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  • oregonnews.uoregon.edu€¦ · 18 THE SUNDAY OREGONIAN, PORTLAND, JULY 30, 1922 other harbors in...
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18 THE SUNDAY OREGONIAN, PORTLAND, JULY 30, 1922 A other harbors in the Interest of saving SUBSIDY HELD NEED 18; Winnipeg, wheat 65, oats 83, barley 16, flax 5; Omaha, wheat 125, corn 66, oats 33. OJlSTiTSlliG- - A tations except In Brltlsn-Dui- lt $hip-pln- g, whereof the master and three-quarte- rs of the crew are English." , It will be noted that this was protection for the English producer" shipbuilder, ship owner and the sailor an aid designed to meet su- perior competitive conditions. It was one of the several acts on the part of England that really caused the revolution. And In the revolu- tionary war the speed of the Ameri- can built craft played a part well known to every student of American history. War Hurts Shipping. From 1783- - to 1789, when this country had no general government, shipping suffered. Great Britain controlled the West Indies and kept our ships out. Slaves died for want 5 to 34 per cent of normal; with the total number of carloads' that will be shipped from the groves ofSho country not exceeding 65 to 100. Texas may be expected-t- o product probably half of that volume. In view of the fact that pecan tress never bear heavily the year following a heavy yield a bumper crop was not expected thlsyear,' since the 1921 har- vest was large, approximately one thousand carloads of the nuts having been harvested and shipped. . At the be- ginning of the present season, however, Indications pointed to a fair sized crop in many sections and a good sprinkling of nuts in almost every section. . This prospect has been virtually shat- tered, however, by the ravages of the case bearer, worms, caterpillars, needle bugs, wet weather and other causes. - 1x6 No. St ft B, SG..' 39.00 S7.0O 89.00 Stepping t No. 2 & B 70.00 63.00". ...... Finish Ne. 2 and better 1x8 57.00 54.00 Casing and base ... 63.00 ..... Ceiling - 54x4 No. 2 &B..... 36.00 33.00 85.00 1x4 NO. 2& B 36.00 85.00 1x4 No. 3 34.00 S3.00 Drop siding 1x6 No. 2& B 40.00 35.50 38.00 1x6 No. 3 88.50 33.50 Boards and SL No 1 8 1 S. .. 17.60 13.50 15.50 lxl2-inc- h 18.00 v15.50 17.00 Dimension No. ISA K 2x4 12-1- 4 16.58 ' 14.50 15.50 Planks and small timbers 4x4 6 S 4 S 19.50 16.50 16.50 3x10-1- 2 12-1- 6 8 4 S. 22.00" 19.00 19.00 Timbers 32 ft. and under 6x6-Sxl- S 4 S 21.00 19.00 Lath Fir ...'.... 5.00 4.25 ' Oils. . LINSEED OIL Raw, In barrels. $1.10; cans, $1.25; boiled In barrels, $1.12; cans. $1.27. TURPENTINE In drums, $1.55; five-gall- cans, $1.60. WHITE LEAD kegs, 12 4o per pound. : GASOLINE Tank wagons ana Iron barrels. 26c; cases. 87c LIVESTOCK .QUIET AT WEEK'S CLOSE Only One Loadf Valley Lambs Received . at Yards. The iivestock market closed quiet, without change In prices. A- - load of valley lambs was the only arrival. There were 272 head in the lot, and they sold at $11 off the cars. These lambs aver- aged 71 pounds: Prices quoted at the Portland Union stockyards were as follows: Choice steers $ 7.500 8.00 Medium to good steers 6.50 .7.60 Common to fair steers 4.00 5.75 Choice cows and heifers.... R.nnifit nun IN EXPORT TRADE European Business Confined to Eastern Sections. OFFER MADE TO CANCEL Prices in This Territory Held.by Wheat Men to Be Several . Cents Ont of Line.' ' . V There was no improvement in wheat trade conditions at. the close of the week. Export club held at $1.12 with only one buyer Interested and at the Merchants' Exchange all bids were' the same as Friday. Wheat business which has been done lately has been to fill previous sales. Although the' east sold 12,000,000 to bushels export during the week, the Pacific coast. bas not been able to participate in any new foreign business as prices current here, according to dealers, are 10 or 11 cents out of line. As an Indication of the attitude of the British buyers toward Pacific coast wheat, the Gray Rosenbaum "Grain com- pany is in receipt of a Cable offering to cancel the sale of a parcel of four thousand tons, buyers making an allow- ance of two shillings threepence per Quarter, which is equivalent to six and a. quarter cents per bushel. In view of Friday's wires" Indicating export sales from the Atlantio and 6iiKjl! aggregating 2,500,000 bushels, there Is T no lack of demand from Europe, there- fore the only explanation of the desire to cancel is that Pacific coast wheats are not.wanted at present values, buy- ers undoubtedly finding it to their ad- vantage to sacrifice on their purchases here and replacing at the Atlantic or Gulf at lower prices. The orient, is not making offers for wheat at prices that can be accepted and it Is. the opinion of grain men here that as soon as the few old sales have been covered that coast prices will get down to a parity with the eastern sec tions. No support is expected from the mills which also report a lack of new business in export flour.. The foreign markets were weaker! Liverpool futures closed 4c l4d. low- er and spot Australian was down 2d. at lis 9d. Buenos Aires wheat closed 1 2 cents lower. ine aany Chicago wire to the Grav- - Rosenbaum Grain company follows: Colorless market with trade larr-el-v local, finding offerings heavy on earlv bulge and becoming oversold on break, causing closing rally. Export demand unimportant. Foreign news disappoint- ing, Russia promising decidedly more grain than last year. Consider general situation against maintenance of values and believe values destined for lower level ultimately." , Eight, ears of new wheat arrived t Minneapolis yesterday. - A sample of new Marquis from Corona. R. n dry district of the state, graded No. i tk and weighed 61 pounds. Terminal receipts, in cars, were reported by the iuorunanis iixcnange as follows: Portlfl.nil . Whoa, tj T1 Saturday.: . ... .".34 5 "at" al iear ago. .... 71 81 6 Season to date., 693 8 129 27 137 Year ago 1668 24 108 68 124 Tacoma Friday 8 Tear ego 16 "j 'i '3 Season to date.. 352 3 78 5 16 Tear ago 410 9 78 7 24 Seattle Friday. IT 4 Duluth Linseed Market. DULUTH, July 29. Flaxseed. July, $2.95, nominal; September, $2.39 ii Mdj October, $2.3414 bid. ST. PAUL MAY SELL TIMBEB Plans on Foot for Sale of Washington and Idaho Lands. (By Chicago Tribune Leased Wire.) NEW TORK, July 29. Wall street' interest In the railway strike situation, as It exists over the week-en- Is cen- tered' almost entirely on a telegram, which L. F. Loree, chairman of the eastern president's conference addressed today to the New York, Pennsyl- vania and Vermont senators, protesting against President Harding's stand on restoration of seniority rights to. strik- ers "on their return to work. St. Paul's "hidden assets" in the form of valuable timber lands in Idaho and Washington have been the subject of considerable - discussion in Wall street lately because of the report that the management was planning to dispose of a considerable portion of this timber in the near future. According to offi- cials of the road the value of these timber holdings placed on the books at $30,000,000 does not represent the proportionate vaiue of the various small parcels .which are constantly being sold, as every year the increasing shortage of timber enhance the value of the outstanding supply. The recupration of the sugar industry since the beginning of the year is looked upon as one of the remarkable develop- ments in the economic world. It was not so long ago that sugar was going in the world's markets and prices were quoted below pre-w- levels. The surplus on hand was unusually large, In view of the low prlceB prevailing, and earnings of most of the prominent companies were affected to the loint where dividend suspensions were com- mon. Cuban raw sugars now are at the year's highest prices. Bankers are inclined to doubt the ca- bled news from abroad that Italy Is in the New Tork market for a $500,000,000 loan. The figure ts regarded as much too large. What is expected is financing for some hydro-electri- c works, deals which would be relatively unim- portant. The substantial increases of freight revenue over those a year ago which the New England roads have been show- ing, in spite of the coal strike, is ci-sider- highly significant in local rail- way quarters. May freight revenue at $13,094,864, for example, were the larg- est of any of the first five months, ex- cept March, when they were $14,293,33L This situation is said to be due to the inerca.ied freight loadings of product other than Aal. LEATHER PIES STEADY TANXERS TO SELIi LARGE QUANTITIES. Hides So Strong Sellers Generally Are Slow to Trade; Belting Iemlfnd Active. (Copyright, 1922. by the Public Ledger company. Published by Arrangement.) PHILADELPHIA, July 29. (Special.) Notwithstanding advances in hides, goatskins and raw calfskins, . leather continues generally steady. Some tan- ners report a slight lull in heavy leather which they ascribe to the moderate slocks now held by shoe manufacturers and the unwillingness of tanners to sell large quantities at current prices in view of the strength of the hide market. Prices are firm and advances are pre- dicted If hides continue to riBe. . Belting butts are most active. No. 1 oak butts are quoted as high as 67 cents and No. 1 curried butts have been sold at 86 cents. Findings are quiet, partly because of seasonal conditions and also because of the number of buyers absent at the annual convention in Boston. Hides are so strong that sellers gen- erally are slow to trade. Offers of 19 cents for July native steers have been made and 1814 cents for the same de- scription has been refused. Country ex- tremes of the 25 to selection, from 10 to 15 per cent, grubby, are sold at 14 cents. The earns grade, free of grubs, have brought as high as 15 cents. New York city calf- skins, from 9 to 12 pounds, are offered at $3.15. and $3.50 Is asked for 12 to kips. Calfskin leather is steady. Tannera predict early advances in men's weights because of the higher costs of raw stock, but such a change is not expected to extend to women's weights soon. Kid-sk- in is fairly active and firm. Inquiries for browns are increasing. Prices are firm and are expected to rise for the sam reason as calfskin. Demand for goatskins is active, but tanners are reluctant to pay the prices asked by foreign shippers. Indias and Chinas are seasonally Inactive. Prices for Santlagos being quoted at 43 to 46 cents, show a wide range. , The Leather Belting Exchange re- ports the sales last month as 430,668 pounds for I702.R48. Revised sales in May total SMS, 686 pounds, valued at $635,891. Sales In June. 1921. totaled 300,109 pounds for $538,8114. PRE-WA- R EXPORTS EXCEEDED American Foreign Trade on Basis ot SS Per Cent Above 1913-1- 4. (Copyright, 1022, by the Public Ledger Company. Published by Arrangement ) : WASHINGTON, D. C, July 29. (Spe- cial.) The American export trade is on a basis 89 per cent greater than in the pre-w- period, according to official re- ports Just received by the department of commerce. To exporters, manufacturers, farmers and other groups of business men whose products move abroad, this means an in- crease of $1,405,000,000 In value of busi- ness done in foreign markets. More than 13.770.000 nnn (, American goods moved abroad dnrln the 12 months ended with June, accord- ing to the official report of the d.nan. ment. The value of shipments durlnj mo vuiiespuiiuing penoa J.SU3-1- 4 was less than $2,365,000,000. Secretary Hoover and nth.. of the department emphasize that the only reliable method of estimating 'the condition of the American export trade is through comparisons of the present with the pre-w- ar period rather than by comparisons with last year. From 1918 to 1021 buying throughout the world was on an Inflated basis. The United States leads all otb.i. na tions In the value of export trade, com- pared with pre-w- standards, Secretary Hoover shows In a recent analysis. No other nation Is enjoying a trada ti.h shows a percentage of Increase over 1913 equal to the United States. COTTON FUTURES LOWER AT CLOSE Professionals Disposed to Go Slow on Buying Side. (By Chicago Tribune Leased Wire ) YRW VflRV T,,l. 1ft- - mu V J' ""'- - cotton mar ket sold higher, then lower in today's Short Session. Thn nnAnn .... 8 points. Trading was mostly nrnfa.- - sional and there was a disposition to go slow on the buying side. There were re- - nnrta rxt un mu Kaoi. J .. ' m tno soutnwest, due to an early movement of new crop cotton. There also was some Wall street selling on the weakness In foreign ex- change. Additionl poor crop advices however, appeared to have been dis- counted. It seemed traders were dis- counting the possibility of a high gov- - ............. i ueatiay. Tne list sold off in the second hour, and closed 5 to 9 points net lower. . Spot was quiet, 5 points decline, 2L70 for middling upland. Southern spots were: Galveston 21 95 unchanged; New Orleans, 21 60 un- changed; Savannah, 21.60, unchanged- - unchanged; Little Rock, 21.50, unchanged! NF1W VOTJTT .TnW do . . - ' .unun xutures opened steady. October. 21.55; December jauuaiy, i.jju; March, 21.25; May, Cotton futures closed barely steady October. 21.42: December at as- - t.. nrv. 21.81 ; March. 21.1 Mv" "in: .. 3 B .. 10 113 31 93 132 16 129 uvea and protecting health. The French steamer Texas at the Har vey dock loading timbers for Europe, at tracted considerable attention yesterday from passers-b- y on the Burnside street bridge. Some of the timbers are being loaded from the water and for the first time many have gained an idea of the work of longshoremen in stowing the big sucks aboard. Mllo Hoadley, first assistant superin- tendent of the 17th lighthouse district. has returned from Tsquina bay after passing on the site and plans for a dwell-i- n for the use of the lighthouse keeper. The Dutch steamer Eembrk of the Holland-America- n line reached the river yesterday from European ports via Cali- fornia harbors and Puget sound. She has a light Inward freight list for Portland delivery and will take aboard some cargo for the other side of the Atlantic, though being between seasons as concerns the cereal traae the ship will be limited. The steamer Georglna Rolnh of the McCormick line got away yesterday for Ban irranclsco and San Pedro witn. gen- eral cargo and lumber, while the Annette Rolph, sister ship and fleet mate, was scheduled to pass out of the Golden Gate on her way here. The steamer Johann Poulsen, laden with lumber for San Pedro, was dis patched yesterday from Westport. The shipping board steamer Memnon, which is working her first cargo as she was tied up soon after being completed, worked the last of the Portland cargo awaiting her for. South American ports and sailed yesterday. She is under the flag of the General Steamship corpora tion. The American - Hawaiian steamer Ohioan, bound for North Atlantic coast harbors, left Westport for sea last night H. L. Hudson, manager of the port trarnc Bureau, returned yesterday from Seattle, where he attended 'a convention of northwest apple growers. STEVEDORE BATES FIXED SHIPPING BOARD SCHEDULES EFFECTIVE TUESDAY.' Some Firms Object to Certain Features of Agreement, But Main Points Accepted. Schedules compiled by a special committee of the shipping board covering stevedoring charges and conditions at Portlands and other points between this harbor and the sea, have been signed by some stevedoring firms and become Tuesday. Compared with charges under which government vessels have been worked during the last year a part of the schedule is said to be lower, while some items are higher. One provision that is held by stevedores not to be equitable calls lor ships being rigged and unrigged for loading and discharging at the expense of stevedores. It Is con- tended that there are times when vessels arrive with Portland cargoes in all holds, so each must be rigged, hatches removed and other prepara tory work done, though there may be a relatively small amount of freight to. handle, the schedule covering, which may not compen- sate him for work entailed. All cargo will be handled under a short ton basis, 2000 pounds. It is included in the statement of conditions that the stevedores. carry insurance protecting the govern ment against liability to the public for the injury or death of any per- son, in the sum of $10,000, and $20,000 for the .injury or death of any number of persons in a single accident; liability arising under the workingmen s compensation act in the sum of $10,000 for any one em ploye, and $20,000 for more than one employe. On overtime and legiti- mate ship's' work cost, plus 12 per cent, is allowed, overtime to be billed on the difference between that rate and the straight time scale and according to the wage agreement prevailing. The shipping board assigned a committee to go into stevedoring charges at the principal ports on both coasts, and in the gurf, during the spring and the schedules are the result of its recommendations. Portland stevedores compiled a lengthy statement at --the time and suggested changes in over-charg- proposed in the committee's tabu- lations, a few of which are said to have been adopted. Not all steve- doring' firms engaged here work shipping board carriers. UNDAUNTED REACHES CAPE TOWN IN 114 DAYS. New Steam Craft Under Way at Peninsula Plant to Be Launched in Fall. Completing a passage of 114 days, which is reckoned as creditable for a new ship and one of her type, the schooner Undaunted Is reported as having reached Cape Town from the Columbia river Wednesday. ' She is operated by the Hart-Woo- d Lumber company as managing owners and Portlanders hold considerable stock individually. The record between the river and the South African port is about 87 days for Bailors and passages extending to 140 days hav been made, so it Is figured the run of the Undaunted can be classed with the average. , The vessel was, laid down as a steamer, having been one of twp hulls remaining on the ways at the Grant Smith-Port- er y,ard when the armistice was signed. In finishing her G. F. Matthews, now of th Peninsula Shipbuilding company, and associates taiade changes calcu- lated to add to her qualities as a windjajnmer, and the result of her first run is said to have proved their work. Her