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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Aug. 26, 1925)
ME CAPITAL JOURNAL, SALEM, OREGON WEDNESDAY, AUGUST 26, 1925 DECLINE IN BUTTER MARKET HELD IMPROBABLE PAGE EIGHT LIGHT STORAGE HOLDINGS KEEP Portland, Aug. 26 Storage hold lugs of butter on the Pacific coast continue around five million pounds, which is a littlo more than half the stocks on hand a year afro at this time. In the fact of the light storage holding, any big decline is considered doubtful at thiH time. Just at preaenl dealers appear interested only in keeping the market low enough to allow regular makes to move Into con sumption. No change in prices to day. There la no butter being put ftwuy at these levels. On tho other hand Portland holdings ahow a alight decrease over lat week. And this in spite of tho much talked ol Minnesota arrivals. Bo far ono car load containing 800 cubeo, has come In from St. Paul. After It han been used for exhibition purposes at tho Butterniakers' convention next month, it will most likely be thrown on this market. Tho local egg market fa mark ing time with values generally steady. A cent advance on firsts to 37 cents is the only change on the dairy board for the day. East ern markets are firming up with coast extras now at tho 50 cent level in New York. This will no doubt strengthen tho local mar Live poultry market Is showing an Improved tone. Receipts are falling ofC and the demand is re ported good in all lines. Commission firms look for in creased meat shipments from the country fiom now on with prices gradually easing on. weamer con ditions arc more favorable for in creased receipts and lower values at the yards lend to weaken prices along the street. Choice light hogs today still holding at 19 to 19 H but it must be fancy stuff to bring the full market price. Choice light veal still 16 to 16 cents with tho undertone weak. Grape season is In full swing with new Tokays offered at $2.7f and fancy muscats at $1.75 a lug. Wine grapes are also coming in With prices around $1.75 a lug. Peaches are plentiful here and prices range all the way from $1.10 to $1.35 a box. Tho onion market Is weak and lower with best Walla Walla globes offered at $2.25. Oregon stocks not coming in yet but few arrivals oiling at $2. Apples arc plentiful and prices cover a wider range depending largely on variety nnd pack. MVKSTOCK Portland, Aug. 20 Cattle steady roceints cnttlo ti&: calves 0; steers medium $7.25 fr8.00; common $A.OO till itfi- r.ninii-R ami cutters Ji.au 6.00; holfeis, common and medium t4.oft tfu fi.no : cows, common ami medium $3.256j5.75; cannera and cutters $1.50 tt 3.25; bulls, good (best yearlings excluded) $4.00U 6.00: common to medium cannors and bolognas $3.00 ife 4.00; calves, medium to cholco mint feds ex- nlmlml f 7.G0 ffl 0.00. cull and com & mon $5.007.50; vealers, medium to choice $10.0012.00; cull and - common $. 6041)10.00. l intra steady: receipts 80 hoavyweight (250 to 350 lbs.) medium, wood and cholco $12.7Mi 14.25; medium weight (200 to 250 Mm., medium, good and choice $13.50W14.&0: lightweight (100 to SCO lbs.) common, medium, good and cholco $ 14.50 (ji 15. 10; light llirhts (130 to lfiO lbs.) common, medium, good and cholco $14.00 44 14.76; packing hogs $13.0014.00; alnughter pigs (130 ins. oownj medium mod and choice $13.00 6i 14.00; fctaor and ntocker pigs (70 to 130 lbs.) medium, good and choice $12.501)13.00. (Soft or oily hons and roasllng pigs excluded In above (isolations.) Hhecp at truly; receipts 700 lnniha. cnori and choice (Mt. Ad ams) 12.00 (ft1 12.60; lambs, med ium to Kuod (valley) $10.50ii 13 50- heavvwolirht (92 lbs, up) $8.50f 10.00- nil weights, cull and common $6. 00 8.00; yearling weathers, medium to choice $7.00 i9.00; ewes, common to cnoicr 13.5011 6.50; canner and cull $1.60. Traid to Return A: ii That's tho plaintive cry of Imogene Wilson, former stage beauty, whose affairs with Frank Tinney, the comedian, were aired last Winter. Sick and alone in Berlin, she says the publicity her troubles created have likely killed her chances on the stage. l'OIITl,M CHAIN Portliind, Aim. 20 Whimt, hard white, blui'RtiMii. Imnrt $1.64; oft -while. 