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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (May 1, 1925)
THE CAPITAL JOURNAL, SALEM, OREGON FRIDAY, MAY 1, 1925 REDUCED CROP ESTIMATES SEND WHEAT PRICE UP Men and Women in News of the Day GAINS 6 CENTS IN FIRST HOUR SPUDS, REPORT PAGE TEN Chicago, May 1 Wheit scored a rapid upturn in price today owing largely to .ntritlonal ciop esti mate flora iHivale but authorita tive source. JJ'.'Tore the flrt hour Of tradinK was ended the market ho wed gains of moie than six cents a bushel with May delivery fueled at l.5H and July at $1.47 Profit taking on a big scale led to temporary setback in prloe. The quick upward swing of the market began again and the May delivery soared to 91.&9K an 1 July to 1.4H. One expert put the loss of winter wheat territory at S,iiS2,000 acres, leaving only 33,336,000 (or har vest. 1 he states of heaviest abandonment are Washington, Texas, - Oregon, Montana, Ohio, Oklahoma, Kansas, Indiana and Nebraska, rungltig from 76 per cent los In Washington to 16 per cent in Nebruska. Another crop specialist reported that the indi cated winter wheat crop of 1125 for the United States Is 427,000,000 bushels com p. i r 2- with an average cf 610,000,000 butmeis f'r the past even yeurs. The apex for today In the wheat market reached at $1.60 ft May de livery, u maximum rise, of exactly Dine ceita a bushel overnight. Thin was the topmost price that May hast ouched since April IS. July old the highi-st . since April 2G and Honed at th tiptop for the day, $1.&0 to $1.6014 a net gain of I -to SVt. May closed at $1.6944 to $1.60 with net gains for the day 6 to 7 H a. buahel. T HALF CENT OFF Prints sell steady at the 42 cen; BUTiBU MARKET .... Portland. May 1 There la a weaker tone in the local butter ma.'ket. Cubes are off half a cent on the exchange with standards and prime firsts posted at 3b 4 cents; other grade unchxunged. level. Eggs are steady and unchanged Iaily receipts are well taken with some outaide shipping and the bai ance going into cooler. Further weakness is shown In country dressed meats; choice light calves sold today at 124 cents with U cents the top; choice light rom are a fraction lower at 17 cents top. Live poultry la unchanged. Very little coining and only moderate oemand; prices gen orally steady. There Is a toinpnrury short ;ii Jn rhubarT along the street with best stock soiling around $l.Iin 1o SI. 05 per 30 pound box. Mist ar rivals, however, will bring prices flown ngiun. IJIHKTOC K Portland. May 1 Cattle steady receipts 35, hteeiff, Kond $!." ft) 1 0.00; medium $K.2 i fit 9.7 3 ; coir Dion $7.63 V S.S5: runners and cut ttr si iters $0.60 (u 7.50; heifers ' Efod i5u lb. up $8.2r6tU.OO common and medium, nil nollit fi.00i)8 Zf; COWS, good $8.00 W $.65; common an I medium t6.2T,:-i $.00; canners and cutters $2.10 4 IB; bulls aiol (beef yearling)) $5. 00 AS. on, common to medium (onniiers and boii;uiis) $1 50 B.00; calves, medium ti chh (11)0 Ibj down) $4.00 911.00; cull and common 10 lbs. down) $5.5(1 tf H.00; medium to cholco 1 lo to $60 lbs.) $7.0lK.f 10 uO; me liuin to choice 2i0 lbs. up) $6.50 7.00 ; cull rind common 1 1 20 Ibb. up) $4.00 ''0 6.00. Hogs weak : receipts 1H it; neavywcignt 41150 to 350 pounds) medium, good and cholco $1 1.00 4D 12 00. medium weight, tZ00 to 300 medium, good and choice 1 1 1 .SO (tf ! 2.25 : light weight, (HO 1o 200 lbs.) common. medium, goou, and choice $i2.2ofy 12.50; ItK'it lights, common, med ium, good, choice $11.0012.00; packing ho-ta smo.iMi $10.00 4r $12.50; rough $9.50 $10; sl.i:r-:h-ttr pigs (110 lbs. down) medium, good and clwl-j sn f0ft $1 l.oo, feeder nnd Blocker pigs 7i to 130 b?.) eommon medium, good and Choir $9.0di,l0 50. (Soft or oily h'ttts and rjastlng . dps exdu led in above.) iiheep weak; teclpts 60S fornix?, light and hnnily weight, tm riiutn to rhoh-o $8.u0 ij )0 00 heavyweight (4i lbs. up) medium to prime $S.00ftf00; all weights. cull and common $'j.00 (1 H.00 spring lambs, medium to choice