future movements ar not definite, there being charters under consideration, one of which may bring her home by - way of Australia. A new steam schooner Under way at the Peninsula plant, which is to be added to the coast fleet under the flag of the Freeman interests, has advanced to a stage where a portion of the ceiling has been placed and other work will .be car- ried along so she can take the water In the fall. Log 'Raft Breaks Away. ABERDEEN, Wash., July 29. (Special.) A raft of logs recently brought down from the Quillayute river broke away from a tug which was towing it to the Wilson mill this afternon and jammed under the A. J. West bridge. Ther extent of the damage was not determined. Chicago Potato Market. ' CHICAGO. July 29. Potatoes firm on barrels, about steady and sacks receipts 83 cars. Total United States shipments, 652 barrels; East Shore Virginia Cob- blers, $2.8008.10; Kansas sacked cob- blers, $2.803.10; Kansas sacked cobblers $1.151.25 cwt; Early Ohios, sacked, 75 85c cwt. ; Minnesota sacked and bulk Early Ohlos, $11.10 cwt Chicago Oil Market. (By Chicago Tribune Leased Wire.) CHICAGO, July 20. Gasoline tank wagons, 21c; service stations, 23c: ma- chine, 27.9c. Oil, summer, 11.4c; winter, 11.8c Carbon perfection, Iron barrels, 1014c. Linseed jH, raw, 1 to 4 barrels de- livery, $1.03; boiled, $1.05. Turpentine, $148. Denatured alcohol, 40e. Sugar Market. II BUILDING FLEET Merchant Marine Declared Cost to All Nations. SPECIAL AIDS REQUIRED Every Country Said to Have ' Given Help in Development of Its Own Shipping. Is America destined to regain her lost position as a maritime nation? Will the American flas once more float over veS' sels carrying the products of American initiative and industry to the lour cor ners of the globe, as they did In bygone days? These are questions that are arousing greater interest every day and because the American people are begin ning to think'of all forms of transpor- tation to a greater degree than ever--b- fore. The Sunday Oregonian has arranged to print a series of seven authoritative articles on Amertsa s shipping problem, ach article written by a commissioner Of the United States shipping board and ach article dealing with a separate phase of this problem. The first of the series was written by Commissioner Edward C. Plummer of Maine. Mr. Plummer has followed the sea. since his boyhood and is saturated with ail the maritime traditions of born "Down Easter." In this artiole Mr. Plummer gives a brief outline of the history of various forms of aid America baa given to her shipping. BT EDWARD C. PLUMMER. Commissioner of the United States Ship- - ping Board. - - It is an historical fact that every nation which has had a real mer chant marine has paid for It in some form or another. Sometimes that payment- - has taken the form of cheap labor, in which event the la- borers have borne the burden. Some- times it has taken the form of cheap coal and cheap ore. in which event tne coal and ore, in which manu facture of ships when these prod- ucts might have been sold else- where for cash and the cash, spent on other things. Upon other oc- casions the payment has taken the form of a subsidy, a subvention, a bonus or a discriminating customs duty in favor of the home-bui- lt or home-operat- ship of the nation which' desires to maintain its own national service on the high seas. In almost every, instance the na- tion offering- special aids to shipping has done bo to meet some handi- cap Imposed upon it by certain nat- ural or economic resources possessed by other nations. One nation may have cheap coal and cheap ore. It can build steel ships more cheaply than the nation not possessing these resources. Cheap Labor One Cause. 'Another nation might have cheap labor, due usually to overcrowded population, which finds Its outlet in going- to sea and working cheaply. Other nations, lacking one of all of these assets and desiring to be In- dependent in the transportation of its own products, does something to overcome them. After all, when it is shorn of Its economic or political verbiage, a ship subsidy or any other special aid for ships is as simple In Its basic features as the question which confronts a farmer or a manufac- turer when he is some distance from his market. The farmer produces his crops to : sell. The manufacturer makes his goods, to sell. If he is so far from his market that the mar- ket will not come to him, he must add to the general cost of his op- erations transportation facilities of his own to see that his products are taken to the market. .The details of this phase of the American shipping problem will be discussed in subsequent articles in this series by other members of the shipping board and in my contribu- tion to the general effort to bring home to the American people the practical needs of the present situa- tion I shall confine myself to a simple review of what has been done from time to time and what ii being done now in the way of national aids to shipping. Subsidy la Discussed. There has been some criticism of the use of the word "subsidy" on the ground that the American peo- ple are opposed to subsidies; that they do not like the sound of the word. This argument does not im- press me greatly. The American peo- ple are essentially hard-heade- d in spite of the undeniable fact that they are at the same time sentimen- tal. They because they love right for right's sake. ' But when, because a thing is right, they set forth to do it, they at once become essentially practical and in- sist on throwing sentiment aside while the actual Job Is being done. The, present Job of feeding the famine-s- tricken Russians is a case in point Sentiment caused us to ap- propriate $2 0,0 00,000 for the work. Hard-head- ed business sense caused us, tinder the- direction of Secretary Hoover, to put the best men we could find; at work on the distribu- - - tlon and do it in. the best business .method possible., t ! Sound Reasons Wanted. '" ; So with the ship subsidy problem, the American people must first - knww that It is rlgnt to have a subsidy and then they must know that a subsidy la practical, that there Is sound reason for It and that there will be sound administration of it; Before getting into the details of the Question It would be well to take a brief glance at what has been done in this field from time to time. Soon after the settlement of the Iew World began, the necessity of owning and operating their own ships was borne In upon the Ameri- - can people. In .1607 the Popham pio- neers built the little ship Virginia, whose trans-Atlant- ic voyages be- came famous. The Pilgrims soon sound it unwise to trust the cargoes, yhich, to them, were priceless, to foreign vessels, and consequently they established the first aid to Shipping by exempting shipwrights from military service. That exemp- tion was a bounty which could not be measured in money, for it took : from the fighting forces men who Were sorely needed and exposed those not exempted to even greater dangers, but It was a necessary sac- rifice and the Pilgrims paid the p.rice willingly. t Ships Built at Once.. f As goon as the Puritans had built houses enough for their shelter they turned at once to the construction of ships, and, in 1641, Rev. Hugh Peters, later one of Oliver Crom- well's aides, built a 300-to- n vessel, which was one of the great ships of her day. This ship was the fore- runner of others that eventually gained us such prestige In the West Iwdia-- i trade that Great Britain had to fake steps to meet the advantages ye had gained. And this within 30 years-aft- er the Pilgrims had landed. '. In 1663 a law was passed in Engl- and- which proclaimed that "no commodity of the growth, produc- tion or manufacture of Europe shall be imported Into British-pla- n LOSSES AT CLOSE RANGE VP TO OXE, CENT. Prospect of Railroad Strike Set- tlement and Lack of Outside ' Interest Weaken Prices, ' i- CHICAGO, July 29. Talk of settlement of the railroad strike and absence of outside Interest led to downturns today in the price of wheat At the finish wheat was down 14lc with September $1.07T4 L08 and December, $1.1091.1014; corn declined 114e, oats were unchanged to 14 o off, and provisions 2 14 150 higher. Trade in wheat was light and the ton weak. Absence of outside Interest and the call for a peace meeting among the cnalrmen or the shop crafts in Chicago, following the proposal of President Hard ing m an effort to end the walkout!' were the princlDal factors. Almost all the ac tloa in the wheat trade occurred dhring the last 30 minutes, the fluctuations be? fore that time being confined to a nar row range, but moderate selling by hedgers and local longs caused a break of more than a cent in a few minutes' time. A big eastern house picked up wheat and a rally ensued to tire early high point, but a little reaction toward the finish carried prices down. Receipts of wheat here were 400 cars and deliv- eries on July contracts were 310,000 bushels. ' Trading In coarse grains was dull prices being weak with wheat. Rains over the corn belt were much needed and the forecast for more moisture over Sunday was a depressing factor in the corn market. Provisions were strong In line with nigaer hog values. The Chicago grain letter received yes terday by the Overbeck & Cooke com-- J Wheat Trade was small and the market fluctuated In an Irregular man ner on evening up of contracts over the week end. At one time prices declined sharply on scattered liquidation, but immediately recovered the losses when shorts attempted to cover. Uncertainty as to the disposition of July contracts on Monday undoubtedly had much to 00 with the Indifferent attitude of the trade In general. Receipts of 400 cars In Chicago met only a fair demand and premiums were a shade easier. Export trade was less active than for the past eeveral days, but this was regarded as the usual Saturday lull, and It is ex- pected that renewed buying will take place next week. With an early set tlement of the rail and coal strikes in prospect we look for a return of confi- dence and a better market, especially If exporters continue buffing as they nave been for the past week. Corn The action of this market was very similar to that of wheat, prices receding, due more to lack of trade than to any conspicuous pressure. Local receipts were small and the cash market again had a relatively firm tone. Only a moderate amount of export business was confirmed today, but there is no evidence that this urgent foreign de- mand has yet been satisfied. Crop re ports remain generally favorable, except from certain sections of the southwest where there has been some deterioration due to hot, dry weather. We see no reason to aband-o- our bullish attitude. Oats This market was utterly devoid of feature and closed with no Important change In price. The cash demand was steady at yesterday's basis. Crop re- ports indicate considerable Improvement in tne past two weeks. . Rye Persistent hedging pressure and lack of buying except in a small way by rne seanoara caused weakness In fu tures. Cash rye was nominally steady at yesterdays basis to a shade lower. Leading features ranged as WHEAT. Open. High. Low. Close, July"... tl. If) 51.114 $1.10 $1,101,4 Sept. ... 1.0714 1.0814 1.06T4 1.07T4 Dec 1.10 1.101J 1.0914 1.10 CORN. ' Julv .63 .63 4 .63 .63 Sept. .63 .6314 .6314 .6314 Dec. .59 li .58 J OATS. July .S2T4 .3314 - .S24 Sept, .3414 M .3414 Dec .3714 .37V .37 8714 LARD. Sept .11.35 11.47 11.35 11.42 Oct . .11.45 11.52 11.45 11.50 SHORT RIBS. July 10.75 Sept 10.87 Ca?h prices were: Wheat No. 2. $1.1114 91.12; No. hard, $1.131.13i. Corn No. 2 mixed, 656514c; No. 2 yellow, 6546514c. Oats No. 2 white, 3614 39 c; No. 3 wnue, a to 30c. Rye No. 2. R08114c. Barley 57 61c. Timothy seed $4K. Clover seed $1218. Pork Nominal. Lard 11.3T. Ribs $10.25 11.25. Grain Pit Notes. (By Chicago Tribune Leased Wire ) CHICAGO. July M. Lecount wired Stern & Alstein company from Crookatnn. Minn that thm,u ,1.- -. rltory wheat and oats are splendid. Soma 1 iiw u narvesiea. Jackson Brothers & Co.'s crop expert the crop from New Rockf'ord to Minot auu around rtugoy is very good. The trade Is looking for a private cron Mnnrl .i , UnnJn. .- . , bushels more wheat and about 200,000 000 ...an. me government figures. A lake carrier paid $11.50 a ton for coal Friday. At th rate the carriers that tha lab. . t , ia.iv Vn grajn Irom Chicago to Buffalo and Georgian Bay FamlnA In rh Vnlw, i,0iia;, i n . said to be over. The wheat cron was estimated at 185.000.000 to 375,000,000 ...o .... ,.,L ,t.ar , a state ment to Secretary Hoover at a confer- ence with Colonel Haskell of the Ameri- can relief Wheat shipments from Australia for tha fir a air ywrf- - (10 ff AAA i. 632,000 bushels, the previous week, since January 1 the aggregate was 70,728,000 bushels. Cash Grain Markets. Furnish., hv a "" Portland. MINNEAPOLIS, July 29. Wheat, No. dark northern. $1.36 1.48 ; No 3 dark northern tl 91ii Ati sk . . $L29htKi:s9: 3 orth;ra; wi" yellow, OS4l&i9c Oats No. 8 white, 2014 31c Barles 14 50c. ST. LOUIS Julv 20 t-- t. n j, $J10L11!4; No. 3 red, $1.07I.'o814. ' Corn No. 2 mlxpd v. low, 6514c. Oats i:o. 2 white, 36 36 He: No 3 white. 3514 36o. KANSAS CITY. Julv 29 Wh..i v. S red, $1.031.04; No. 1 red, $1.05 1.10; No. 3 red, $1.031.14; No. 1 hard. $1.05(g1.16; No. 2 hard, $1.0301.08- - No. 8 hard, $1.021.20. Oats No. 3 white, 84c. ' Corn fo. 2 mixed, 58c. Grain at San Francisco. ' SAN FRANCISCO. July 29. What Milling; $L921.95; feed, $1.851 90 Barley Feed, $1.1714L20; shipping, $1.25 1.35. Oats Red feed, $1.601.70. Corn White Egyptian, nominal: red mllo, $1.901.95; yellow, $1.501.55 Hay Wheat, $1517; fair, $1315; tama oat, $1416; wild oat, $1012- - al- falfa, $13(315; stock, $911; straw, nom- inal. Seattle Grain Market. SEATTLE, July 29. Wheat Hard white, $1.16; eoft white, white clubi hard red winter, soft red winter, northern spring, $1.15; eastern red Walla, $1.12; Big Bend bluestem, $1.25. Feed and hay unchanged. Winnipeg Wheat Market. WINNIPEG, July 29. Cash wheat. No 1 northern, $1.3614: No. 2, $L28 ; No. 3. ti.2i; No. 4, $1.05; No. 5, 8454c; No. 6, 84c; feed. 74 o. Futures July, $1.31?4; October. $1.1354; December, $L1054. Minneapolis .Wheat Futures. MINNEAPOLIS, July 29. Wheat July, $1.3614; September, $1.1494; Decem- ber, $1.11. Carlot Grain Receipts. CHICAGO, July 29. Carlot receipts: Minneapolis, wheat 245, corn 17, oats 46, rye 65. Kansas City, wheat 425. corn 16. I oata 13. Duiuto, wheat 26, corn 45, oats. of salt fish .and other foods which the Americans had brought to them, but, in spite of that, the British pro hibition against the use of American ships in that trade was not lifted. This attitude led the West Indian planters to connive at smuggling by the Americans. On July 4, 1789, congress passed-- l one of the first important acts to aid American shipping, an act which Iwillllllllllliipillllllffl Edward C Plummer, commissioner of the United States shipping board. was followed by other acts fixing discriminatory duties which were, In effect, a bounty of 44 cents a ton paid every time an American ship entered an American port. This, with the preferential tariff duties. developed the American merchant marine at a rate never equalled before or since. Ten years after the government granted the first aid we had one ton of shipping In the foreign trade to every eight of our inhabitants. Subsidy Laws Reviewed. An excellent historical review of what America has done in the mat ter of assistance to its shipping is contained in the July issue of The Congressional Digest, on pages 5 and 6, under the heading, "Ship Sub sidy Legislation In American His- tory." In the meantime other nations In modern days have resorted to va rious systems of aid. England, with her coal and Iron at hand and her cheap labor and dense population, which drives her people to the sea, has made use of various forms of postal subventions to aid her fast passenger ships, and has always shipped her troops to and from India In private owned vessels instead of In army transports. In other ways she has given guar antees of business to certain types of vessels in order that they might be running and ready for the occa sional needs for which they were de signed. Germany, Italy and France have all had construction bounties of one kind or another. Japan, until recently, had to have her ships built abroad because, on account of her lack of coal, she could not make them cheaply. Now she has Chinese coal fields and these, with her cheap labor, plus her navigation bounties, have started her on the way to be- coming a great shipping power. American F!eerNeeded. The point of ship subsidies is that each nation has resorted to them In one form or another whenever they were necessary to Insure her having control of the shipment of the goods she intended buying and selling abroad. The circumstances in which America now finds herself make it necessary for her to nave an ocean carrying fleet under her own flag and to do this a subsidy is necessary. WRECK WIMi BE REMOVED Sunken Welsh Prince Obstruction Officially,. Not Actually. In connection with, bids being asked for the removal of the wreck of the Briiish steamer Welsh Prince, lying at Altoona, various unexpected questions have been asked of at- taches at the office of Major Park, corps of engineers, U. S. A., and one yesterday was as to why the wreck was held to be an obstruction to navigation when vessels were pass- ing around it at a distance of 500 feet and that the specifications pro- vided for a maximum of 360 'days in which to get it out of the way. As part of the wreck lies on the range which marked the part of the channel traversed before, it Is held an obstruction, inasmuch as it is aimed! to restore the former direct route there If possible." While there Is abundant water between the ves- sel and the Washington side,' the vessel is officially rated as an ob- struction. Notice to Mariners. The following affects aids to naviga- tion in the 17th lighthouse district: Columbia river Baker bay buoys 1 and 2, temporarily discontinued July 22. Welsh Prince wreck light tempor- arily established July 22 pending action on the removal of the wreck; a white post lantern light of 60 candlepower shown at a height of 15 feet from a davit on wreck about 00 yards from the stern. On account of portions of the wreck being submerged vessels are cau- tioned not to approach within about 80 yards of this light. Westport crossing light reported car--rle- d away was replaced. Float struc- ture temporarily marking position will be removed without further . notice. Fisher island light reported carried away was replaced July 18. Slaughters bar light No. 3. reported carried away was replaced July 18. Cascade locks float light reported temporarily discontinued was replaced July 8. Grays Harbor Whitcomb flats bell buoy 8, reported carried away was re- placed July 18. i- . Umatilla reef light vessel replaced on station July 20 and relief light vessel withdrawn. s Puget sound and adjacent waters Portage bay range rear light reported carried away July 16. will be replaced as soon as practicable. Webster point light reported extinguished July 13, was relighted July 14. By order of the bureau of lighthouses, ROBERT WARRACK, Supt.. 17th Lighthouse District. Marine Notes. In connection with Information de sired by Grays Harbor authorities as to tne system ana methods or the harbor patrol, as it is contemplated to estab- lish such a force there, It Is recalled that the Portland regulations have been asked for by gome of the larger coast cities. While there have been rules enforced hers to which skippers at times objected, some of them have been adopted at LOWER BUTTER PRICE LOOKED FOR Unsatisfactory Demand for Cubes at Close. . J ' The week closed with an" unsettled feeling in the butter market and gen- eral belief that prices will be longer in the coming week. Local creameries, however, will be governed in their ac- tions by the course of the market at Seattle. There was only hand o mouth buying of cubes yesterday and no. out- side business was reported. The surplus was stored. Eggs were also slow with the course of the market uncertain. . Poultry and meats closed at un- changed prices with a weak Undertone. . Bank Clearings. ; -- "."' Bank clearings of the northwestern cities yesterday were as follows: Clearings. Balances. Portland $3,643,187 $ 499,677 Seattle .. . 