East Oregonian : E.O. (Pendleton, OR) 1888-current, 1914-06-18
NEWS OF FARM AND RANGE
BUYING WHEAT NOW
AT 70 CTS PER BlJ
UNHARVESTED GRAIN is CON
TRACTED FOR BY LOCAL
BUYER OPENS MARKET.

Though not bushel of wheat has
yet been threshed in Umatilla county
this year the market for new wheat
Is on and between $4,000 and 250.00) |
bushels has been sold at 20 cents per |
bushel. Most of the wheat is for early |
delivery but according to some of the |
reports current some of the wheat
contracted for will not have to be de- !
livered until September /
H. W. Collins is said to have done
all of the contracting up to this time
ana the names of individual sellers
are not available, the seller in each
instance being pledged to secrecy. 1t
Is no secret, however, that quite a
few farmers have sold and that they
hove gotten price of 20 cents Col
Inns is in Portland today and definite
information as to how much wheat
has been sold is hard to obtain. From
well informed source comes the es-
innate that in the neighborhood of
$4,000 bushels have been sold. An
other estimate places the amount at
25O,000.
Contracting of wheat in advance Is
not an unusual thing in this country
but the contracting of wheat at 70
cents in the face of a bumper crop
predictions for the country is regard
ed as indicating strong market.
Sold Beef Cattle-Ben Mccullough
has sold a car of beef in the Portland
market. He has been keeping beef
en- grass in eastern Washington.
Connolly Deal Closed = The deal
whereby Joe Connolly sold his ranch
and sheep to Frank Sloan was COM
pleted here yesterday. The trade was
made several weeks ago and reported
| in this paper at that time.
4
Finds Perfect Wheat FieldS-That
the wheat fields he saw yesterday be-
| tween Pendleton and Walla Walla on
his auto trip are the most perfect ne
has ever seen in his life was the state
ment made yesterday afternoon By
w. H. Cowles millionaire publisher. OF
the Spokane Spokesman Review and
Chronicle Most wheat fields are
thin and scraggly around the edges,
he said. "but the fields / saw today
kept their perfect proportions cleai
to the fences. Every stem was sc
straight so uniform and so perfect
that the fields looked artificial.
have never been in Umatilla county
before at this time of the year ant
the sights I saw on this trip were {
revelation to me-"
Warehouses Make Money-Declara
tion of dividend of % per cent b!
the Pomeroy local of the Farmers
Educational and Cooperative Union
: as result of the unions grain ware
house operations for the year ende
: June /, is announced.
/ This dividend pays back to tn
: stockholders the last of the principa
d invested bv them In the farmer:
i warehouses" at Pomeroy six year
: ago. with 4 per cent in addition. Re-
turns to the stockholders the first tw
years were per cent each year. Tn
third year 20 per cent was paid, ii
g fourth year 25 per cent, the fifth yes
= 20 per cent and this year % per cen
II The union now warehouses nearly ha
If the grain handled at this point. '
= ). schmidt has been elected presidel
le and w. A. DeBow manager for II
ID ensuing year.
rs Must Pay Income Tax-Co-oper
tive dairies, farmers mutual fire il
surance companies and other simili
cooperative institutions are subject
A. the income tax A ruling to that
o- feet was made yesterday by the trea
~ ury department.
- Still Selling WOOl-The wool bu
=, ers are now concentrated in cent?
- Oregon for sales to be held at Nj
dras and Shaniko. 1t is possible the
=. will be the last sales of the seaso
other sales are scheduled but the ia
- the wool Is we'll sold out may eau
a. the remaining sales to be abandont
The condition of the market calls I
good prices.