Capital journal. (Salem, Or.) 1919-1980, August 20, 1925, Image 8

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Capital journal., August 20, 1925, Image 8

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Newspaper Page TextPAGE EIGHT THE CAPITAL JOURNAL, SALEM, OREGON THURSDAY, AUGUST 20, 1925 WHEAT GROWERS JUBILANT OVER PRICE OUTLOOK Portland, Auy. 20 Wheat grow ers, not only In this shite but throughout the entire country, are lubllant over the price oullooK The coveted $1.50 price haB not only ben obtained but future op tions are well above the $1.60 level on the Chicago grain exchange witn the market showing a strong un dertone. In the Pacific northwest the winter wheat harvewt 1b nearlnj completion. Threahing 1h well ail vnnci'd and the grain hauled t warehouses. Very little ifl actually being sold. Some wa contracted earlier In the season and a few of the farmers are accepting me i.u offered by Portland millers for rlni anrl local northern spring, tidewater delivery. The bulk of ' the growers, however, are inclined to hold. They are busy with their harvest and in no hurry to sell at present levels, Local millers are paying $1.80 to oa high as $1.86 for Montana dark, northern spring, Portland delivery. This is high in protein, ranging better than 13 per cent. Kkkh Arc Steady Receipt eggM nro bid higher on the local exchange with 30 lM net posted for the day. liuyers are paying country Hhippers 29 'A to SO cents for delivered receipts. Graded stocks are steady and un changed. Cube butter market Is easier, es pecially on ordinary make. On the xehunge prime firels nro two cents lower at 46 cenlfl, while standards j.nd extras hold mendy and unchanged from Wednesday. Prints, too, are selling steady at the B3 cent level. Slight Improvement shown in the live oultry market. Light hens now quoted nt 14 to 15 with heav ies 22 to 25. Springs bringing 21 to 25 cents. Poultry receipts not as plentiful as they wore a week ago. Hop Market Values No actual change la Indicated In the country meat ulluaiion. Re colptfl continue light with hardly enough arrivals on the street to es ..i.ih n definite market. 1 he few choice light hogs coming In readily sell at la 'h w while choice light veal With picking under way In the valley hop yards, the market has has been esLaniisneu m MB " ...,,rinu li.-lwcen 700 and 800 t.inn hnvn nl read v changed hands at that price. Home cliiHtfi'H til.so Hold at 18 ,4 cents but most grow ers holding and Htonng mr a m-i-ter price. The Oregon crop will fall short of last years yield. steady; heavy hens 2123c; light 14 16c; broilers 21 25c; young wmto Quota 22c, ONIONS AND POTATOES Portland. Or.. Aug. 20 Potatoes steady; 12.002.15, onlona steady $2.50&)2.75. NUTS, MOPS AN1 CASCARA Portland, Aug. 20 Nuta quiet walnut No. 1, 28 30c; filberts nominal. Hops steady; now crop 1820c. Casenra hark quiet. Old peal 6 7c per pound ; Oregon grape root nominal. cents hold F! MVKKTOCK Portland, AUK. 20 Cuttle ulcudj- receipt. ai; ulcer, nu-iiiuni fci8.25; common $U.0U Cu 7.b0; can nn.iliul outturn J-1.B0 t 8.00 ; Hell p. commun ana medium $ -1 . 0 0 i S.r.0: co-.vh. common nuil meillum :i sr. rif 5.75: ennners nnu oulli'ra il.B0'l'3.25: b u I Ifl. Bond ( let yenrlliiKS excluded) $4.005.00; common to medium ennnora nnn bnlnKims 3.00U.OO; cnlven, me dliim lo eliiilio milk fed cxi'lud eil $7.00fii 1."0: cull and common if. nnfiiUTifl: venters. meillum cliolre I10.0DW12.00; cull and com mon IG.50Wlo.ou. ii.m.w meiidv: receipts 200 hniivvweluht (250 (o 350 ll.) ,..,n,,,,, L-.i.id iiii.l choice $13.00i8 J4.50; medium weight (200 to 260 11m.) medium, good nnd cliolcc $13.71) tj 15.00; llKhtwelBllt (100 to aoo IImO common, inedliim, nood n.l nholeo $H.50W15.10; IlKlit ii.rl.i nnn to 100 11m.) common medium, Rood nnd choice $14.00f 14.76; pafkliiK li"K 1 " 1'' 1 - IniiBhtcr plKH (130 ll.a. down) mo. limn iz 1 nnd choice $13. BOW 14.60; feeiler mill atocker plua (70 lo 130 lha.l medium, uood nnd i.,.i..n ti:i iiodri I 4.011. (Sort or oily horn nnd roimlliiK 1'lKi excluded In nlmvo quotation. I HV.n. n Riinuir: receipts 260 tnmlin. cond and choice Mt. Ad- nma) $1 2 00 w 12.60; lambs, nied llim to K'.od (valley) tlO.MW VI to- hn.ivvivelirllt (92 Ilia, up) $H 501 10.0(1- all welchta, cull and common $6.0O8.O0; yearlliu; wentheni, medium to choice $7.00 ti9.00: ewes, common in cnoi. . $3.0')(ii'ti.00; canner ami cull $1.60. I'OltTt.ANO (dIMN Portland, AuK. 20 Wheal ; hard White, bhieHteni, haart $1.50; ao(t White $1.67; western white $1.60: hard winter, northern sprlne; $1.65; womeni red $1.53; H. H. H. hard white $1.01. Today's car receipts: wheat 