4,777,799 - MH.218 Tacoma ; 2.447.OC0 Spokane 1,263.237 467,078 Clearings of Portland, Seattle and Ta- coma for the past week andt correspond- ing week in former years were: Portland. Seattle. Tacoma 1922.. $27,551,945 $29,768,508 '$14,082,000 1921. 23,133,066 23, 823,l 2,5?7,74 1930. 30.760..O34 31,677,337 4,148,424 1919. . 26,393,321 39,327.157 4,254.218 1918. . 21,6S7,6.i6 34,641,160 4.367,587 1917. 13,120,026 19.3flfl.201 2,555.174 1016. 10,7!l3,&i-- 13.625,778 2,030.440 . 9,ftOO,8,1 10,971,334 1,683.134 :14.. fl,OS,174 ll,118.a7 1.94,606 1913.. 10,724,862 11,789,262 2,403,026 Transactions. Local Peaches Plentiful. Melons and cantaloupes sold well yes- terday at steady prices, but did not clean up. Oregon peaches were in good sup- ply with most of them running to small sizes. Receipts of apricots were limited and prices were firm. One first car of Sebaetopol Gravenstelns is due Tuesday. PORTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc. Merchants' Exchange, noon session. Wheat Julv. Aug. Sent. Hard white $ 1.10 $ 1.10 $ 1 10 Soft white 1.08 1.08 1.08 White club 1.08 1.08 1.08 Hard winter 1.08 1.08 1.08 Northern spring ' 1.08 1.08 1.0S ttea walla 1.05 1.05 1.05 Oats No. 2 white feed 36.00 35.00 33.00 No. 2 gray 34.00 32.00 31.00 Barley Brewing 28.00 28.00 28.50 Standard feed 26.50 26.50 27.00 corn. No. 2 E Y shipment. . 30.00 29.50 29.50 FLOUR Family patents, $8 per bbl.; whole wheat, $7; graham. $6.80: bakers hard wheat, $7.80; bakers' bluestem pat- ents, $7.60; valley soft wheat, $6.25; straights, $6.35. MILLFEED Price f. o. b. mill: Mill-ru- ton lots. $34; middlings, $41; rolled barley. $37 39; rolled oats, $43; scratch feed, $40 per ton. CORN White, $37; oracked, $39 per Ion. ' HAY Buying price f. o. b. Portland: Alfalfa, $1616.5 per ton; cheat, $14; oats and vetch, $17; clover, $15; valley timothy, $18; eastern Oregon timothy $21 22. Butter and Country Produce. BUTTER Cubes, extra, 38c per lb.; prints, parchment wrapped, box lots, 46c; cartons, 47c. Butterfat, 4647e deliv- ered station; buying price, A grade, 44c. . EGGS Buying price: Current receipts, 1920c doz. ; henneries. 2223c doz. Job- bing prices: Case count, 2122c; candled ranch, 25; selects, 28c. Association selling prices. Selects 29c; browns, 28c; firsts, 28c; pullets, 24c. CHEESE Tillamook Triplets, price to jobbers, f. o. b. Tillamook. 26c; Young Americas, 27c; longhorns, 27c pound. POULTRY Hens, 1221o lb.; broilers, 1820c; ducks, lo22c; geese, nominal; turkeys, nominal. - VEAL Fancy, 1313i4c per pound " ' PORK Fancy, 15i16c per pound. Fruits and Vegetables. laical Jobbing quotations: ' ' FRUITS Oranges, Valencia. SS810.50 per box; lemons, $78.50; grapefruit, $;8 box; bananas, 8Vi9c lb.; cantal- oupes, $1.25(i2.25 crate; cherries, Slc per pound; peaches, $1 $1.75 box; apricots, $1.502.25 per crate; plums, $1.50S,2.25 per box: watermelons, 2c per pound; casabas. 4c pound; new apples, $2.503.75 per box; blackberries, $2.40 per crate; pears, $3.503.75 box. POTATOES New, 2 V4 2 c per pound ; sweet potatoes, eastern, $1.75 per crate. ONIONS Yellow, $2.23 sack. VEGETABLES Cabbage, 2143o per pound; lettuce, $1.602.50 crate; garlic, 15 20c per pound; green peppers, 20, 2fc per pound; tomatoes, 50 75c per crate; cucumbers, $1 per box; green peas, o10o pound; beans, 5llo per pound; green corn, 4O&00C dozen; egg plant. 12 15o pound; summer squash, 7Sc pound. Staple Groceries. Local Jobbing quotations: SUGAR (sack basis) Cane, granulat- ed, 7.S0C pound; beet, 7.60c per pound. NUTS Walnuts. 1535c per pound; Brazil nuts, 17ij19c; almonds, 214 26c; peanuts. 10 11c per pound. RICE Blue Rose, 7c pound; Japan style, 6106.25c per pound. COFFEE Roasted, bulk, in drums. 20 39 He per pound. SALT Granulated, bales, $2.603 65; half ground, tons, 50s, $17; 100s, $16. DRIED FRUITS Dates, 14c pound; tigs, $l.i)02.75 per box; apples, 13c per pound; peaches, 18c; prunes, 14 16c. BEANS Small, white, 8o; pink. 6c; bayou. 61c; red, 6c; lima. 11c per pound. Provisions. Local Jobbing quotations: HAMS All sizes, 3336c; skinned, S8c; picnic, 18c; cottage roll, 25c BACON Fancy, 3844c; choice, 29 3c; standards, 2426c. LARD Pure tierces, 14c pound; compound, tleroes, 14c DRY SALT Backs, 2033c; plates, 18c. Hides, Hops, Etc. HIDES Salted hides, under 45 pounds, 89c; salted hides, over 45 pounds, 78c; green hides under 45 pounds, 78c green hides, over 45 pounds, 67c; salted bulls, 67e: green bulls, 56c; salted or green calf, under 15 pounds, 12 & 13c; salted or green kip, 16 to 30 pounds, 910c: hair slipped hides and skins, half price; flint dry hides, 11 12c; flint dry calf, under seven pounds, ll12c; dry salted hides, 89c; culls and damaged, half price. Green or salted horse hides, $23.each; colt skins, 50c $1 each; dry horse, 7oc$1.25 each. PELTS Dry sheep pelts, long wool, 1820c; dry sheep pelts, short wool, 9 10c; dry sheep pelts, pieces, 910c; dry sheep shearlings, no value; salted pelts, long wool each, $1.50 2; salted pelts, short wool each, 75c $1; salt spring lambs pelts, each 75c$l; salted shear- lings, each 10 20c; salted goats, long hair, each, $12; salted goats, short hair, each, 50c $1; dry goats, long hair, per lb., 10 12c; dry goats, short hair, each, 25 50c; goat shearlings, each 10 20 cents. TALLOW No. 1. 55c; No. 2 4U 5o per pound; grease, 3 4c per pound CASCARA BARK New peel. 6c per pound;- old peel, 7c per pound. OREGON GRAPE Grape root, 6c per pound. HOPS 1921 crop, nominal, l?15c per pound; contracts, 15c. WOOI.. Eastern Oregon, 2639c per - .' -' ''n.1 h?' 1. 30 35c; three-eight- blood, 3032c;' quarter-bloo- 26 27c; low quarter and flftffil22p.: matted. 161Kv - MOHAIR Long staple, 3032c. deliv ered Portland; short staple, 25 27c; burry, 2022c per pound. GRAIN DAua uar ioxs, xuftc, coast. Lumber. The folloxvins .ct quotations on Douglas fir and represent approximately prevailing f. o. b. mill prices in car lots and are based on oraers tnat have been negotiated. Pre vailing Flooring High. Low. Price. 1x4 No. 2 VG...". ..$52.00 $47.00 $49.00 1x4 No. 3 VG 42.00 41.00 1x4 No. S& B, 6G. 36.00 84.00 36.00 Medium to good cows, heifers . 4.50 5.00 r air to medium cows, neilers 3.50 4.50 Common cows S.OO 8.50 Canners 1.50(9 8.00 Bulls 3.00 8.50 Choice dairy calves. 7.BU 8.00 Prime light calves 7.00 7.50 Medium to light calves.... 6.00 7.00 Heavy calves ' ' 4.00 6.00 Hogs Prime light 11.7512.25 Smooth heav, 200 to 300 lbs. 10.50 11.00 Smooth heavy, 300 lbs. up.,. B.0010.50 Rough heavy 8.0010.00 Fat pigs ,1X60 12.00 Feeder pigs .11.76 12.25 Stags, subject to dockage... 5.00 8.00 Sheen ... East of mountain lambs.'. 10OO11.00 Choice valley lambs....'.'. 9.00 10.00 Medium valley lambs 8.00 9.00 Common valley Iambs..... 6.00 8.00 Cull lambs 5.00 6.00 Light yearlings 6.50 7.50 Heavy vearlinera K Kft fin ft Light wethers 5.50 6.50 Heavy wethers 5.00 6.50 Ewes ; 2.00 5.00 Chicago Livestock. Market. CHICAGO. July 29. (U. S. Bureau of Agricultural Economics.) Cattle: Re- - ceipts, 1500. Compared with week ago, beefs steers 10 to 25 cents lower, grassers showing most decline; top beef steers for week, $10.80; top yearlings, $10.50; she stock practically unchanged;- grades beef cows and heifers weak; can- ners strong; bulls largely 25 cents lower; veal calves 25 to 50 cents higher; week's bulk prices, beef steers, $3.5010; stock-er- s and feeders, $3.506.50; butcher she stock, $57.25; canners and cutters, $3 $3.75; veal calves, $9.259.75. Hog-- a Receipts 6500. closing moder- ately 15 to 20 cents lower; about steady to 10 cents lower than Friday's average top; $1060 early; practical top late, $10.40-- ; bulk, $8. 10 10.40; bulk good butchers, $9.75 10.4O; mixed and pack- ing hogs 10 to 15 cents lower; spots 75 cents lower than Friday's good time. Holdover moderate. .Pigs dull; heavy, $9.6O10.10; medium, $1010.4O; light, $10.3510.50;- light lights, $10.2510.40; packing sows, smooth. $88.65; packing sows, rough, $7.50S.10; killing pigs, $9.50 10.40. Sheep Receipts 1O0O; market steady, compared with week ago fat native lambs strong to 75o higher; westerns steady to 10 cents lower; cull natives 50 cents higher; westerns steady to 15 cents low err; cull natives 50c higher; light sheep steady; neavies 2o to 50 cents lower! feeder lamba 35 to 50 cents lower; week's Dum prices, native lambs. $1212.60 western, $12.5012.85; fat ewes, $3.507 feeder Iambs. $11.60 12.30; cull native lambs, $8.8.50. Kansas City Livestock Market. KANSAS CITY. Mo.. July 29. fTT. S. Bureau of Agricultural Economics.) Cattle Receipts 900: for week beef steers ana sne stock 2a to 7d cents ow-- r; top steers, $10.50; canners steady: cut- ters big quarter lower, calves strong to 75 cents lower; stock calves mostly steady; stock cows and heifers mostly 15 to 25 cents lowers. - Hogs Receipts 500; fairly active, to packers, steady to strong; bulk desirable 175 to 225 pound weights, $9.759.95; bulk sales, $9.259.95; shippers not bid- ding; heavy and mixed loads most $8.50 9.25; packer sows steady; bulk, $7.25 Sheep Receipts 500; for week lambs anout steady; top natives, J12.75: ma. tured classes generally 25 Cents lower; neavy ewes on more; top ewes, 27.10. Omaha Livestock Market. OMAHA, July 29. (U. s. Bureau of Agricultural Economics.) Hogs Re ceipts 9000; mostly steady to 10 cents nlgfter; mixed and packing grades gen- erally steady; top, $10.15; bulk of sales, $7.50 10. Cattle Receipts 200: compared with weejc ago, good and choice fed steers and she stock steady to 25 cents lower; kind and common grassers 25 to 50 cents lower; grass cows and heifers 50 cents to $1 lower; canners and cutters steady; veals steady to 25 cents lower; bulls 25 to 50 cents lower: Block- ers and feeders uneven, 50 cents to $1 lower. Sheep Receipts 200, compared with a week ago, lambs steady to 15 cents high- er; sheep 25 to 50 cents lower on heavy grades; others about steady; feeders eak to 25 cents lower. San Francisco Livestock Market. SAN FRANCISCO, July 29 Steer No. 1, 6 507; No. 2. $.256.25: cows and heifers, No. 1, $4.504.75; No. 2, $44.50: bulls and stags, J2ffi3; light calves, $89; heavy, $57. Sheep Wethers. $6.507; ewes, $34; Iambs, $10.5011.50. Hogs 125 to 200 pounds. $12.50; 200 to 250 pounds, $11.50; 250 to 300 pounds. S10.50. Seattle Livestock Market. SEATTLE-- , July 20. Hogs steady, no receipts, no changes. SAN FRANCISCO PRODUCE MARKET ' ft Prices Current on Vegetables, Fresh Fruits, Etc., at Bay City. SAN FRANCISCO, July 29, (State Di- vision of Markets.) Poultry Broilers, 27 85c: young roosters, 23 45c; old roosters, 1418c; hens, 1631c; ducks, 1020c; live turkeys, 3235c; dressed, 25 40c; hares, pound, 13 15c: squabs, dozen, $38.50; Jackrabbits, dozen, $8 02.50. F-- Apples, 814 to 4 tier, $2.254: oranges. Valencia. $6 11 box: lemons. Jj3.506.50; grapefruit, $46; apricots. pouna, ncguc; strawDernes, drawer, tt 90c; raspberries, drawer, 6385c; black- berries, drawer, 2540c; 'loganberriett, drawer, 2535c; cherries, pound, nomi- nal; figl, single layer, 85c$l; peaches, crate, 75c$l; currants,, drawer, $1.15 1.25; watermelons, per pound, 11Hc; plums, crate, 75c$1.75; grapes, crate, $2 4.50; pears, box, $L.501.75; can- taloupes, crate, 85c$1.50. Vegetables Artichokes, large crate, $49;. asparagus, per pound,, nominal; beans, pound, l9c; carrots, sack, $1.50 1.75; celery, crate, $6; cucumbers, lug, 5075c; eggplant, pound, 58c; lettuce, crate, $11.25; onions, white, crate, $1 L25; yellow, cwt., $1.501.75: parsnips, sack, $2.503; peas, pound, 46c; bell peppers, pound, 5 8c; new potatoes, 114 2c; sweet, 6c; rhubarb, box, $1.25 1.50; summer squash, lug, 0085c; spin- ach, pound, 34c; tomatoes, orate, 40 50c; turnips, sacks,, $11.25; green corn, Jozen, 1018c; beets, sack, $12. Receipts: Flour, 1040 quarter sacks; wheat, 800 centals; corn, 600 cental": po- tatoes, 5946 sacks; onions, 2194 sacks; hay, 856 tons; hides, 40 bundles; lemons and oranges, 400 boxes. QUOTATIONS OX DAIRY PRODUCE Current Market Ruling on Butter, Cheese and Eggs. SAN FRANCISCO, July 29. Dairy produce exchange closed. NEW YORK, July 29 Butter weak. Creamery higher than extras, 844 3514c; creamery extras, 844 44 c; creamery firsts, 313314c. Eggs steady; receipts 18,210 cases. Cheese weak. CHICAGO, July ft. Butter un- changed. Eggs .unchanged. Receipt 16,667 cases. , . Poultry, alive, higher: fowls. 16a21e: broilers, 221i28c; roosters, 13140, A Year a?n 13 Season to date.. 395 .' iear ago. .... 288 4 ADVANCES MAY, BE INCREASED Oregon Grcwers to Receive Larger Sum This Season. Tentative statements coverlnr th pool of the Oregon Grain Growers were sent out from the Portland office during the week. These state ments cover the growers' account n it stood on May 31 of this year, and will explain a great many questions arising as to the checks which were mailed some time ago and which have been receiver! by the growers. - - The federal inspector's and the stat. inspector's reports on the out-tur- n of the cars in which association grain was shipped, showing grade, dockage and other discounts which might apply on grain shipped from country warehouses during May, June and July had not reached the office In time to ho in. eluded In this report and where the statements show "inventory grade sub- ject to adjustment" an arbitrary discount' was appneu. Necessary corrections will be, made in the final settlement after re- turns have been made on all association wheat in the 1921 pool. Advances made on the growers' account since May 31 were not taken into consideration in the statement When an advance was made In .Tun. the association stated that approximately 7 cents a bushel was yet due to the grow- ers and would be paid in the final set- tlement. Sales of wheat since tnen war- rant another advance or approximately 3 cents a bushel, and checks for this amount are being written at the present time. They will be mailed ih a f h.. Financial arrangements are such thl the association likely, will be In a posi- tion to make advances on 1922 wheat Just as soon as the tickets are kuIv.h Last year advances, amounted to 70 per cent of the market value; this year the advance ratio may be increased to 75 per cent and will take into consideration whether the grain is sacked or bulk, and the grade, if known. LEATHER IS STEADILY IMPROVING Export Bayers Appear MJio Have Been Out of Market for Years. The general leather situation throueh- - out the country Bhows signs of Improve- ment with export inquiries from buyers who have been out of. the market for several years past , In sole leather, trading is enlarelne. There are still complaints, however, that prices are not keeping pace with the hide market, except heavy finders' stock'. Union sole is strong, with auotatlons firmly held, gales ate extending to all grao.es ana weights. teer backs are firm, with supplies of desirable brands limited and some tannages over-sol- Both sole cutters and "manufacturer-- ! are showing more interest In oak, with prices especially firm on finders' stock, although this Is the dull period for this trade. In upper leather, business is steadily Increasing- - in moat lines, includ- ing calfskins. Recent advances on the latter are now more general. The ad- vance on men's weight calf In the east. is now general, with sales Increasing on an grao.es. xnere Is more business in women's weights and soma sellers are demanding price Increases. Patent leather still shows a good domestic and export call, with production continuing large. In many Instances, advances are asked and secured. PECAN CROP FAILURE THIS VFAn Estimates of Yield Range From 5 to 34 Per cent of Normal. The smallest pecan crop since the marketing of this product has been ari Industry of any importance appears In prospect this season, not only for Texas, the chief pecan producing state of the nation, but for other nut growing areas of the United States, according to re- ports on the present condition of the INTELLIGENT PRODUCE MARKETING Tou will get higher returns for your produce if you wilt use our new methods before shipping: any product to market.. ' Write Vm at Once. We Will Bo Pleased to Tell Yon Ben RUBY & CO., 1 69 FRONT STREET PORTLAND OB. BAN FRANCISCO, July 29. California- - 1 crop. Hawaiian raw sugar, 5.3450, . I The Texas crop Is estimated at from r