ia.50fi$lVM; spring lamlw, cull nd comnun $6.00 1 1.50; yearling wethers, medium to prime t( juii $.00: wethers, (2 ypsis old nnd ov er) medium to prlmo $i.00$v7.00: ones, common to rhil;o 94.0(H? .fO; cinnor nnd cull f t .j(Wr 4 00. (Above nuot-itions except spring lambs on whom bust). KUUH VY1 IftUITKR Portland. May 1 Kgxa steady; eunwit recelots pullets $3M:fr24e firsts 24H25e; hen neries ztf-!c delivered Port land. Portland. Ore., May 1 ltutter f xtra cubes, city, 40 standar I tHc; prime fu-jts lc; first $9c; rlnls 42c; eartoru 4.1c. ltutterfat steudy, b-st churning ereom 40c: net uMppers trai k In Bona 1; 41c delivered Portland. Port In ml ;raln Poriland, May 1 U hcvit bids hard white, bluest em, bnsrt $1.70; oft hit $1.67; western white 11.55; hiird winter $1.56; northern prln-r $1.6$; western red $M$; B.B.U. hard white $1 SO. Todiy s car receipts: wheat 1, flour $, oats 4, hay $. POUI.TIIY Poitlflnd, Ore., May 1 .poultry esy; heavy hens tl24c; light tto; broilers IMMOc. ONIONS AND POTATO KS Portland, May 1 Onions firm f5.O00S.2ft In country. Potatoe eld $2.2?.35. I NWTH. HOPS AND CA8CARA i Portlnnrt, May 1 Nuts quiet;! fValnuta 199330; Alberts nom. i'ortiajid, May 1 iiupa steady; Boston, Mass , May 1 Th Com merclal Bulletin tomorrow will aiv The woo) market bus been de pressed still further this week. 1 he AufttralH.n selling policy evi dently has done more to destabil ize the world markers than its sponsorj dre.i.ncd possible. Cer- atnly the eife.it in this market has been deplorable ard Bradford lop makers are loud In their denun ciation of the plan. The result probably will he a curtailment of the London colonial series com mencing Tues.Iay and ptiMlbly a curtailment or restrictive eelllng policy ag'tln In Australia for they have not been able to sell more wool there at the lower nrlec than before. Bales during the week. both here nnd abroad, have been brought about largely through ne cessity or expediency. Few prlcew have be!'i made anywhere on the merits of th i wool. Quotations nre xtrcmoly difficult: never more so. In fact, even Jn the dark days of 1020, but there are conservative observers In tho trade who believe the decline Is going too far. Manufacturers offer little In the way of encouragement, although some reports are to the effect that there Is a broider reorder hiLnlnet both on woolens nnd worsted. Lit tle, except consignment and old contract purchases are being mov ed In tho wet. Growers Inclined to reaist cur rent bids of dealers. Mohair Is alow. The Kerrvllle accumulation is reported sold at nnd 70 cents, resuocllvelv. for grown and kid hair. The Commercial Bulletin will publish the following wool quota tions tomorrciv: Hcojred basin; Oregon: western No. 1 sta.nle $1.20ii 1 22: fine and fine medium combing $1 151. 20; eastevji cloth :ng $i.ou?fi.o&: valley No. 1, $1. 051. 10. m ohiilr : best com blnsr 1 0 ffl 8 5e : best carding 70tfi76e. May Ciintvl Sale London, May 1 A news agency dlvntch from Melb3irne says that Australian wool Interests, face I with a heavy decline In wool prices and with approximately one fifth of the Australian clin to he sold are considered whether the May sales shall be cancelled or dra.-ftlcally curtailed. According to this dispatch the leading men In the Industry admli the situation la bad. One authority estimates that more than 60. 00 it t-alos already have been withdrawn from the May sales and that the quantity awaiting disposal exceeds 350,000 bales. Salem Markets Compiled from reports of Sa lem, den hva for (he guidance or Capital Journal readers, (Kevlsed dully.) Grain; No. 1 white wheat $1.43; AO. 1 red Wheat $1.41 (Hacked) VlMftt.mt, v lire r.ieat: top hogs 1 3c; sows S (&) lie; difAsed hogs 17c; top nt 'C14 63Utc. cows $-t.UOi4f5.uO; cai nor cows 1 Vs up; balls 36c pr)ng lambs up to 00 lbs., 14c veal e; diebs'd v'll 12o. I'uultry: Spi iiigers 35 i; light hens 0c; heavy hens 22c old riKwiom 10c; One kg 16 f? ISc riectto IS'fjilUc dressed; live 124114c wnue I'eKin uucks, alive lutusc. India Itiiiincr ducks alive 14fitl6c Ltultcitat 41c; cre-iincry butter )4h4'o; egs 20e; standards 22c; selects 24c; milk $2.20 cwt. euctabics; California nev potatoes 64f7H; old potato. v J2.10fi 2.65 huc'c; had letluc $3.504i"$3.76 cn-.to, Texaa fithhaK' ie, t allfnnva 3 it I -; 'Jre-; tri grown oulors $j.30 owl, erute onloim $.1 (MMi $3. 