98. hurley 2. flour 7, corn I, oat 1. hay 10. IlIJTlKIt ANI KtifiS Portland, Auk. 20 Kwm firm: current receipt 29 Sc; piilleta I7f28c; flrata SOfpaOUjc; extras 83.130 delivered Portland. Htltter ateady; oxtra cuhea city JOc; atnndnrda 48c; prlmo flrats 46n; flrata 45c; untterKrndea nom inal; prlnta 63c; cnrlona 64c. Buttcrfnt firm: beat cliurnlniT oream 62c net ahlpuera track in lone 1. I-Ot 41'ltY Portland. Or., AuK. !0 Poultry VALLEY STARTS Portland, Autf. 20 Picking of fuKKlo hops has started In Oregon and the harveHting of tho main crop will begin us uual during the flrwt week In September. The hop yardw are making a good appear ance, but it la not believed tho crop will ccme down as largo an ex pected earlier In the season and It i likely that tho total Oregon yield will nt equal that of last year. . Reports from Wahlngton and California also indicate that the crops of those states will be somewhat short of 11)24. Tho market has a firm founda tion at the opening of the season with nhorter crops throughout the world than Inst 'your and prospects of a better demand. Knglmh crop reports are moro or leas unsatis factory, advices coming from that ulilc indicating nn outturn of be twecn .100, 0UU and 275,000. hund redweight as against iibout 445,000 hundredweight produced last year. Tho German crop will also be abort of a yt-ar ago. Tho contln ental production Is roughly estimat ed at 400,000 hundredweight, com pared with 500,000 hundredweight in 1!)24. With less foreign hops available the dealers do not think I he new Import duty established In Great llrllalan will have a det errent effect on tho demand for American hops and may. on the oilier hand, bring about a higher world h trice. Moat of (be hovers of new Ore gon hops to date has been in the fug.ile market. Hetween 700 and S00 bales have been taken on con tract at 20 cents. The demand for clusters has been limited. A little business wa; done at 1 K -i cents but sellers as a rule are holding off In anticipation of better bids. The Washing! or and California markets are Inactive. NEARING END OF TEST OF WHEAT Applications are coming In to Charles It. Archcrd from various sections for blocks of the hard federation wheal seed grown ns an experiment this year on the M. L'llcr place on route 6. Tho re sults with the seed there this year were so gratifying that a demand In springing up for a chance to got hold of some of the first seed to bo used for anything like general distribution around here. It Is the belief of Air. Archcrd. from the returns had from the first experiment, that the hard federation promises to become the spring wheat of the valley In time and will virtually displace all other types. There Is still sonio of It left nnu may be had on application, the farmer to pay regular prices for It, About 150 bushels were thresh d out from the first expenmcm nnd thin in being cut up Into 10 busbrl lots for distrihutlon to vari ous dlstrtctRto that tho wheat may be grown under varying conditions make n thorough lest oi us use fulness In the valley. Washington. Aug. 20 fAPl The sheep industry apparently Is just approaching the end of a per iod of high prices, the department of agriculture declared In an out look report on lambs and woo). luilrly well sustained prices for lambs for the remainder of the year but possibly lower prices for spring lambs in 102U are to be ex pected, while the outlook for wool, was added, In uncertain, with lower prices probable, next year unless an Increased demand develops. "Should the number of breeding ewes and lamb production be fur ther increased as now s.eems like ly, that would result in an tncreas ed production of wool In this coun try,' tho department continued. Ihe recovery of wool prices from the post-war depression Is stimu lating foreign countries also to ln- roase production. The Austral- fan wool crop Is expected to be larger than last year's and Increases in the numbers of sheep In Eu rope also Indicate larger wool clips mere next spring. "The prospective Increase In sup ply. however, la so great as to causo further marked decline In prices unless there should bo a de cline In tho demand for woolen goods, a decline In the general price level or a slump in business activity. "In addition hog prices will probably swing downward and it seems unlikely that beef prices will be maintained at the high level of this fall. Further, It seems unlikely that industrial activity will be continued Indefinitely nt the present high levol. With the general level of prices remaining tho same, the still larger market ing of, lambs, coupled with lower prlccB of other meat animals