oregonnews.uoregon.edu€¦ · 18 THE SUNDAY OREGONIAN, PORTLAND, JULY 30, 1922 other harbors in the Interest of saving A SUBSIDY HELD NEED 18; Winnipeg, wheat 65, oats 83, barley

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Page 1: oregonnews.uoregon.edu€¦ · 18 THE SUNDAY OREGONIAN, PORTLAND, JULY 30, 1922 other harbors in the Interest of saving A SUBSIDY HELD NEED 18; Winnipeg, wheat 65, oats 83, barley

18 THE SUNDAY OREGONIAN, PORTLAND, JULY 30, 1922

Aother harbors in the Interest of saving

SUBSIDY HELD NEED18; Winnipeg, wheat 65, oats 83, barley16, flax 5; Omaha, wheat 125, corn 66,oats 33.OJlSTiTSlliG- -

A

tations except In Brltlsn-Dui- lt $hip-pln- g,

whereof the master and three-quarte- rs

of the crew are English." ,It will be noted that this was

protection for the English producer"shipbuilder, ship owner and thesailor an aid designed to meet su-perior competitive conditions. Itwas one of the several acts on thepart of England that really causedthe revolution. And In the revolu-tionary war the speed of the Ameri-can built craft played a part wellknown to every student of Americanhistory.

