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.
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