The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1895-12-27
Tho wheat Market.

The wheat situation is puzzier to the
man who is holding for higher price.
In The Dalles, just at present, the wheat
market exists only in name, as no
movement has been noticed for some
time. By Christmas it was expected
that the price of wheat would rise few
notches, but it hasn't done so nor can it
be said there is any immediate prospect
of an advance. Some farmers, who have
held this long, will not be able to hold
for greater period, and some sales may
result at current prices. The CONNER
cial Review of Portland has the follow
ing report which gives resume of the
situation. The report is dated Decem-
Der 24th:
The market for wheat is quiet and
weak, and prices have made decline of
about &c on the week. The movement
from the interior showed falling off on
account of the severe snow storms in
Eastern Oregon, but the volume of
grain received at this port is fully ample
to meet all requirements. Vessels in
port are receiving prompt dispatch, and
in port engaged will be cleared. Ex-
porters are not buying very heavy, as
we have formerly stated that they have
plenty of wheat on hand for all engaged
tonnage, the same has been verified by
the prompt dispatch of seven ships
the past ten days, having on board 275,-
600 centals of wheat and %, 900 barrels
of -four. Shippers are paying here 401S
@50c per bushel for Walla Walla, and
valley SIC. Arrivals of grain tonnage
are decreasing rapidly, and giving ex-
porters plenty of time TO obtain wheat
for future requirements. General wire
advices from the East and Europe
throughout the week were mainly of a
bearish character, with little in the sit
uation of an encouraging nature for the
holding interest, and our local condi-
foreign markets ehould move up sharply,
OF which action, at the moment, no signs
are visible.
FOREIGN MARKETS.
Foreign advices during the week
brought little encouragement to wheat
holders. While there was slight re-
covery in values, the improvement ap-
pears to be merely nominal, as any ad-
vance in asking prices is met by with
sage in quarters is as follows:- To the
U. K. 2,280,000; to the continent,
100000. farmers deliveries of wheat
for the week ending December II were
$4,000 quarters, at an average price OF
| 24s Cd per quarter.
| Broomhall says that the tone of the
market remains very subdued however,
all the time there is an undercurrent of
strength prevailing the situation, the
fact being that in spite of the lack of
speculative sentiment, there is yet a
very large consumptive business passing.
British mills this season will have the
task of rendering into -four something
like 26 million quarters oil foreign wheat,
and will consequently have the handling
of !, ,OGO. 600 sacks more -four than was
the case in 1893-74, considerable in
crease in trade IN go short time as II
or Is months. For the remainder
OF the season the u. K. trade will re-
quire at least 100000 quarters OF
foreign grain weekly, while nearly an
other 400, 900 quarters will be required
by continental countries. Now, when
there is only one-half of Russia's ports
capable of shipping. the remainder being
ice-bound, and the Danube being threat
ened with like visitation from the frost
king, there remains only part of Rus
sia and the Atlantic American ports
whence Western Europe can go to sup.
ply her pressing wants.