War Hurts Shipping.From 1783- - to 1789, when this

country had no general government,shipping suffered. Great Britaincontrolled the West Indies and keptour ships out. Slaves died for want

5 to 34 per cent of normal; with thetotal number of carloads' that will beshipped from the groves ofSho countrynot exceeding 65 to 100. Texas may beexpected-t-o product probably half of thatvolume.

In view of the fact that pecan tressnever bear heavily the year followinga heavy yield a bumper crop was notexpected thlsyear,' since the 1921 har-vest was large, approximately onethousand carloads of the nuts havingbeen harvested and shipped. . At the be-ginning of the present season, however,Indications pointed to a fair sized cropin many sections and a good sprinklingof nuts in almost every section. .

This prospect has been virtually shat-tered, however, by the ravages of thecase bearer, worms, caterpillars, needlebugs, wet weather and other causes. -

1x6 No. St ft B, SG..' 39.00 S7.0O 89.00Stepping tNo. 2 & B 70.00 63.00". ......Finish Ne. 2 and better

1x8 57.00 54.00Casing and base ... 63.00 .....

Ceiling -54x4 No. 2 &B..... 36.00 33.00 85.001x4 NO. 2 & B 36.00 85.001x4 No. 3 34.00 S3.00

Drop siding1x6 No. 2 & B 40.00 35.50 38.001x6 No. 3 88.50 33.50

Boards and SL No 18 1 S. . . 17.60 13.50 15.50

lxl2-inc- h 18.00 v15.50 17.00Dimension No. ISA K

2x4 12-1-4 16.58 ' 14.50 15.50Planks and small timbers

4x4 6 S 4 S 19.50 16.50 16.503x10-1- 2 12-1-6 8 4 S. 22.00" 19.00 19.00

Timbers 32 ft. and under6x6-Sxl- S 4 S 21.00 19.00

LathFir ...'.... 5.00 4.25

' Oils. .LINSEED OIL Raw, In barrels. $1.10;

cans, $1.25; boiled In barrels,$1.12; cans. $1.27.

TURPENTINE In drums, $1.55; five-gall-

cans, $1.60.WHITE LEAD kegs, 12 4o

per pound. :

GASOLINE Tank wagons ana Ironbarrels. 26c; cases. 87c

LIVESTOCK .QUIET AT WEEK'S CLOSE

Only One Loadf Valley Lambs Received. at Yards.

The iivestock market closed quiet,without change In prices. A-- load ofvalley lambs was the only arrival. Therewere 272 head in the lot, and they soldat $11 off the cars. These lambs aver-aged 71 pounds:

Prices quoted at the Portland Unionstockyards were as follows:Choice steers $ 7.500 8.00Medium to good steers 6.50 .7.60Common to fair steers 4.00 5.75Choice cows and heifers.... R.nnifit nun

IN EXPORT TRADE

European Business Confinedto Eastern Sections.

OFFER MADE TO CANCEL

Prices in This Territory Held.byWheat Men to Be Several .

Cents Ont of Line.' ' .

V

There was no improvement in wheattrade conditions at. the close of theweek. Export club held at $1.12 withonly one buyer Interested and at theMerchants' Exchange all bids were' thesame as Friday.

Wheat business which has been donelately has been to fill previous sales.Although the' east sold 12,000,000 to

bushels export during the week,the Pacific coast. bas not been able toparticipate in any new foreign businessas prices current here, according todealers, are 10 or 11 cents out of line.

As an Indication of the attitude of theBritish buyers toward Pacific coastwheat, the Gray Rosenbaum "Grain com-pany is in receipt of a Cable offering tocancel the sale of a parcel of fourthousand tons, buyers making an allow-ance of two shillings threepence perQuarter, which is equivalent to six anda. quarter cents per bushel.

In view of Friday's wires" Indicatingexport sales from the Atlantio and 6iiKjl!aggregating 2,500,000 bushels, there Is Tno lack of demand from Europe, there-fore the only explanation of the desireto cancel is that Pacific coast wheatsare not.wanted at present values, buy-ers undoubtedly finding it to their ad-vantage to sacrifice on their purchaseshere and replacing at the Atlantic orGulf at lower prices.

The orient, is not making offers forwheat at prices that can be acceptedand it Is. the opinion of grain men herethat as soon as the few old sales havebeen covered that coast prices will getdown to a parity with the eastern sections. No support is expected from themills which also report a lack of newbusiness in export flour..

The foreign markets were weaker!Liverpool futures closed 4c l4d. low-er and spot Australian was down 2d. atlis 9d. Buenos Aires wheat closed1 2 cents lower.

ine aany Chicago wire to the Grav- -Rosenbaum Grain company follows:

Colorless market with trade larr-el-v

local, finding offerings heavy on earlvbulge and becoming oversold on break,causing closing rally. Export demandunimportant. Foreign news disappoint-ing, Russia promising decidedly moregrain than last year. Consider generalsituation against maintenance of valuesand believe values destined for lowerlevel ultimately." ,

Eight, ears of new wheat arrived tMinneapolis yesterday. - A sample ofnew Marquis from Corona. R. ndry district of the state, graded No. itk and weighed 61 pounds. Terminalreceipts, in cars, were reported by theiuorunanis iixcnange as follows:

Portlfl.nil . Whoa, tj T1Saturday.: . ... .".34 5 "at" aliear ago. .... 71 81 6Season to date., 693 8 129 27 137Year ago 1668 24 108 68 124Tacoma Friday 8Tear ego 16 "j 'i '3Season to date.. 352 3 78 5 16Tear ago 410 9 78 7 24Seattle Friday. IT 4

Duluth Linseed Market.DULUTH, July 29. Flaxseed. July,

$2.95, nominal; September, $2.39 ii MdjOctober, $2.3414 bid.

ST. PAUL MAY SELL TIMBEB

Plans on Foot for Sale of Washingtonand Idaho Lands.

(By Chicago Tribune Leased Wire.)NEW TORK, July 29. Wall street'

interest In the railway strike situation,as It exists over the week-en- Is cen-

tered' almost entirely on a telegram,which L. F. Loree, chairman of theeastern president's conference addressedtoday to the New York, Pennsyl-vania and Vermont senators, protestingagainst President Harding's stand onrestoration of seniority rights to. strik-ers "on their return to work.

St. Paul's "hidden assets" in the formof valuable timber lands in Idaho andWashington have been the subject ofconsiderable - discussion in Wall streetlately because of the report that themanagement was planning to disposeof a considerable portion of this timberin the near future. According to offi-cials of the road the value of thesetimber holdings placed on the booksat $30,000,000 does not represent theproportionate vaiue of the various smallparcels .which are constantly being sold,as every year the increasing shortageof timber enhance the value of theoutstanding supply.

The recupration of the sugar industrysince the beginning of the year is lookedupon as one of the remarkable develop-ments in the economic world. It wasnot so long ago that sugar was going

in the world's markets andprices were quoted below pre-w- levels.The surplus on hand was unusually large,In view of the low prlceB prevailing,and earnings of most of the prominentcompanies were affected to the lointwhere dividend suspensions were com-mon. Cuban raw sugars now are atthe year's highest prices.

Bankers are inclined to doubt the ca-bled news from abroad that Italy Is inthe New Tork market for a $500,000,000

loan. The figure ts regarded asmuch too large. What is expected isfinancing for some hydro-electri- c works,deals which would be relatively unim-portant.

The substantial increases of freightrevenue over those a year ago whichthe New England roads have been show-ing, in spite of the coal strike, is ci-sider-

highly significant in local rail-way quarters. May freight revenue at$13,094,864, for example, were the larg-est of any of the first five months, ex-cept March, when they were $14,293,33LThis situation is said to be due to theinerca.ied freight loadings of productother than Aal.

LEATHER PIES STEADY

TANXERS TO SELIiLARGE QUANTITIES.

Hides So Strong Sellers GenerallyAre Slow to Trade; Belting

Iemlfnd Active.

(Copyright, 1922. by the Public Ledgercompany. Published by Arrangement.)PHILADELPHIA, July 29. (Special.)Notwithstanding advances in hides,goatskins and raw calfskins, . leathercontinues generally steady. Some tan-ners report a slight lull in heavy leatherwhich they ascribe to the moderateslocks now held by shoe manufacturersand the unwillingness of tanners to selllarge quantities at current prices in viewof the strength of the hide market.Prices are firm and advances are pre-

dicted If hides continue to riBe. .

Belting butts are most active. No. 1oak butts are quoted as high as 67 centsand No. 1 curried butts have been soldat 86 cents. Findings are quiet, partlybecause of seasonal conditions and alsobecause of the number of buyers absentat the annual convention in Boston.

Hides are so strong that sellers gen-erally are slow to trade. Offers of 19cents for July native steers have beenmade and 1814 cents for the same de-scription has been refused. Country ex-tremes of the 25 to selection,from 10 to 15 per cent, grubby, are

sold at 14 cents. The earnsgrade, free of grubs, have brought ashigh as 15 cents. New York city calf-skins, from 9 to 12 pounds, are offeredat $3.15. and $3.50 Is asked for 12 to

kips.Calfskin leather is steady. Tannera

predict early advances in men's weightsbecause of the higher costs of raw stock,but such a change is not expected toextend to women's weights soon. Kid-sk- in

is fairly active and firm. Inquiriesfor browns are increasing. Prices arefirm and are expected to rise for thesam reason as calfskin.

Demand for goatskins is active, buttanners are reluctant to pay the pricesasked by foreign shippers. Indias andChinas are seasonally Inactive. Pricesfor Santlagos beingquoted at 43 to 46 cents, show a widerange. ,

The Leather Belting Exchange re-ports the sales last month as 430,668pounds for I702.R48. Revised sales inMay total SMS, 686 pounds, valued at$635,891. Sales In June. 1921. totaled300,109 pounds for $538,8114.

PRE-WA- R EXPORTS EXCEEDED

American Foreign Trade on Basis ot SS

Per Cent Above 1913-1- 4.

(Copyright, 1022, by the Public LedgerCompany. Published by Arrangement )

: WASHINGTON, D. C, July 29. (Spe-cial.) The American export trade is ona basis 89 per cent greater than in thepre-w- period, according to official re-ports Just received by the department ofcommerce.

To exporters, manufacturers, farmersand other groups of business men whoseproducts move abroad, this means an in-crease of $1,405,000,000 In value of busi-ness done in foreign markets.

More than 13.770.000 nnn (,

American goods moved abroad dnrlnthe 12 months ended with June, accord-ing to the official report of the d.nan.ment. The value of shipments durlnjmo vuiiespuiiuing penoa J.SU3-1- 4 was lessthan $2,365,000,000.

Secretary Hoover and nth..of the department emphasize that theonly reliable method of estimating 'thecondition of the American export tradeis through comparisons of the presentwith the pre-w- ar period rather than bycomparisons with last year. From 1918to 1021 buying throughout the world wason an Inflated basis.

The United States leads all otb.i. nations In the value of export trade, com-pared with pre-w- standards, SecretaryHoover shows In a recent analysis. Noother nation Is enjoying a trada ti.hshows a percentage of Increase over 1913equal to the United States.

COTTON FUTURES LOWER AT CLOSE

Professionals Disposed to Go Slow onBuying Side.

(By Chicago Tribune Leased Wire )YRW VflRV T,,l. 1ft- - muV J' ""'- - cotton market sold higher, then lower in today'sShort Session. Thn nnAnn ....

8 points. Trading was mostly nrnfa.- -sional and there was a disposition to goslow on the buying side. There were re- -nnrta rxt un mu Kaoi. J ..' m tno soutnwest,due to an early movement of new cropcotton. There also was some Wall streetselling on the weakness In foreign ex-change. Additionl poor crop adviceshowever, appeared to have been dis-counted. It seemed traders were dis-counting the possibility of a high gov- -............. i ueatiay. Tne listsold off in the second hour, and closed 5to 9 points net lower. .

Spot was quiet, 5 points decline, 2L70for middling upland.Southern spots were: Galveston 21 95unchanged; New Orleans, 21 60 un-changed; Savannah, 21.60, unchanged- -

unchanged; Little Rock, 21.50, unchanged!

NF1W VOTJTT .TnW do . .- ' .unun xuturesopened steady. October. 21.55; Decemberjauuaiy, i.jju; March, 21.25; May,

Cotton futures closed barely steadyOctober. 21.42: December at as- - t..nrv. 21.81 ; March. 21.1 Mv" "in:

.. 3B . . 10

113 31 93132 16 129

uvea and protecting health.The French steamer Texas at the Har

vey dock loading timbers for Europe, attracted considerable attention yesterdayfrom passers-b- y on the Burnside streetbridge. Some of the timbers are beingloaded from the water and for the firsttime many have gained an idea of thework of longshoremen in stowing the bigsucks aboard.

Mllo Hoadley, first assistant superin-tendent of the 17th lighthouse district.has returned from Tsquina bay afterpassing on the site and plans for a dwell-i- n

for the use of the lighthouse keeper.The Dutch steamer Eembrk of the

Holland-America- n line reached the riveryesterday from European ports via Cali-fornia harbors and Puget sound. She hasa light Inward freight list for Portlanddelivery and will take aboard some cargofor the other side of the Atlantic, thoughbeing between seasons as concerns thecereal traae the ship will be limited.

The steamer Georglna Rolnh of theMcCormick line got away yesterday forBan irranclsco and San Pedro witn. gen-eral cargo and lumber, while the AnnetteRolph, sister ship and fleet mate, wasscheduled to pass out of the Golden Gateon her way here.

The steamer Johann Poulsen, ladenwith lumber for San Pedro, was dispatched yesterday from Westport.

The shipping board steamer Memnon,which is working her first cargo as shewas tied up soon after being completed,worked the last of the Portland cargoawaiting her for. South American portsand sailed yesterday. She is under theflag of the General Steamship corporation.