50 cwt.; sweet potatoes, fan , 1 ccium; piua.-'i rate 1 1.25- peppers 25c; ruta bagas $-t.oi; j irmiina 3 lie; Mick ear rots M,im; lor.il 1 urnlpM 3 . Oallf HMila bunch vegetables: ear- 101s UOc; be 0 1, turnips DOo dux. I aral.y 60TrS0j, loal ralirthes 40 e M; gi'.'en i)iiuni8 4 lo; giapeTrut $0fti J.2i; local ihuS.u ! 3 4 i A ? tenia toon $4.7 j w 5.50; asparagus l &" dozen: new telephone pear l (r 12-:; new mustard greens 8c; Califo ni straw ber: :e 20 box crate $ l.t; nrtleh.tkei f 1.00 do, orangvii, small naval $5.75 nr 7.00; nc w wax beans 22c, green bea n 20c; wax oii:oiW4 $ j.o iwi $ 3.6 ), broccoli $2.75: California cauli flower $2.75. NEW INDOOR COURT GAME IN COLORADO Denver, Colo. The Intent lii lour sport In this region Is "zin- :ag. It romhinea buokctball and volley bull, and has a truce ot ttr- door baeeball. It made its debut recently under the spoiiflornhin it Joe Mills, frmcrly battk"tiinU coach at the University o( t!:lo rado and Kuy Kippeteau, a D?a- ver business man. CHERRY CROP BEST IN SIGHT George Vbk, after looking over a numb' of cherry orehnrdM ye:- terJay, declares that he bvllevot chemea will have the best ci p of any tree fruit In thu eectlon 01 this year. "I a.11 not much of an author ity, but that Is my view tfter look ing over the orchards pretty care fully,'' he niio. All of the orch ards I examined look preit good " MACHINE WILL TELL TIDES Liverpool, Kng. An Instru ment called the "prophet of lht tides has-been presented by Llv erpool steam ah ip owners to the itldnton observatory at Itlrkcn head. Tho machine will tetl the time of ocean titles In any part of the world 50 years In advance, ind It will also rive the time of ill the tides during the last 500 years. 4 ..1 &s raffia &9V JjyBD, ARTHUR. BittrOUia jf AWTENCHAMT5EX5$lIIr Bhopa were cloud mud mil work stopped In Jerusalem In response to the Arabian call for a atrike In protest against the Palestine visit ot Lord Arthur Baltaur, held responsible for the British policy encourag. Ing Jewish colonization of the Holy Land. The announcement of Austen Chamberlain, British Foreign Secretary, that Great Britain la now lined up with Germany In the problem of European security against another war has encouraged the British Government to believe President Cool ldge can now call another disarmament conference without tear that the land armament problem will cause difficulty. Mrs. Clyde Byfleld, of Atlanta, Ga., has been granted a new trial by (be Georgia Supreme Court In her suit for $100,000 against Walter Candler, son of the Coca Cola king, for an alleged attack on board the liner Berengaiia. Presi dent Cooildge has taken another thrust at the Senate by giving a recess appointment to Thomas F. Woodlock. New Tork financial writer, as member of the Interstate Commerce Commission. The Senate failed to act on the appointment before It adjourned. Further Survey Reveals Few Prune Orchards Have Good Set; Damage Heavy new clusters Iftc: fuxitles 15t)lr; eld erop nominal. rort'snd. ftlny 1 Cnseara bars quiet; new pee) 7rlc per lb.; Ore gon irape root o. Some prunes are showlnR up out if the reports of damage to the erop In this tetion, although It Is eonceded on all hands that the crop has recdved a Bevere wallop and there will be a materially abort crop. On the Stnley orchnrd near Mac leay the treos are looking good and b nineties brought in Indicate there will be a Rood set. (leorRO John son brought In some branehos from tree aerow the river with prune wet ting; heavy on It, almost too mueh for the branehos to hear a little later in the season nnd he irtates the entire orchard looks the name way. Walter Pomberton, on a trip throush tho Jefferson and