11.63: western white $1.52 hnril winter $1.60; northern uprliin 1.61 : weetern rMl 1.H; B. " hard while $1.56. Today's ear ro celum: wheat 122, barley 9, flour 4, corn 4, oat 7, hay 3. IWTTFU AND KOGS I'orlhid A"K. 211 Ekb utendy current recelntfl 29 Wp; pullets 211 30c; flrnln 32W32V40; exlrna 81 inilo delivered l'ortland. Hntter steady; extra enlien city Boe: fltantlnrdB 48e; prlino flrntR 46c; flrHt 46e; nnderKradea noni Innl: nrlnt 63e: cartonjl 61c. Butterfnt firm; bent churnlnn cream 62c net BhlpiierB' track In cone 1. roi.iiiiY Portland, Or., Ante. 26 Poultry nteadv: heavy hen 23 (f 240; llaht 16c; brollera 23tf25e; young while ducKu S42tc. ' ONIONS AND POTATOES Portlnnd, Or., Aug. 26 I'otntocn teadv 1.76f2.00 ;onlons weak fl.tO01.TS. NCTS, HOPS AND OASOAKA Portland. An. 26 Nntn nulet walnut No. 1. !30o: filberts nominal. Hops uttady; now crop 1820e fllKKles 20c. Caxcara bark quiet. Old peal 7o per pound; Oregon grape root nominal. Salem Markets Oompllrd from rejxirt of Kb lent dcnlcTH for tho vulclnmw of (Jopltnl Jo u null render (Rcvlnod doll.) hona IGc: lienvy hena 20fiii22c; old roosters Oc. Butlorfat 52c; creamery butler 1c; etfsfl 26c; Ht;indiirlH 28c; e- loctn 30c; milk $2.:i0 cwt, VoKctfililcfl and fruits: Canta- louiica $1.50 watermelons. 1 5fl Vic: ornni'OH $7.75 (it) 8.75: IcinonH $8.00; Biapofruit $10.00; bananas Oc; niiplea $1.50 box: new poljitoen $2.00; buched vcro tables: bcetK ',U:; enrrots 1 Vic; tur nips lc; local 40 Cm 8();; onions, radlHbi'H 40c iloz. Ininclics; toma to o 75c dox; Krcon beans 6c Orenon celery 80c doz.; plums 4c; bonio ki own cabbitKO 2c; local cauliflower $2.00 (biz.; frHh pars ley liOc dnz, ; casabas 4c; local peanlies $2.00 a bu.nbpl; peppers Ho lb.; fancy dill 15c lb.; dill size cucumbers 3 14c; KbcrUins 7 V4c lb. outduur 1 1 men $1.60 carton; seed less grapes 5c lb.; sweet corn 2$c now Malaga frrapes 7V4c: tai Id lflc lb.; new pickling onions 7 $f i v, ifnious tz.bu. Portland, Auif. 26 The crop re port for Oregon, for the week end ing August 25, prepnred by the United States department of agri culture, follows: Cool weather prevailed most of tno weeK in northwestern counties extending to other portions of the state toward tho close of the week, culminating In heavy frost in some central ana eastern localities. Rain fell ovr tho greatest part of the state Saturday and Sunday. The precipitation exceeded ono Inch on tno southern coast, and over con- siuerauie areas elsewhere was suf ficient to be of material benefit to VGITGifttlnn nnd tn hrek (ha nnrni.t ot rorest rircs. Cereals Lltt le small rain re. mains to be harvested except In tho more elevated districts and threshing is well Advanced. The rain caused some de av in thresh ing, but isthoug ht to have done mtie damage. Corn was some what Improved by rain, but in eastern counties suffered some lo cal injury from frost. Plowing for winter wneat nag been facilitated by the rain, but in most sections moro rain is needed. Fruits ta.to fruits will be help by the rain. Picking of Bartlott pears is complete in sojne sections, and picking of Howell pears is un der way. Picking and canning of evorgreen blackberries are pro gressing. Oregon peaches are in market in fair quantity. Meadows, pastures and ranges Cutting oT the third crop of al falfa is practically complete in Hume southern countries and cut ting of the. second crop Is advanc ing In central counties. Haying was somewhat delayed by rain. Hulling of clover seed is in pro gress. Pastures have been some what revived by rain. Feed on the higher ranges is holding out well, but In many places domestic pastures, where not irrigated are insufficient for the needs of stock. livestock Mont ranee stock is In good condition, and the markets are well supplied with beef and mutton, but