The American - Hawaiian steamerOhioan, bound for North Atlantic coastharbors, left Westport for sea last night

H. L. Hudson, manager of the porttrarnc Bureau, returned yesterday fromSeattle, where he attended 'a conventionof northwest apple growers.

STEVEDORE BATES FIXED

SHIPPING BOARD SCHEDULESEFFECTIVE TUESDAY.'

Some Firms Object to CertainFeatures of Agreement, But

Main Points Accepted.

Schedules compiled by a specialcommittee of the shipping boardcovering stevedoring charges andconditions at Portlands and otherpoints between this harbor and thesea, have been signed by somestevedoring firms and become

Tuesday. Compared withcharges under which governmentvessels have been worked duringthe last year a part of the scheduleis said to be lower, while someitems are higher.

One provision that is held bystevedores not to be equitable callslor ships being rigged and unriggedfor loading and discharging at theexpense of stevedores. It Is con-tended that there are times whenvessels arrive with Portland cargoesin all holds, so each must be rigged,hatches removed and other preparatory work done, though there maybe a relatively small amount offreight to. handle, the schedulecovering, which may not compen-sate him for work entailed. Allcargo will be handled under a shortton basis, 2000 pounds.

It is included in the statement ofconditions that the stevedores. carryinsurance protecting the government against liability to the publicfor the injury or death of any per-son, in the sum of $10,000, and$20,000 for the .injury or death ofany number of persons in a singleaccident; liability arising under theworkingmen s compensation act inthe sum of $10,000 for any one employe, and $20,000 for more than oneemploye. On overtime and legiti-mate ship's' work cost, plus 12 percent, is allowed, overtime to bebilled on the difference betweenthat rate and the straight timescale and according to the wageagreement prevailing.

The shipping board assigned acommittee to go into stevedoringcharges at the principal ports onboth coasts, and in the gurf, duringthe spring and the schedules arethe result of its recommendations.

Portland stevedores compiled alengthy statement at --the time andsuggested changes in over-charg-

proposed in the committee's tabu-lations, a few of which are said tohave been adopted. Not all steve-doring' firms engaged here workshipping board carriers.

UNDAUNTED REACHES CAPETOWN IN 114 DAYS.

New Steam Craft Under Way atPeninsula Plant to Be

Launched in Fall.

Completing a passage of 114 days,which is reckoned as creditable fora new ship and one of her type, theschooner Undaunted Is reported ashaving reached Cape Town from theColumbia river Wednesday. ' She isoperated by the Hart-Woo- d Lumbercompany as managing owners andPortlanders hold considerable stockindividually. The record betweenthe river and the South African portis about 87 days for Bailors andpassages extending to 140 days havbeen made, so it Is figured the runof the Undaunted can be classedwith the average. ,

The vessel was, laid down as asteamer, having been one of twphulls remaining on the ways at theGrant Smith-Port- er y,ard when thearmistice was signed. In finishingher G. F. Matthews, now of thPeninsula Shipbuilding company,and associates taiade changes calcu-lated to add to her qualities as awindjajnmer, and the result of herfirst run is said to have proved theirwork. Her future movements arnot definite, there being chartersunder consideration, one of whichmay bring her home by - way ofAustralia.

A new steam schooner Under wayat the Peninsula plant, which is tobe added to the coast fleet underthe flag of the Freeman interests,has advanced to a stage where aportion of the ceiling has beenplaced and other work will .be car-ried along so she can take the waterIn the fall.

Log 'Raft Breaks Away.ABERDEEN, Wash., July 29.

(Special.) A raft of logs recentlybrought down from the Quillayuteriver broke away from a tug whichwas towing it to the Wilson millthis afternon and jammed under theA. J. West bridge. Ther extent ofthe damage was not determined.

Chicago Potato Market. 'CHICAGO. July 29. Potatoes firm onbarrels, about steady and sacks receipts83 cars. Total United States shipments,652 barrels; East Shore Virginia Cob-blers, $2.8008.10; Kansas sacked cob-blers, $2.803.10; Kansas sacked cobblers$1.151.25 cwt; Early Ohios, sacked, 7585c cwt. ; Minnesota sacked and bulkEarly Ohlos, $11.10 cwt

Chicago Oil Market.(By Chicago Tribune Leased Wire.)

CHICAGO, July 20. Gasoline tankwagons, 21c; service stations, 23c: ma-chine, 27.9c. Oil, summer, 11.4c; winter,11.8c Carbon perfection, Iron barrels,1014c. Linseed jH, raw, 1 to 4 barrels de-livery, $1.03; boiled, $1.05. Turpentine,$148. Denatured alcohol, 40e.

Sugar Market.

II BUILDING FLEET

Merchant Marine Declared

Cost to All Nations.

SPECIAL AIDS REQUIRED

Every Country Said to Have' Given Help in Development

of Its Own Shipping.

Is America destined to regain her lostposition as a maritime nation? Will theAmerican flas once more float over veS'sels carrying the products of Americaninitiative and industry to the lour corners of the globe, as they did In bygonedays? These are questions that arearousing greater interest every day andbecause the American people are beginning to think'of all forms of transpor-tation to a greater degree than ever--b-

fore. The Sunday Oregonian has arrangedto print a series of seven authoritativearticles on Amertsa s shipping problem,

ach article written by a commissionerOf the United States shipping board and

ach article dealing with a separatephase of this problem.

The first of the series was written byCommissioner Edward C. Plummer ofMaine. Mr. Plummer has followed thesea. since his boyhood and is saturatedwith ail the maritime traditions ofborn "Down Easter." In this artiole Mr.Plummer gives a brief outline of thehistory of various forms of aid Americabaa given to her shipping.

BT EDWARD C. PLUMMER.Commissioner of the United States Ship--

ping Board.- -It is an historical fact that every

nation which has had a real merchant marine has paid for It in someform or another. Sometimes thatpayment- - has taken the form ofcheap labor, in which event the la-borers have borne the burden. Some-times it has taken the form of cheapcoal and cheap ore. in which eventtne coal and ore, in which manufacture of ships when these prod-ucts might have been sold else-where for cash and the cash, spenton other things. Upon other oc-casions the payment has taken theform of a subsidy, a subvention, abonus or a discriminating customsduty in favor of the home-bui- lt orhome-operat- ship of the nationwhich' desires to maintain its ownnational service on the high seas.

In almost every, instance the na-tion offering- special aids to shippinghas done bo to meet some handi-cap Imposed upon it by certain nat-ural or economic resources possessedby other nations. One nation mayhave cheap coal and cheap ore. Itcan build steel ships more cheaplythan the nation not possessing theseresources.

Cheap Labor One Cause.'Another nation might have cheap

labor, due usually to overcrowdedpopulation, which finds Its outlet ingoing- to sea and working cheaply.Other nations, lacking one of all ofthese assets and desiring to be In-

dependent in the transportation ofits own products, does something toovercome them.

After all, when it is shorn ofIts economic or political verbiage, aship subsidy or any other specialaid for ships is as simple In Itsbasic features as the question whichconfronts a farmer or a manufac-turer when he is some distance fromhis market. The farmer produces hiscrops to : sell. The manufacturermakes his goods, to sell. If he is sofar from his market that the mar-ket will not come to him, he mustadd to the general cost of his op-erations transportation facilities ofhis own to see that his products aretaken to the market..The details of this phase of the

American shipping problem will bediscussed in subsequent articles inthis series by other members of theshipping board and in my contribu-tion to the general effort to bringhome to the American people thepractical needs of the present situa-tion I shall confine myself to asimple review of what has beendone from time to time and whatii being done now in the way ofnational aids to shipping.

Subsidy la Discussed.There has been some criticism of

the use of the word "subsidy" onthe ground that the American peo-ple are opposed to subsidies; thatthey do not like the sound of theword. This argument does not im-press me greatly. The American peo-ple are essentially hard-heade- d inspite of the undeniable fact thatthey are at the same time sentimen-tal. They becausethey love right for right's sake.' But when, because a thing is right,they set forth to do it, they at oncebecome essentially practical and in-sist on throwing sentiment asidewhile the actual Job Is being done.The, present Job of feeding the famine-s-

tricken Russians is a case inpoint Sentiment caused us to ap-propriate $2 0,0 00,000 for the work.Hard-head- ed business sense causedus, tinder the- direction of SecretaryHoover, to put the best men wecould find; at work on the distribu- -

- tlon and do it in. the best business.method possible., t! Sound Reasons Wanted.'" ; So with the ship subsidy problem,

the American people must first- knww that It is rlgnt to have asubsidy and then they must knowthat a subsidy la practical, thatthere Is sound reason for It and thatthere will be sound administrationof it; Before getting into the detailsof the Question It would be well totake a brief glance at what hasbeen done in this field from timeto time.

Soon after the settlement of theIew World began, the necessity ofowning and operating their ownships was borne In upon the Ameri- -can people. In .1607 the Popham pio-neers built the little ship Virginia,whose trans-Atlant- ic voyages be-came famous. The Pilgrims soonsound it unwise to trust the cargoes,yhich, to them, were priceless, toforeign vessels, and consequentlythey established the first aid toShipping by exempting shipwrightsfrom military service. That exemp-tion was a bounty which could notbe measured in money, for it took

: from the fighting forces men whoWere sorely needed and exposedthose not exempted to even greaterdangers, but It was a necessary sac-rifice and the Pilgrims paid thep.rice willingly.t Ships Built at Once..f As goon as the Puritans had builthouses enough for their shelter theyturned at once to the constructionof ships, and, in 1641, Rev. HughPeters, later one of Oliver Crom-well's aides, built a 300-to- n vessel,which was one of the great ships ofher day. This ship was the fore-

runner of others that eventuallygained us such prestige In the WestIwdia-- i trade that Great Britain hadto fake steps to meet the advantagesye had gained. And this within 30years-aft-

er the Pilgrims had landed.'. In 1663 a law was passed in Engl-and- which proclaimed that "nocommodity of the growth, produc-tion or manufacture of Europeshall be imported Into British-pla- n

LOSSES AT CLOSE RANGE VPTO OXE, CENT.

Prospect of Railroad Strike Set-

tlement and Lack of Outside' Interest Weaken Prices, ' i-

CHICAGO, July 29. Talk of settlementof the railroad strike and absence ofoutside Interest led to downturns todayin the price of wheat At the finish wheatwas down 14lc with September $1.07T4

L08 and December, $1.1091.1014; corndeclined 114e, oats were unchangedto 14 o off, and provisions 2 14 150higher.

Trade in wheat was light and the tonweak. Absence of outside Interest and thecall for a peace meeting among thecnalrmen or the shop crafts in Chicago,following the proposal of President Harding m an effort to end the walkout!' werethe princlDal factors. Almost all the actloa in the wheat trade occurred dhringthe last 30 minutes, the fluctuations be?fore that time being confined to a narrow range, but moderate selling byhedgers and local longs caused a breakof more than a cent in a few minutes'time. A big eastern house picked upwheat and a rally ensued to tire earlyhigh point, but a little reaction towardthe finish carried prices down. Receiptsof wheat here were 400 cars and deliv-eries on July contracts were 310,000bushels. 'Trading In coarse grains was dullprices being weak with wheat. Rainsover the corn belt were much needed andthe forecast for more moisture overSunday was a depressing factor in thecorn market.

Provisions were strong In line withnigaer hog values.

The Chicago grain letter received yesterday by the Overbeck & Cooke com-- J

Wheat Trade was small and themarket fluctuated In an Irregular manner on evening up of contracts over theweek end. At one time prices declinedsharply on scattered liquidation, butimmediately recovered the losses whenshorts attempted to cover. Uncertaintyas to the disposition of July contractson Monday undoubtedly had much to00 with the Indifferent attitude of thetrade In general. Receipts of 400 carsIn Chicago met only a fair demand andpremiums were a shade easier. Exporttrade was less active than for the pasteeveral days, but this was regarded asthe usual Saturday lull, and It is ex-pected that renewed buying will takeplace next week. With an early settlement of the rail and coal strikes inprospect we look for a return of confi-dence and a better market, especiallyIf exporters continue buffing as theynave been for the past week.

Corn The action of this market wasvery similar to that of wheat, pricesreceding, due more to lack of tradethan to any conspicuous pressure. Localreceipts were small and the cash marketagain had a relatively firm tone. Onlya moderate amount of export businesswas confirmed today, but there is noevidence that this urgent foreign de-mand has yet been satisfied. Crop reports remain generally favorable, exceptfrom certain sections of the southwestwhere there has been some deteriorationdue to hot, dry weather. We see noreason to aband-o- our bullish attitude.

Oats This market was utterly devoidof feature and closed with no Importantchange In price. The cash demand wassteady at yesterday's basis. Crop re-ports indicate considerable Improvementin tne past two weeks.. Rye Persistent hedging pressure andlack of buying except in a small way byrne seanoara caused weakness In futures. Cash rye was nominally steadyat yesterdays basis to a shade lower.

Leading features ranged asWHEAT.

Open. High. Low. Close,July"... tl. If) 51.114 $1.10 $1,101,4Sept. ... 1.0714 1.0814 1.06T4 1.07T4Dec 1.10 1.101J 1.0914 1.10

CORN.'Julv .63 .63 4 .63 .63Sept. .63 .6314 .6314 .6314

Dec. .59 li .58 JOATS.

July .S2T4 .3314 - .S24Sept, .3414 M .3414Dec .3714 .37V .37 8714

LARD.Sept .11.35 11.47 11.35 11.42Oct . .11.45 11.52 11.45 11.50

SHORT RIBS.July 10.75Sept 10.87

Ca?h prices were:Wheat No. 2. $1.1114 91.12; No.

hard, $1.131.13i.Corn No. 2 mixed, 656514c; No. 2

yellow, 6546514c.Oats No. 2 white, 3614 39 c; No. 3

wnue, a to 30c.Rye No. 2. R08114c.Barley 57 61c.Timothy seed $4K.Clover seed $1218.Pork Nominal.Lard 11.3T.Ribs $10.25 11.25.