Albany arid Corvnllis utstrlcts yostcrdajy brought back reports of about 25 per cent of a crop In those dis trict:!. The petite crop looks good, ac cordtni; to all reports. In fact proa pecte are for a heavy crop, but with a heavy crop of petltes there are still not many In this section. Robert C. 1'aulua atates that the damage this year Is the greatest tdnee 1912 when the prune crop Portland, .May 1 There Is al most a runaway market In o!d onions an 1 old potatoes locally Although new crop stocks are com ing in liberally and prices nre de clining rapidly, holders of old took j of potatoes and onims are asking prices almost unreasonable and Kilting them. Very Utile of the old crop remains In this slate and the few dribbles, here and there are In strong hands. Iteitaurants, hotels and the p rotors are still using old stock and need it and naturally rnuat pay the price. It le doubtful, how ever, if old potatoes and onion prices will go much higher. Today old potatoes. U. S. No. 1 snide of Uui banks are selling wholesale at $2.75 with some fan cy lJeathutes Ge.ua bringing $3. :sumo..'r 1 Yakima (Jems are firm at $3 an J probably wil! be held a quarter higher the fimt of the week. Buyers have to pav $2.25 to $2. 3S in tho country for old potatoes to day and jj a ton in Yakima, New crop potatoes are olentlful at 5 to tf centa and getting cheap er wlih each new shipment. fcxtiemo prices on old onions as hirh as $4 are heard along tin street with bulk of ales nriund J5.75. Some resales of Australian browns have been lobbed at $5.50 Some of the houses alrealy out of old cro stock. Gool Sherwood stock wculd probably cost around $5 to $5.25 in the country if avail able. New crop white wax onions are coming In now with the market dov n around 6U to 7 cents. New onions are getting cheaper as the supply Increases and this will no doubt check the upward flight of old onions. was practically a total failure. He estimates there will bo 26,000,000 lej pounds oi prunes In the Wil lamctte valley this year than there were last, or about $750,000 less in money from the prune crop in tne Baiem section alone. W, t. Drager received a lona distance call from San Francisco yesterday in v. hlch a broker there stated the general opinion as to the new California crop was from 200.000.000 to 240.000,000 pounds. A circular received from the Cats-American comi.any by Paul us statea that the preee.it downward movement In spot stocks is great ly overdone and that there is no real reteon for tho merciless price cutting. Oregon and California prunes are suffering, the circular states, but the fact remains that the stock held by wholesalers and retailors alike Is low. Kuropo Is ready to buy, says the circular, but will not buy further than In small lots as long as the New York mar ket is demoralized. The circular asserts the balance of the crop can be sold easily be tween now and the advent of the 1925 crop without price cutting. WINSTON-UNIVERSAL Cross-Word Puzzle now Based on the Foundation Laid by NOAH WEBSTER And Other Lexicographers Modernized Ey W. J. PELO, A. M. (Harv.) 9o BRING THIS ADVERTISE MENT WITH THIS AMOUNT TO THE CAPITAL JOURNAL OFFICE AND GET THIS NEW DICTION ARY OF 1100 PAGES. Full Definitions of Words, Synonyms and Antonyms, Mythological and Classical names, Names of Persons and Places, Terms Used in Commerce and Law, Christian Names of Men and Women," Prefixes and Suffixes, Parts of Speech, Abrogations, etc, etc CAPITAL JOURNAL it is You Can Find Them in The Capital Journal Classified Ads Capital Journal classified t ads will save you unlimited trouble should you be seek ing a maid, a cook, a chauf feur, a bookkeeper, or any other experienced or unex perienced help, or if you have anything to sell or trade or something you want to buy at a bargain. - Into the great majority of the homes of Salem and . environs, your advertise ment will go. And when you see the number and character of the replies, you will realize the advan tages of advertising in The Capital Journal