some domestic stock, is falling. , Miscellaneous Picking of earlv I hops has been somewhat interfer-1 ed with by rain. Lnto hops are do ing wen. gome late potatoes will bo helped by tho rain, but some are too far advanced. Tomatoes and melons aro fairly plentiful. Onion pulling Is in progress. various Salem canneries on the pear pack, which throughout will probably bj aa large or larger than ever before. Some of the canneries are reported to have slightly smaller packs than here tofore while others are said to have larger packs. The women employed, it is esti mated, will average along about $3 a day, although some go as high as $4 on pieco work. But on the $3 average tills represents a pay roil of $4500 a day pouring in from the canneries, most of which is distributed nmonf local merchants almost directly. 1500 WOMEN EMPLOYED IN PEAR PACKING HERE It Is estimated that fully 1500 Womon nre now employed in the lHEAT ES Chicago, Aug, 2fl Wheat open ed unchanged to cent down, with September at SI. 59 to li.r.uu, and December at $1.57 tn $1.57,4 but before the first hour had passed September tnuchpil $1.58 and December $1.5C4. Then wie Buying became more general. cue uownwaru movement stopped luu sngiu reaction set in. After opening u to V down with September at 98 to 98 corn registered a full 2 cent loss, but men recovered part of it. Oats opened at a shade un to a snaue aown, with September iHlA to 38. but the market was listless, and hovered within narrow limits. Provisions wore steady. Wheat finished to 2 net lower, with September at $1.56 Vt to $1.56 and December at $1.55 to $1.55. Closing quotations in corn were I to 4 net lower with Septem ber at 93 to 94 , AIRPLANES WILL USE STEAM POWER, CLAIM E I WITH GOOD PRICES Cardiff. The use of steam en gines in airplanes was predicted byT)r. John S. Haldane at the an- finual meeting of the Institute of Mining Engineers. In the course of a paper on coal md ateam, Dr. Haldane said in the very near future he believed steam engines would tke the place of nternal combustion engines to a very great extent, and that future levclopment of the steam engine would be along the lines of in creased steam pressure with small er and lighter engines. The com plete engine ani boiler would be much smaller and lighter than an equivalent internal combustion mrvine, and would in nil probabil ity be more suitable nnd even su poiror for use in airplanes and mo tor cars. Chicago, Aug. 26 (By Associat ed Press) Two words better and bumper were the predominant notes in reports from agriculture throughout the mid-west today. Several sections reported bump er crops, many reported better crops, and all heard from reported better prices for farm products; but the high note was the reportof better "financing conditions" which came from communities where early freezo and later drought se verely uaniagea crops, in these sections tho farmers faced their ancient field enemies buoyed up by tho prospect that better prices and uetter business conditions would more than offset tho damage. Statistics compiled by the Na tional Bank of Commerce of St. Louis state that while three years ago a given quantity of farm pro ducts when exchanged for indus trial goods wa worth only C8 per cent uf its 1913 exchange value, now it is worth 97 cents. William Martin, chairman of the board of the federal reserve bank of St. Louis, said there is increas ed purchasing power in the coun try due to large crops and higher prices. Everett C. Brown, president of tne unicagp Livestock Exchange, after a thToe weeks' trip in the western fanning country, said this yeai a corn crop was tho biggest ever raised. Ho reported also the greatest scarcity in many years of uic lancy cattle ami predicted that money would bo made out of the corn crop by feeding it to live stock. In Minnesota both grain and livestock marketing showed in creases over a year ago. A bumper crop of small grain and corn production above the av erage were predicted In Iowa. Charles