Grain Pit Notes.(By Chicago Tribune Leased Wire )

CHICAGO. July M. Lecountwired Stern & Alstein company fromCrookatnn. Minn that thm,u ,1.- -.

rltory wheat and oats are splendid. Soma1 iiw u narvesiea.

Jackson Brothers & Co.'s crop expert

the crop from New Rockf'ord to Minotauu around rtugoy is very good.

The trade Is looking for a private cronMnnrl .i , UnnJn. . - . ,

bushels more wheat and about 200,000 000...an. me governmentfigures.

A lake carrier paid $11.50 a ton forcoal Friday. At th rate the carriersthat tha lab. . t ,ia.iv Vn grajn IromChicago to Buffalo and Georgian Bay

FamlnA In rh Vnlw, i,0iia;, i n .said to be over. The wheat cron wasestimated at 185.000.000 to 375,000,000

...o .... ,.,L ,t.ar , a statement to Secretary Hoover at a confer-ence with Colonel Haskell of the Ameri-can relief

Wheat shipments from Australia fortha fir a air ywrf- - (10 ff AAA i.

632,000 bushels, the previous week, sinceJanuary 1 the aggregate was 70,728,000bushels.

Cash Grain Markets.Furnish., hv a""Portland.MINNEAPOLIS, July 29. Wheat, No.

dark northern. $1.36 1.48 ; No 3dark northern tl 91ii Ati sk . .

$L29htKi:s9: 3 orth;ra;wi" yellow, OS4l&i9cOats No. 8 white, 2014 31cBarles 14 50c.

ST. LOUIS Julv 20 t-- t. n j,

$J10L11!4; No. 3 red, $1.07I.'o814. 'Corn No. 2 mlxpd v.

low, 6514c.Oats i:o. 2 white, 36 36 He: No 3

white. 3514 36o.

KANSAS CITY. Julv 29 Wh..i v.S red, $1.031.04; No. 1 red, $1.051.10; No. 3 red, $1.031.14; No. 1 hard.$1.05(g1.16; No. 2 hard, $1.0301.08- - No.8 hard, $1.021.20.

Oats No. 3 white, 84c. 'Corn fo. 2 mixed, 58c.

Grain at San Francisco. '

SAN FRANCISCO. July 29. WhatMilling; $L921.95; feed, $1.851 90Barley Feed, $1.1714L20; shipping,

$1.25 1.35.Oats Red feed, $1.601.70.Corn White Egyptian, nominal: red

mllo, $1.901.95; yellow, $1.501.55Hay Wheat, $1517; fair, $1315;tama oat, $1416; wild oat, $1012- - al-

falfa, $13(315; stock, $911; straw, nom-inal.

Seattle Grain Market.SEATTLE, July 29. Wheat Hardwhite, $1.16; eoft white, white clubi hard

red winter, soft red winter, northernspring, $1.15; eastern red Walla, $1.12;Big Bend bluestem, $1.25.

Feed and hay unchanged.

Winnipeg Wheat Market.WINNIPEG, July 29. Cash wheat. No

1 northern, $1.3614: No. 2, $L28 ; No. 3.ti.2i; No. 4, $1.05; No. 5, 8454c; No.6, 84c; feed. 74 o.

Futures July, $1.31?4; October.$1.1354; December, $L1054.

Minneapolis .Wheat Futures.MINNEAPOLIS, July 29. Wheat

July, $1.3614; September, $1.1494; Decem-ber, $1.11.

Carlot Grain Receipts.CHICAGO, July 29. Carlot receipts:

Minneapolis, wheat 245, corn 17, oats 46,rye 65. Kansas City, wheat 425. corn 16.

I oata 13. Duiuto, wheat 26, corn 45, oats.

of salt fish .and other foods whichthe Americans had brought to them,but, in spite of that, the British prohibition against the use of Americanships in that trade was not lifted.This attitude led the West Indianplanters to connive at smuggling bythe Americans.

On July 4, 1789, congress passed--lone of the first important acts toaid American shipping, an act which

Iwillllllllllliipillllllffl

Edward C Plummer, commissionerof the United States shippingboard.

was followed by other acts fixingdiscriminatory duties which were,In effect, a bounty of 44 cents a tonpaid every time an American shipentered an American port. This,with the preferential tariff duties.developed the American merchantmarine at a rate never equalledbefore or since. Ten yearsafter the government granted thefirst aid we had one ton of shippingIn the foreign trade to every eightof our inhabitants.

Subsidy Laws Reviewed.An excellent historical review of

what America has done in the matter of assistance to its shipping iscontained in the July issue of TheCongressional Digest, on pages 5

and 6, under the heading, "Ship Subsidy Legislation In American His-tory."

In the meantime other nations Inmodern days have resorted to various systems of aid. England, withher coal and Iron at hand and hercheap labor and dense population,which drives her people to the sea,has made use of various forms ofpostal subventions to aid her fastpassenger ships, and has alwaysshipped her troops to and from IndiaIn private owned vessels instead ofIn army transports.

In other ways she has given guarantees of business to certain typesof vessels in order that they mightbe running and ready for the occasional needs for which they were designed. Germany, Italy and Francehave all had construction bountiesof one kind or another. Japan, untilrecently, had to have her ships builtabroad because, on account of herlack of coal, she could not makethem cheaply. Now she has Chinesecoal fields and these, with her cheaplabor, plus her navigation bounties,have started her on the way to be-

coming a great shipping power.American F!eerNeeded.

The point of ship subsidies is thateach nation has resorted to themIn one form or another wheneverthey were necessary to Insure herhaving control of the shipment ofthe goods she intended buying andselling abroad. The circumstancesin which America now finds herselfmake it necessary for her to nave anocean carrying fleet under her ownflag and to do this a subsidy isnecessary.

WRECK WIMi BE REMOVED

Sunken Welsh Prince ObstructionOfficially,. Not Actually.

In connection with, bids beingasked for the removal of the wreckof the Briiish steamer Welsh Prince,lying at Altoona, various unexpectedquestions have been asked of at-taches at the office of Major Park,corps of engineers, U. S. A., and oneyesterday was as to why the wreckwas held to be an obstruction tonavigation when vessels were pass-ing around it at a distance of 500feet and that the specifications pro-vided for a maximum of 360 'days inwhich to get it out of the way.

As part of the wreck lies on therange which marked the part of thechannel traversed before, it Is heldan obstruction, inasmuch as it isaimed! to restore the former directroute there If possible." While thereIs abundant water between the ves-sel and the Washington side,' thevessel is officially rated as an ob-struction.

Notice to Mariners.The following affects aids to naviga-

tion in the 17th lighthouse district:Columbia river Baker bay buoys 1

and 2, temporarily discontinued July22. Welsh Prince wreck light tempor-arily established July 22 pending actionon the removal of the wreck; a whitepost lantern light of 60 candlepowershown at a height of 15 feet from adavit on wreck about 00 yards from thestern. On account of portions of thewreck being submerged vessels are cau-tioned not to approach within about 80yards of this light.

Westport crossing light reported car--rle- daway was replaced. Float struc-

ture temporarily marking position willbe removed without further . notice.Fisher island light reported carriedaway was replaced July 18. Slaughtersbar light No. 3. reported carried awaywas replaced July 18.

Cascade locks float light reportedtemporarily discontinued was replacedJuly 8.

Grays Harbor Whitcomb flats bellbuoy 8, reported carried away was re-placed July 18. i-

. Umatilla reef light vessel replaced onstation July 20 and relief light vesselwithdrawn. s

Puget sound and adjacent watersPortage bay range rear light reportedcarried away July 16. will be replacedas soon as practicable. Webster pointlight reported extinguished July 13, wasrelighted July 14.

By order of the bureau of lighthouses,ROBERT WARRACK,

Supt.. 17th Lighthouse District.

Marine Notes.In connection with Information de

sired by Grays Harbor authorities as totne system ana methods or the harborpatrol, as it is contemplated to estab-lish such a force there, It Is recalled thatthe Portland regulations have been askedfor by gome of the larger coast cities.While there have been rules enforcedhers to which skippers at times objected,some of them have been adopted at

LOWER BUTTER PRICE LOOKED FOR

Unsatisfactory Demand for Cubes atClose. . J '

The week closed with an" unsettledfeeling in the butter market and gen-eral belief that prices will be longer inthe coming week. Local creameries,however, will be governed in their ac-tions by the course of the market atSeattle. There was only hand o mouthbuying of cubes yesterday and no. out-side business was reported. The surpluswas stored.

Eggs were also slow with the courseof the market uncertain. .

Poultry and meats closed at un-changed prices with a weak Undertone.

.

Bank Clearings. ; --"."'Bank clearings of the northwesterncities yesterday were as follows:

Clearings. Balances.Portland $3,643,187 $ 499,677Seattle .. . 4,777,799 - MH.218

Tacoma ; 2.447.OC0Spokane 1,263.237 467,078Clearings of Portland, Seattle and Ta-

coma for the past week andt correspond-ing week in former years were:

Portland. Seattle. Tacoma1922.. $27,551,945 $29,768,508 '$14,082,0001921. 23,133,066 23, 823,l 2,5?7,741930. 30.760..O34 31,677,337 4,148,4241919. . 26,393,321 39,327.157 4,254.2181918. . 21,6S7,6.i6 34,641,160 4.367,5871917. 13,120,026 19.3flfl.201 2,555.1741016. 10,7!l3,&i-- 13.625,778 2,030.440

. 9,ftOO,8,1 10,971,334 1,683.134:14.. fl,OS,174 ll,118.a7 1.94,6061913.. 10,724,862 11,789,262 2,403,026

Transactions.

Local Peaches Plentiful.Melons and cantaloupes sold well yes-

terday at steady prices, but did not cleanup. Oregon peaches were in good sup-ply with most of them running to smallsizes. Receipts of apricots were limitedand prices were firm. One first car ofSebaetopol Gravenstelns is due Tuesday.

PORTLAND MARKET QUOTATIONS

Grain, Flour, Feed, Etc.Merchants' Exchange, noon session.

Wheat Julv. Aug. Sent.Hard white $ 1.10 $ 1.10 $ 1 10Soft white 1.08 1.08 1.08White club 1.08 1.08 1.08Hard winter 1.08 1.08 1.08Northern spring ' 1.08 1.08 1.0Sttea walla 1.05 1.05 1.05

OatsNo. 2 white feed 36.00 35.00 33.00No. 2 gray 34.00 32.00 31.00

BarleyBrewing 28.00 28.00 28.50Standard feed 26.50 26.50 27.00

corn.No. 2 E Y shipment. . 30.00 29.50 29.50

FLOUR Family patents, $8 per bbl.;whole wheat, $7; graham. $6.80: bakershard wheat, $7.80; bakers' bluestem pat-ents, $7.60; valley soft wheat, $6.25;straights, $6.35.

MILLFEED Price f. o. b. mill: Mill-ru-

ton lots. $34; middlings, $41; rolledbarley. $37 39; rolled oats, $43; scratchfeed, $40 per ton.

CORN White, $37; oracked, $39 perIon.

' HAY Buying price f. o. b. Portland:Alfalfa, $1616.5 per ton; cheat, $14;oats and vetch, $17; clover, $15; valleytimothy, $18; eastern Oregon timothy$21 22.

Butter and Country Produce.BUTTER Cubes, extra, 38c per lb.;

prints, parchment wrapped, box lots, 46c;cartons, 47c. Butterfat, 4647e deliv-ered station; buying price, A grade, 44c.. EGGS Buying price: Current receipts,1920c doz. ; henneries. 2223c doz. Job-bing prices: Case count, 2122c; candledranch, 25; selects, 28c. Associationselling prices. Selects 29c; browns, 28c;firsts, 28c; pullets, 24c.

CHEESE Tillamook Triplets, price tojobbers, f. o. b. Tillamook. 26c; YoungAmericas, 27c; longhorns, 27c pound.

POULTRY Hens, 1221o lb.; broilers,1820c; ducks, lo22c; geese, nominal;turkeys, nominal.- VEAL Fancy, 1313i4c per pound " 'PORK Fancy, 15i16c per pound.

Fruits and Vegetables.laical Jobbing quotations: ' 'FRUITS Oranges, Valencia. SS810.50per box; lemons, $78.50; grapefruit,$;8 box; bananas, 8Vi9c lb.; cantal-oupes, $1.25(i2.25 crate; cherries,Slc per pound; peaches, $1

$1.75 box; apricots, $1.502.25 per crate;plums, $1.50S,2.25 per box: watermelons,2c per pound; casabas. 4c pound; newapples, $2.503.75 per box; blackberries,$2.40 per crate; pears, $3.503.75 box.

POTATOES New, 2 V4 2 c per pound ;sweet potatoes, eastern, $1.75 per crate.ONIONS Yellow, $2.23 sack.

VEGETABLES Cabbage, 2143o perpound; lettuce, $1.602.50 crate; garlic,15 20c per pound; green peppers, 20,2fc per pound; tomatoes, 50 75c percrate; cucumbers, $1 per box; green peas,o10o pound; beans, 5llo per pound;green corn, 4O&00C dozen; egg plant. 12

15o pound; summer squash, 7Scpound.

Staple Groceries.Local Jobbing quotations:SUGAR (sack basis) Cane, granulat-

ed, 7.S0C pound; beet, 7.60c per pound.NUTS Walnuts. 1535c per pound;

Brazil nuts, 17ij19c; almonds, 21426c; peanuts. 10 11c per pound.RICE Blue Rose, 7c pound; Japan

style, 6106.25c per pound.COFFEE Roasted, bulk, in drums.

20 39 He per pound.SALT Granulated, bales, $2.603 65;

half ground, tons, 50s, $17; 100s, $16.DRIED FRUITS Dates, 14c pound;

tigs, $l.i)02.75 per box; apples, 13c perpound; peaches, 18c; prunes, 14 16c.

BEANS Small, white, 8o; pink. 6c;bayou. 61c; red, 6c; lima. 11c per pound.

