The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1881-04-29
WHEAT.

The week has shown quiet, al
most dull, market. Sales have been
small and on basis OF 81 80 on whnrf.
The holidays abroad prevented bHsi-
ness there, and as no advices were
received here, operators naturally
held aloof from the market. The
uncertainty of the freight market
here, uncertain owing to the high
asking freight rate and evident un-
willingness OF shippers to meet the
views Of ships also tended to prevent
business. Holders all along have
declined to let 60 under $1.30, and
now that ships have got all they de.
manded IL Is not probable that wheat
will decline. There are number OF
cheap ships near at hand which can
allow $3.50 to be paid. or course
with freight at Dos. that 3gure could
not be paid, but exporters will work
as serves their purpose best. The
foreign market for the past two days
has shown considerable frmness,
with o quoted advance In somo
qualities, but the market abroad cam
not be said TO show O healthy under
tone. The San Francisco Merchant of
April 1st, contained statement Of
wheat ON hand In the State of Cali
fornia, placing the stocks at 714,019
short tons. These figures, large as
they may seem, bear evidence of
correctness, as In many sections
it Is now known that stocks were
underestimated 1T the turn OF the
year. The yield of the southern
portion OF the State Is believed to
have been largely underestimated.
In the face OF heavy promised
yield at the rapidly approaching har-
vest and the presence Of 80 large
quantity Of old wheat there can be no
decline In frelghts. II Is said that
California, with the tonnage In sight,
cannot possibly clear moro than $780,
900 short tons prior TO July 1st, at
which time tho new crop begins to
move. Add 49l, 900 short tons TO
the 100000, confidently expected
from the coming harvest, and for the
fourteen menths coming there must
be TOO, 900 TO 200, 900 tons OF ship
ping TO transport Caliornia's grain.
Oregon Is In much the same condition,
although small figures are used, anu
what affects California also affects
Oregon.
The iron ship EHerJank has been
taken at SIS Cd for Liverpool, with
usual advance Of 2s Cd II for orders.
The vessel had been on the market
some days demanding this figure. IL
IL reported this morning that the iron
bark Oduiia, now at Victoria, has
secured the same rate. There are
now no distinguished vessels in port,
apd those now expected have charters
secured, although they might bo
open TO recharter.
The Ohio Department OF Agricul-
ture makes o report Of the condition
OF the Winter crop In that State
which Is not encouraging TO the wheat
growers, There was larger area
sown TO fall wheat, but this later re-
port estimates the damage by winter
kill Of 80 per cent. It Is probably too
early Ia the season to make such q
definite estimate. 1t may chance
that when Spring-lIke weather shall
come, with warm rain and genial
sunshine, the wheat fields that had
seemed so dead will come TO life
again, TO the surprise OF this early
estimate Of loss, as well as an agree
able surprise, to the wheat growers.
At Adelaide, Australia, January
2lst, II Is stated that the rearIng wa,
nearly completed, and small out
come Of tho wheat crop was generally
expected. The samples were vari-
able, the best not coming up In
quality to crop of 1850. Prices were
above English limits, aud, with
the ruling freights, wheat could not
be laid down In England under 49s
10 sos per 4so MS. cost, freight and
insurance. Wheat was In good de-
mand and competition active for
choice samples. There were plenty
Of vessels unengaged. d.-COmmereial
Reporter.