The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1891-08-22
MARKET REVIEW,

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sSs * t.aazTHuRsDAyssAu 20, :lssl.i.c 4
The usual business of the. week has
been had and the upward tendency of
grain has stimulated all classes of trade.
There is quite an inquiry for wheat
Sacks. The iWasco warehouse is furnish
ing Calcuttas at cents, and the stores
are asking. 911s to 9I4.s As there is a dis
position ongthe part of some farmers to
hold their wheat for futures, thereby
saving storage. there will be less irnme-.
diate demand for sacks on that account.
The anticipated decline in sugars has
/ mot taken place, and with no prospect Of
change IN. prices. There is. no material
change inethe lines of staple groceries j.
coffee remains steady, although New
tsYork quotations note weaker market.
Er.% 1.-THE WHEAT MARKETS, -ast e5si
The week past has been one of in
tense excitement in the great wheat
centers. Chicago and New York, owing
to -discouraging reports from Europe,
went wild last SATURDAY and Monday on
t''change, and the bulls and bears had it
rough. Finally the. bears overcome the
OufIS anu GllO piASOo OtOPHCo 1"AI
Ito 1.0311a and since the furry advances.
are again reported. The great deficiency
of 800, ,000, 900 bushels which has been re-
ported has been cut down to about 80,-
FOO0 900 bufhels after the surplus and re-
serves have been exhausted. The Can
adian dominion, the Canadas, the North
west territories and British Columb bias
product for 1891 is SO, ,f6o, 900 bushels
and their consumption is. 32,972, 900
bushels, leaving surplus for export of
t22, ,1S0, 900 bushels. This surplus to-
gether with the surplus of the United
Estates does not cut any figure in the
great deficiency of the world. Rye,
which is the breadstuff of the most of
Europe, is no longer the cheapest bread,
fas quotations are as high or higher than
twheat. In the Chicago market it is to
8 cents dearer than wheat, and corn is
on Change at 721s cents per bushel.
San Francisco or Oregon quotations of
1wheat are not dependent on New York
or Chicago's market for criterion on
prices, as their markets are in. the
United Kingdom, and whatever the de-
mand or market tendency is, reflects on
our own market here as that is the port
for discharging our surplus grain. s..=,.r
1 There is doubt as to the United
States great surplus this year. The
Pacific coast will fall short of its esti-
Emates'10r tos15 per cent. judging from
Experiences in Eastern Oregon and
Washington. Speculations are rife
on--beuntiful- haEHests ;--for4instanee,
Sherman county was estimated to pro-
duce 81 ,0065OHo. bushels this year, which
is wild calcuIationy also, Wasee county
was put5loMn to ee0,eee BaBhele early in
the season, and her product will not be
bower 35O, 1000 bushels, The same extraya-
CANT prediction has prevailed through
out the inland empire to ohacmore or less
degree, and when the closing up of the
4 figures are made after harvest, the yield
j will fall short of estimates from 10 to 20
percent. This may seem an extraVagant
opinion, but it will be nearer the truth
than otherwise. In our own local mar
ketithere has not been any new wheat
brought ia, but our buyers are making
figures for 70 cents per bushel for No 1
and 20 cents for No. 2. The most of the
/ product will class No. 2 this season.
I While there has been slight advance
4 in wheat, flour has maintained the same
price, but an advance of 20 cents per
barrel is looked for in few days, for the
reason of advances in wheat and the in
creased demand for flour for export to
the Orient.