Provisions.Local Jobbing quotations:HAMS All sizes, 3336c; skinned,

S8c; picnic, 18c; cottage roll, 25cBACON Fancy, 3844c; choice, 29

3c; standards, 2426c.LARD Pure tierces, 14c pound;

compound, tleroes, 14cDRY SALT Backs, 2033c; plates,

18c.

Hides, Hops, Etc.HIDES Salted hides, under 45 pounds,89c; salted hides, over 45 pounds,78c; green hides under 45 pounds,78c green hides, over 45 pounds, 67c;salted bulls, 67e: green bulls, 56c;salted or green calf, under 15 pounds,

12 & 13c; salted or green kip, 16 to 30pounds, 910c: hair slipped hides andskins, half price; flint dry hides, 1112c; flint dry calf, under seven pounds,ll12c; dry salted hides, 89c; cullsand damaged, half price. Green or saltedhorse hides, $23.each; colt skins, 50c

$1 each; dry horse, 7oc$1.25 each.PELTS Dry sheep pelts, long wool,

1820c; dry sheep pelts, short wool, 910c; dry sheep pelts, pieces, 910c; drysheep shearlings, no value; salted pelts,long wool each, $1.50 2; salted pelts,short wool each, 75c $1; salt springlambs pelts, each 75c$l; salted shear-lings, each 10 20c; salted goats, longhair, each, $12; salted goats, shorthair, each, 50c $1; dry goats, long hair,per lb., 10 12c; dry goats, short hair,each, 25 50c; goat shearlings, each 1020 cents.

TALLOW No. 1. 55c; No. 2 4U5o per pound; grease, 3 4c per pound

CASCARA BARK New peel. 6c perpound;- old peel, 7c per pound.

OREGON GRAPE Grape root, 6c perpound.

HOPS 1921 crop, nominal, l?15c perpound; contracts, 15c.

WOOI.. Eastern Oregon, 2639c per- .' -' ''n.1 h?' 1.

30 35c; three-eight- blood, 3032c;'quarter-bloo- 26 27c; low quarter and

flftffil22p.: matted. 161Kv -

MOHAIR Long staple, 3032c. delivered Portland; short staple, 25 27c;burry, 2022c per pound.

GRAIN DAua uar ioxs, xuftc, coast.

Lumber.The folloxvins .ct quotations on

Douglas fir and represent approximatelyprevailing f. o. b. mill prices in car lotsand are based on oraers tnat have beennegotiated. Pre

vailingFlooring High. Low. Price.

1x4 No. 2 VG...". ..$52.00 $47.00 $49.001x4 No. 3 VG 42.00 41.001x4 No. S & B, 6G. 36.00 84.00 36.00

Medium to good cows, heifers . 4.50 5.00r air to medium cows, neilers 3.50 4.50Common cows S.OO 8.50Canners 1.50(9 8.00Bulls 3.00 8.50Choice dairy calves. 7.BU 8.00Prime light calves 7.00 7.50Medium to light calves.... 6.00 7.00Heavy calves ' ' 4.00 6.00

HogsPrime light 11.7512.25Smooth heav, 200 to 300 lbs. 10.50 11.00Smooth heavy, 300 lbs. up.,. B.0010.50Rough heavy 8.0010.00Fat pigs ,1X60 12.00Feeder pigs .11.76 12.25Stags, subject to dockage... 5.00 8.00

Sheen ...East of mountain lambs.'. 10OO11.00Choice valley lambs....'.'. 9.00 10.00Medium valley lambs 8.00 9.00Common valley Iambs..... 6.00 8.00Cull lambs 5.00 6.00Light yearlings 6.50 7.50Heavy vearlinera K Kft fin ftLight wethers 5.50 6.50Heavy wethers 5.00 6.50Ewes ; 2.00 5.00

Chicago Livestock. Market.CHICAGO. July 29. (U. S. Bureau of

Agricultural Economics.) Cattle: Re- -ceipts, 1500. Compared with week ago,beefs steers 10 to 25 cents lower, grassersshowing most decline; top beef steers forweek, $10.80; top yearlings, $10.50; shestock practically unchanged;-grades beef cows and heifers weak; can-ners strong; bulls largely 25 cents lower;veal calves 25 to 50 cents higher; week'sbulk prices, beef steers, $3.5010; stock-er- s

and feeders, $3.506.50; butcher shestock, $57.25; canners and cutters, $3$3.75; veal calves, $9.259.75.

Hog-- a Receipts 6500. closing moder-ately 15 to 20 cents lower; about steadyto 10 cents lower than Friday's averagetop; $1060 early; practical top late,$10.40-- ; bulk, $8. 10 10.40; bulk goodbutchers, $9.75 10.4O; mixed and pack-ing hogs 10 to 15 cents lower; spots 75cents lower than Friday's good time.Holdover moderate. .Pigs dull; heavy,$9.6O10.10; medium, $1010.4O; light,$10.3510.50;- light lights, $10.2510.40;packing sows, smooth. $88.65; packingsows, rough, $7.50S.10; killing pigs,$9.50 10.40.

Sheep Receipts 1O0O; market steady,compared with week ago fat native lambsstrong to 75o higher; westerns steady to10 cents lower; cull natives 50 centshigher; westerns steady to 15 cents lowerr; cull natives 50c higher; light sheepsteady; neavies 2o to 50 cents lower!feeder lamba 35 to 50 cents lower; week'sDum prices, native lambs. $1212.60western, $12.5012.85; fat ewes, $3.507feeder Iambs. $11.60 12.30; cull nativelambs, $8.8.50.

Kansas City Livestock Market.KANSAS CITY. Mo.. July 29. fTT. S.

Bureau of Agricultural Economics.)Cattle Receipts 900: for week beefsteers ana sne stock 2a to 7d cents ow-- r;

top steers, $10.50; canners steady: cut-ters big quarter lower, calves strong to75 cents lower; stock calves mostlysteady; stock cows and heifers mostly15 to 25 cents lowers.- Hogs Receipts 500; fairly active, topackers, steady to strong; bulk desirable175 to 225 pound weights, $9.759.95;bulk sales, $9.259.95; shippers not bid-ding; heavy and mixed loads most $8.50

9.25; packer sows steady; bulk, $7.25

Sheep Receipts 500; for week lambsanout steady; top natives, J12.75: ma.tured classes generally 25 Cents lower;neavy ewes on more; top ewes, 27.10.

Omaha Livestock Market.OMAHA, July 29. (U. s. Bureau of

Agricultural Economics.) Hogs Receipts 9000; mostly steady to 10 centsnlgfter; mixed and packing grades gen-erally steady; top, $10.15; bulk of sales,$7.50 10.

Cattle Receipts 200: compared withweejc ago, good and choice fed steersand she stock steady to 25 cents lower;

kind and common grassers25 to 50 cents lower; grass cows andheifers 50 cents to $1 lower; canners andcutters steady; veals steady to 25 centslower; bulls 25 to 50 cents lower: Block-ers and feeders uneven, 50 cents to $1lower.

Sheep Receipts 200, compared with aweek ago, lambs steady to 15 cents high-er; sheep 25 to 50 cents lower on heavygrades; others about steady; feeders

eak to 25 cents lower.

San Francisco Livestock Market.SAN FRANCISCO, July 29 Steer

No. 1, 6 507; No. 2. $.256.25: cowsand heifers, No. 1, $4.504.75; No. 2,$44.50: bulls and stags, J2ffi3; lightcalves, $89; heavy, $57.Sheep Wethers. $6.507; ewes, $34;Iambs, $10.5011.50.

Hogs 125 to 200 pounds. $12.50; 200to 250 pounds, $11.50; 250 to 300 pounds.S10.50.

Seattle Livestock Market.SEATTLE-- , July 20. Hogs steady, no

receipts, no changes.

SAN FRANCISCO PRODUCE MARKET' ft

Prices Current on Vegetables, FreshFruits, Etc., at Bay City.

SAN FRANCISCO, July 29, (State Di-vision of Markets.) Poultry Broilers,27 85c: young roosters, 23 45c; oldroosters, 1418c; hens, 1631c; ducks,1020c; live turkeys, 3235c; dressed,25 40c; hares, pound, 13 15c: squabs,dozen, $38.50; Jackrabbits, dozen, $802.50.

F-- Apples, 814 to 4 tier, $2.254:oranges. Valencia. $6 11 box: lemons.Jj3.506.50; grapefruit, $46; apricots.pouna, ncguc; strawDernes, drawer, tt90c; raspberries, drawer, 6385c; black-berries, drawer, 2540c; 'loganberriett,drawer, 2535c; cherries, pound, nomi-nal; figl, single layer, 85c$l; peaches,crate, 75c$l; currants,, drawer, $1.151.25; watermelons, per pound, 11Hc;plums, crate, 75c$1.75; grapes, crate,$2 4.50; pears, box, $L.501.75; can-taloupes, crate, 85c$1.50.

Vegetables Artichokes, large crate,$49;. asparagus, per pound,, nominal;beans, pound, l9c; carrots, sack, $1.50

1.75; celery, crate, $6; cucumbers, lug,5075c; eggplant, pound, 58c; lettuce,crate, $11.25; onions, white, crate, $1L25; yellow, cwt., $1.501.75: parsnips,sack, $2.503; peas, pound, 46c; bellpeppers, pound, 5 8c; new potatoes, 114

2c; sweet, 6c; rhubarb, box, $1.251.50; summer squash, lug, 0085c; spin-ach, pound, 34c; tomatoes, orate, 4050c; turnips, sacks,, $11.25; green corn,Jozen, 1018c; beets, sack, $12.

Receipts: Flour, 1040 quarter sacks;wheat, 800 centals; corn, 600 cental": po-tatoes, 5946 sacks; onions, 2194 sacks;hay, 856 tons; hides, 40 bundles; lemonsand oranges, 400 boxes.

QUOTATIONS OX DAIRY PRODUCE

Current Market Ruling on Butter, Cheeseand Eggs.

SAN FRANCISCO, July 29. Dairyproduce exchange closed.

NEW YORK, July 29 Butter weak.Creamery higher than extras, 844 3514c;creamery extras, 844 44 c; creameryfirsts, 313314c.

Eggs steady; receipts 18,210 cases.Cheese weak.

CHICAGO, July ft. Butter un-changed.

Eggs .unchanged. Receipt 16,667cases. , .

Poultry, alive, higher: fowls. 16a21e:broilers, 221i28c; roosters, 13140,

A

Year a?n 13Season to date.. 395 .'iear ago. .... 288 4

ADVANCES MAY, BE INCREASED

Oregon Grcwers to ReceiveLarger Sum This Season.

Tentative statements coverlnr thpool of the Oregon GrainGrowers were sent out from the Portlandoffice during the week. These statements cover the growers' account n itstood on May 31 of this year, and willexplain a great many questions arisingas to the checks which were mailed sometime ago and which have been receiver!by the growers. - -

The federal inspector's and the stat.inspector's reports on the out-tur- n of thecars in which association grain wasshipped, showing grade, dockage andother discounts which might apply ongrain shipped from country warehousesduring May, June and July had notreached the office In time to ho in.eluded In this report and where thestatements show "inventory grade sub-ject to adjustment" an arbitrary discount'was appneu. Necessary corrections willbe, made in the final settlement after re-turns have been made on all associationwheat in the 1921 pool. Advances madeon the growers' account since May 31were not taken into consideration in thestatement

When an advance was made In .Tun.the association stated that approximately7 cents a bushel was yet due to the grow-ers and would be paid in the final set-tlement. Sales of wheat since tnen war-rant another advance or approximately3 cents a bushel, and checks for thisamount are being written at the presenttime. They will be mailed ih a f h..Financial arrangements are such thlthe association likely, will be In a posi-tion to make advances on 1922 wheatJust as soon as the tickets are kuIv.hLast year advances, amounted to 70 percent of the market value; this year theadvance ratio may be increased to 75per cent and will take into considerationwhether the grain is sacked or bulk, andthe grade, if known.

LEATHER IS STEADILY IMPROVING

Export Bayers Appear MJio Have BeenOut of Market for Years.

The general leather situation throueh- -out the country Bhows signs of Improve-ment with export inquiries from buyerswho have been out of. the market forseveral years past ,

In sole leather, trading is enlarelne.There are still complaints, however, thatprices are not keeping pace with thehide market, except heavy finders' stock'.Union sole is strong, with auotatlonsfirmly held, gales ate extending to allgrao.es ana weights. teer backs arefirm, with supplies of desirable brandslimited and some tannages over-sol-

Both sole cutters and "manufacturer-- !are showing more interest In oak, withprices especially firm on finders' stock,although this Is the dull period for thistrade. In upper leather, business issteadily Increasing- - in moat lines, includ-ing calfskins. Recent advances on thelatter are now more general. The ad-vance on men's weight calf In the east.is now general, with sales Increasing onan grao.es. xnere Is more business inwomen's weights and soma sellers aredemanding price Increases. Patentleather still shows a good domestic andexport call, with production continuinglarge. In many Instances, advances areasked and secured.

PECAN CROP FAILURE THIS VFAn

Estimates of Yield Range From 5 to 34Per cent of Normal.

The smallest pecan crop since themarketing of this product has been ariIndustry of any importance appears Inprospect this season, not only for Texas,the chief pecan producing state of thenation, but for other nut growing areasof the United States, according to re-ports on the present condition of the

INTELLIGENT PRODUCEMARKETING

Tou will get higher returns foryour produce if you wilt use ournew methods before shipping: anyproduct to market.. '

Write Vm at Once.We Will Bo Pleased to Tell Yon BenRUBY & CO., 1 69 FRONT STREET

PORTLAND OB.BAN FRANCISCO, July 29. California- - 1 crop.

Hawaiian raw sugar, 5.3450, . I The Texas crop Is estimated at from

r

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oregonnews.uoregon.edu€¦ · 10 ESTABUSHED BY HENBI L. PITTOCfe. Published by The Oregonian Publlshlnc Co.. US Sixth Street, Portland. Oregon. ' C. A. ilOKUKS. B. B. F1FER. Manager

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