would result In a downward trend of lamb prices beginning with the spring of 1926 and throughout 1927." Summarizing Die report the de partment says: "The shee;i Industry apparent ly In just approaching the end of a period of high prices. "Further large Increases In sheep priductinn will require buy ing breeding ewes at fancy prices or holding valuable stock off the market. Tho probabilities are against (his stock being relatively as valuable In 1926 or 1927. "As between sheep and beef nnttlo, consideration should bo gfv en to the possibility that beef prices seem likely to tend down ward. Present beef prices reflect merely an unusual temporary sit uation, prices during the next year may be lower than nt presort but with nn upward trend." $1.06 to Jl.OtHi, then declined fractionally and an hour after the opening was a ahado below last night's finish. Oats started cent down to H cent up, with September 40 to 40 and later held near the In itial range. v Provisions were firm. The wheat finish was 1 cent down, with September at 1.59H to $1.59 and December at the sumo figures, $1.5916 to $1.59. At the close corn was 1 to 2 cents decline over yesterday's fin ish with September at 1.03ft to $1.04 & flhowinf; the greatest loss. ETTER QUALITY bananas So; apples $1.60 box; ew potatoes $1.502.00: bunch ed vegetables: beets 3c; carrots lHc; turnips lc; local 40p80c; onions, radishes 40c doz. bunches; tomatoes 76c box; green benns 4c lb.; lettuce, dry pack, crate $2.00 2.26 ; cucumbers, per doz. 25c; Oregon celjry 80c doz.: old pota toes l'ic; sacked vegetables: beets, carrots, rutabagas and turnips 3c; oniens 3c; plums 4c; home grown cabbage 2 He; local cauliflower $2.0C crate; fresh parsley 60c doz.; casabos 4c; local peaches $1.60 8 j 1.75 a bushol peppers 8o lb.; fancy dill 15c lb.; dill size cucumbers 3c; gherkins lb.; outdoor lines $1.00; seedless grapes 4c lb.; sweet corn 17c; new cocoanuts $1.46 doz.; new Malaga grapes 10c; garlic 16c lb.; new pickling onions 7 7 c. CLOVER HARVEST ON; RETURNS SATISFACTORY Threshing of clover seed haB Just Btartea in this section and it Is too early yet to make any esti mate on tho yield, although the first returns are highly satisfac tory and chances are good for an excellent crop. No prices have been fixed ns yet, nevertheleps the outlook indicates a high price for the seed this year. The top market last year was 27 cents. The average price paid was along 23 and 24 cents a pound. It Is figured that a farmer getting a yield of three or four bushels to the acre can make good money on clover seed at 20 cents a pound under ordinary conditions. LAST OF 1924 PRUNES SOLD The lost of the 1924 prunes held by Robert C. Paulus are -being packed out at the Salem Fruit un ion building, having been sold some time since. About 40,000 pounds of 35-45n are being nck ed to clean out his holdings. They are being packed under the Almin ko brand in 25 pound boxes. L. T. Dick and L, M. Hum CHINESE MEDICINE CO. 420 and 420 Stale St, ilns wonderful Chinese reme dies which will cure any human ailment Including sldcache, headache, stomach, kidney trouble, male nnd female. If til -oiiMilt us lit oucc. Delay Is dangerous. ICstobllHied 18 years In Sa lem, Oregon. phouo 283 Journal Want Ads Pay Washington. Aug. 20 Edwin Smith, market specialist of the de partment of agriculture, returning from Europe where he surveyed marketing possibilities, declared fresh frutt could be expanded n the European market for American American growers would produce better quality in adequate quanti ties and deliver the produce in bet ter condition at reasonable prices. Tho taste of the European for fresh fruit is just as great as that of the Americans, he declared, but the lack of development of refrig erated transportation makes fruit available In Europe only a short time compared with the United States. "Present Indications," he said, "are that Europe will absorb as many American nnd Canadian ap plei this year as last, although the English apple crop Is better than last year. "A heavy crop ot apples in Nova Scotia will somewhat offset Vir ginia's shortage while in boxed apples Hrltish Columbia's reduced crop will ease up on the compel! tlon of the Pacific coast states. "One of the topics of conversa tion among members of the fruit trade of Great If r) tain relates the tremendous strides made dur ing the past years by grapefruit In the British Isles. It Jumped from one of the rare exotic fruits seen only in large centers to a reg ular article of trade. "We've American producers to get behind with it with a continued educational program, in seems cer tain that grapefruit