D. Reed, director of the towa weather and crop reporting service, predicted a corn average of 40.5 bushels per acre, Oats, bar ley and wheat threshed more heav ily than expected. In Nebraska, A. E. Anderson. state and federal crop statistician said thatMite surveys convinced him there was a possibility for ex- eeuing last year s corn crop of 03,000,000 bushels. Although Kansas harvested one of its smallest wheat crops, about 68,000,000 bushels, better prices were expected to compensate part ly. Corn In Knnsas was estimated at a little over 100,000,000 bushels. J. C Mohler, secretary of the Kan sas state board of agriculture, said late rains have assured abundant feed and conditions that can hard- ; ly be beaten for fall seeding of wheat. I ALBANY PLAN! CANNING BEANS AS EXPERIMENT Wholesale rricca Grain: No. 1 whit wheat $1.40: No. 1 red wheat $1.36 (sacked. ) Meat: Top hona 16c; iowb $9.6010.60; dreued hogs lflo; top leers to: oowi $3.6008.00; bulls m4o; sprlnjr lamb. 10 Iba. and under S0tta; heavier Ho; veal 707 Ho; dressed veal lflo. Poultry; Springer 16 C 22c; light Under the direction of AV. (i. Allen, manager of the Salem limit Hrothcis cannery, the Albany can nery u worklnu on n bean mirk luu first of Its kind to be put up in i no vauey unu the pack la be ing put nut largely along expcrl mental lines to determine If i profllablo pack can bo put up hero in compete with the high grade beans from eastern mnrketa which lino shelves in western hi ores. 'J ho bean being packed Is (he refugee variety In various sizes. The pack which has been nut on bv Oregon cannerlcH before and ifl be ing used largely now by other can ncrien la of (be Kentucky Wonder bean, a large, lung. cnaiKC flbered bean. The refugees bet lie packed nrc small beans, plucked In a emnll and tender atitge, and a handful eaten out of a sain pie can coming irom A many today Indicated hat the pack Is of a most luaclous varlely. Tbero 1a no ourwtlnn about the high quality of the bean as to lis ilclielou edibility. AVhat Is to be worked out Is whether the market rail carry a bean of thin kind In a profitable manner for canner, grower and nil concerned. The bean now being imod cannot be raised on ordinary soil hero un der ordinal y conditions. Tho beans used at Albany nil are being rais ed on a stretch of river bottom land In KtiKcno formerly used for hoi. The land was worked over thoroughly, two crop of clover ralHcil on It nnd worked under and on top of that Irrigation In being used In the production of the benns The object In putting over the pack Is to determine to what ex tent the highest grade bean for lining purpose can bo raised here and ascertain if under the conditions required, n market ran be found for It to yield a return ommeiirtvirato with the labor and expeiifw involved. Mnnager Allen believe It enn be done, and If ex periments Along these llnea are HUrcMRful no doubt tho local can nery also will be used In ooinlnc yeare for development of tho benn pack. Other experiments hnve been conducted by Ma linger Allen here along the line of packing beets ami carrots. So far these never have, been handled In tho valley (on . commercial scale, but It In benevrtl profitable packs can be developed of both of these vegetable. At prwi?nt Hunt brother Is op erating on a large pear pnek the pears coming principally from the Kogiie river valley although there also are ahlpments from the llmp qun valley. It la expected the penr pack will not be quite ns Inrge at the plant as Innt year. The new grader being used on pen re for the first time this year la working with mathematical p root I on. About 400 women nre now employed In this cannery handling penr a, 3ft if ft I Effect tfa Ktlfomln, (ml Iv mow h Joui bath room tvsJl. 11 in var h i i i ti mi ynmii i in -n- i it i' y .IU lor hf book. -Col ttw Ar ht th HtM. full l hlp- IWltdeo SpM. ftofW pitntf. ofe. cuily r. WHn4 frun wftllt, jm o(t. txliow Aooi ud Hata we rows. 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