The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1896-01-24
Wheat Is Taking a Rise.

The Dalles wheat mar ket is strength
ening along with thA>m hrkets in other
places. Since last wee&A the price has
risen from 45 cents to SRcents, which
figure is the quotation gHMen out today.
The trading is light, mdst\of the farm
ers having sold earlier in the fall, when
the rise in price was prohlematical.
There is not much wheat in the ware
houses at present and the roads ae in
that condition which makes hauling i'm
possible. Those who all along have
prophesied that the price in The Dalles
would reach 80 cents have the pleasure
of seeing their judgment proved correct,
as two cents above that figure was given
as the quotation at the Wasco ware
house this morning. 1t can be depend
ed upon that The Dalles market will
pay the highest price for wheat, as it
does for wool, in Eastern Oregon. The
market is in such feverish condition
that it is dangerous to hazard any guess
as to what is to follow. The present
rise is due, buyers say, to demand for
milling purposes. Through the agency
of the Rattlesnake road, the Sherman
county people are getting the benefit of
the rise, as 80 cents have been offered
at Biggs.
The Commercial Review has furnished
The CHRONICLE with the following
statement of the condition in Portland: ::
The course of the wheat market dur
ing the week under review was of a
favorable character to holders, and a
| 10 hr1o I'll
| Walla wheat, at a material advance
over prices ruling short time ago.
Most of the recent transactions were
made in the interior, the spot market
showing few signs of activity. Prices
have advanced fully four cents per cent
al over the preceding week. Sales of
| Walla Walla have been reported on the
basis OF $1.04 here for milling account.
| While the export demand indicates no
pressure, to buy, yet shippers are in the
market at advanced quotations, and keep
| in line with the rise in values abroad.
The inquiry from England for prom pit
shipment cargoes has at no time been
what could be called active, yet it is an
improvement over the marked inactivity
prevailing during the closing months of
last year. At the East wheat was very
active, accompanied at times by sharp
| fluctuations. The general appearance
of the market is favorable to general
advance in values, which, however,
must necessarily be slow, as the heavy
visible supply in all countries does not
justify any short supplies, and it would
be well for holders to canvass the situa-
tion throughout and not place their ex-
pectations too high. Receipts of wheat
the past week were small, owing to
severe snow storms. Shipments foreign
were $4,000 centals. Exporters bids
for Walla Walla wheat here are Sc cents
per bushel. and for valley 80 cents.
EASTERN MARKETS.
There was considerable interest mani
tested in the leading eastern markets
the past week; the volume of business
was larger. The receipt of grain at the
leading distributing centers was fairly
liberal, though not so large as during the
first few weeks of this year. Offerings
at interior points were fair. The move
ment of grain eastward from Chicago
was quite liberal and widely distributed,
largely to manufacturing and milling
sections. In the speculative markets,
the wheat market was of an active ma
ture at times, and the market closes
higher than a week ago. It looked at
one time that the market would get so
bullish that prices might go materially