Daily capital journal. (Salem, Oregon) 1903-1919, 1916-11-14
Potato Damage Now
Feared On Account
Of Colder Weather

Portland, Ore, Nov. 14.-Mueh fear
is expressed by the local trade regard
ing potatoes during the cold weather
Much stock has been stored in places
where it would not take extreme cold to
Chip the potatoes and thereby render
them unfit for outside shipment.
The local docks are said to be loaded
with potatoes and these are usually con
sidered the most dangerous.
Market for potatoes is stagnant so
far as buying at country points is con
cerned. Practically every outside buyer
quit operating in the country last week.
Some of the previous buyers are more
than willing to let 90 of their supplies
at sums slightly less than they paid the
farmer. This condition is Sdue to the
fact that no cars are obtainable, and
the limits of credit have been over
reached.
Locally there is little doing in the po.
tato trade. Most of the retailers pur-
chased rather literally at-high prices
in the country during recent weeks. and
they have all stocks needed for i'm
mediate requirements.
Cereals Are Booming
Great strength is shown in the market
for hay and in fact all cereals in the 10.
cal market for the day. Offerings of
hay continue very scant with an ag-
eravated car shortage. The trade here is
freely offering higher prices all around
for supplies. For Willamette valley
timothy bids are as high as $l7 ton
eastern Oregon.Idaho, $40, with grain
HAYS at Sl5 and clover to the unheard
of quotation of $l4@l5 ton.
Much strength was shown for wheat
in Chicago at tfe opening, with higher
prices early. Both Liverpool and Lon
don reported values unchanged.
Northwest bids for wheat are being
elevated again in the interior. This Is
causing additional strength in the flour
market and further price rise for the
immidiate future would not be surpris-
ing instead of the decline previously
believed likely.
Broomhall reported shipments from
North America the past week at: Wheat
6,675,000 bushels, corn 95l 900 bushels
oats l.244,000 bushels.
United Kingdom--World's s shipments
larger than expected, but the amount
to the United Kingdom is much under
requirements with continual absorption
larger. Stocks light-decreased 100000
bushels for the week. Native offers
are moderate.
Russia-Weather and crop advices
continue unfavorable Shipments via
north ports to France last week amount
ed TO 100000 bushels wheat.
F'rance-Weather continues unfavor-
able for planting with heavy rains in
part.
France and Italy continue TO absorb
sufficient supplies and American clear
ances show an increase. Argentine is
shipping lightly.
attest Argentine advices are to the
effect that dryness continues with frost
in parts. In the north, weather is un'
settled.
Beans Are Stronger.
| The bean market is showing consider
able strength throughout the United
! States. In the east the markets have
! been very firm since the season started.
! Growers there have been demanding full
prices, and while buyers have not stock
/ cd up heavily in speculative way, the
! fact remains that the movement OF
beans in the east is rather good despite
/ this.
In California bean prices are being
held firm. Growers there are showing
no disposition to let go except at full
opening prices. Leading buyers have
been holding off in anticipation of 6
break in the ideas of growers, but thi:
has not proven the case. The fact OF
the matter is that in both the east and
west bean prices have been held higl
because growers control the situation al
this time. Stocks of beans in the hand!
of iobbers were never so small rs a.