might be ab sorbed In European markets In large quantities." HELD SUCCESS WHEAT AND CORN CENT E Chicago, Aug. 20 Wheat higher with September at $1.61 to $1.61 n"d December at $1.60 ft to $1.61 but later receded some what, sit hough remaining above last nltrht's close. Corn opened higher at a shade lo cent up. with September nt Salem Markets Com piled from reports ol Sa lem dealers for (lie guldnncs of Capital Journal readers. (Hevlsed dally.) Wholesale rriccs Grain: No. 1 white wheat $1.44; No. 1 red wheat $1.41 (sacked). Meat: Top hogs 15c; sows $9.50(10.60; dressed hogs 19c; top steers Cc; cows $2.505.00; bulls 34()4e; Bprlng lambs, 80 lbs. and under 9T9c; heavier 8Hc; veal 7(l7c; dressed veal 16c. Poultry: Springers 16 22c; light hens 16c; heavy liens 2022c; old roosters dr. Butterfat 62c; creamery butter r3c; eggs 2fic; standards 28c; se lects 30c; milk $2.30 cwt. Vegetables and fruits; Canta loupes $1.35; watermelons, $2.00; oranges $7. 75 8.76 lemons $8.00; grapefruit $9.00 S SATURDAY H IS THE DAY l (Getting Itwuly) (f eDeseitFIower1 Medford. Or., Aug. 20 Accord ing to Guv Connor, local repre sei'iituttvo of Simons Shuttleworth md Trench, fruit brokers, tho first successful shipment nnd sale of Medford pears In Europe was made yesterday when a car of Hart letts from tho II. Vnnlloevenberg raiu'h was sold In Houthampton for twenty shillings per box, net ting tho grower about $1.84 per box for the nnkeci mm. iorai ap ples have been marketed success fully before In Europe, says Mr. ;onnor, but never pears. Notice of a decrease In capital from $75,000 to $10,000 was filed by lh Penree-Ia1rd Hotel com pany of Ilandon. n THURSDAY FRIDAY OREGON A Most Convenient Means of Saving With JACK PICK FORI) The Money Barrel which we furnish without cost lo our savings depositors is a convenient means of saving money for deposit. Get one today begin putting in coins you can spare, you will be surprised to see how much you have when you bring it to the bank. First National Bank Salem, Oregon OUR 676-STORE BUYING POWER SAVES YOU MONEY Jura RATION-WIDE INSTITUTION" ney Co. NC. WHERE SAVINGS ARE GREATEST THRUOUT HEW. EA AT EC DEPARTMENT STORES the year 160 North Liberty Street, Salem, Oregon ONOHICAL P This Wav for Winter Coats ! Style and Value at This Store The all satisfactory Winter Coat I One which is overwhelmingly stylish, one which will give serviceable wear, and one which is moderate in price! That Coat awaits you in this Store. Our shipments of Winter Coats are ready for your survey. They are fresh from the fashion centers of New York. Generously Trimmed With Effective Fur Fur, furl It is everywhere used in pro fusion. For Winter, what is more stun ning? These coats are fashioned of bolivias and smooth finish fabrics such as suede cloths and velours. At each of these economy prices, there is splendid value. See our selection of fine new coats ranging in price from $16.75 to $32.50 v V Modish Fall Hats Appear! AH the Deligthful Styles Are Here Woman's crowning glory her new Fall Hat! And now is the time to buy yours. Our new styles have arrived. They ore as varied as they are smart In large and small shapes, in a rainbow of colors, and with endlessly different trimmings. New Colors! Rich and becom ing are the new Shades, the purples, jvine, wood browns, snd greeni. And our hats are splendid values at every price, Theie range from $3.98 to $8.90 r'acts, Not i id ion, Should Guide You I Fact 1 The 40 Buyers of this Nation-Wide Institu tion, being constantly in the country's largest markets, assure the latest of worth while goods. Little escapes them 1 FacV 2 Buying for our 676 Stores, they get every conceivable advantage. Fact 3 Their huge or ders assure standard quality merchandise at the lowest possible cost. Fact 4 Because of this Immense buying power, this Store is able to pass these advantages along to you. Fact 6 That these ad vantages are real and that they are passed along to the public, you can easily deter mine by making Quality and Trice comparisons where you will. Let these facts guide you Silk Hose A Teeming Value! Value just speaks from these hose. Seamless, pure silk. They wear faithfully. Try them I 98c rue for Black Satin In This Slipper Returning popularity of the Spanish heel li crtrc tlrely emphasised in thii clastic model, developed In black satin; all-leather onttruetloni new tltched design. Low priced at Vo Refinement and Value In This Black Kid Pump for Women Excellent quality all leather in soft, pliable black kid; one-strap ef fect and covered military heel; plain toe. A pump of exceptional value at Ihe low price of Oregon $5.90 $4.98