The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1881-04-08
TuE WHEAT MARkET.


TIE WHEAT MARkET.
We publish the following from the
Commercial Reporter of last Week.
The Reporter is one of the very best
authorities on the coast on such mat
terS.
Early in the week foreign advices
were OF al Irregular tone and Lusi-
ness much neglected. This contin-
ued until Wednesday, when 1t was
cahled and holders were firm, which
together with an increased inquiry,
10 some extent probably for CONT
mental shipment, caused ilrmer
market. The advices caused
rather a better feeling throughout
the United States and our market has
responded as much as possible in the
face of the tonnage question and light
business. Shippers here have Sc
cured quite aquartiiy mostly early
in the week. when many sellers be-
coming afraid of threatened lower
turn, let go more readily. The basis
on which most purchases were made
was $3.50 here on wharf. Where
any higher figure was paid there was
some consideration, such as storage
or insurance paid ahead. given. We
are informed of purchases by mill
at the above figure, while some par
ties strenuously assert that more Is
paid in the interior. This latter We
must doubt at present. In Il quiet
way sales for the week have been
fairly large, purchases being against
expected tonnage. Even under the
most discouraging circumstances 1t is
hard 10 get wheat below rates now
quoted, although freights may be
high. Several operators claim II bet
ter future, but upou just backgrounds
is difficult TO say. We this week
give extended rt pofls by mail OF the
foreign trade, which are quite valua-
bic. Shipments foreign TO date since
August lst have been SS5, S42 centals
wheat and 1866 barrels of flour.
Last year for the same months wu
shipped foreiga 1927, ,534 centals
wheat and 1862! barrels fisur.
When it IS known that for the entire
season Of 1S79-S0 we exported ,, ,oS4,-
LOG cts. wheat and 1913, $50 bbls flour
foreigns it will easily be seen that
our foreign exports thus far f'r 1880
81 are coniiderabIy less than for last
season. The export of April-July,
1880, were lj6,572 centals wheat aud
II ,403 barrels flour, and should We
do no better in the remaining four
months there must have been either
a smaller crop or will be larger sur
plus. Shipments To San Francisco
are not at present obtainable but are
admitted to be less than for last sea-
son
Tie tonnage question seems tO be-
come more mixed. We are constant
Iy adding 10 our list and believe it
quite full. Still vessels do not come
the only arrival In Il week being the
Scottish Fairy, under charter. The
only clearance IL the Viola. Several
vessels are due, for which cargoes ara,
generally received. Inabsence of ves-
sells there could be 10 spot business
and while there has beeh much talk
of chartering to arrive there has been
little business. An iron vessel so0n
to arrive refuses 82s Cd for orders.
An iro.f bark due within the month,
gets Sis Sd with slight commissions
of, understoon Ia lie for orders. An
other small iron bark, taken about
ten days since receives sos, but the
options:and te.ms of charter really In
creases the rate. For July IT'S Cd is
claimed to be good quotation and
wooden vessels are r..ported 10 be Sc
cured to load at SaE Francisco in the
same month for 70 Cd. The most
forward rate is probably an offer Of
62s Cd for 1st Of December cancella-
ton at this port. 1t must be reInem-
bered in perusing our list that many
vessels cannot be here until July or
August, someeven later, and Of these
near at hand a part will he required
for salmon loading. The amount Of
disengaged tonnage coming is ex-
tremely small, but some low-prieed
vessels are open for re-charfer. 1t is
difficult ID get at the true rate paid
for vessels, but those above mentioned
are conceded to be certain.