The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1897-08-06
WEEKLY MARKET LETTER.
Downing, Hopkins q Company's Review
of Trade.

| of Trade.
The important factor in wheat last
week was the large foreign demand.
A lesser influence was the appearance
of the July bulls as large buyers of the
| September.
The general view of the trade is that
the situation is favorable for compare
lively high prices. The fact that the
market has had within fortnight an
advance of 1Oc per bushel, and that the
new crop movement has not fairly
started to keep, however, an influential
party in the field. AS to the final out
come of the situation, it is remarkable
how close speculators are together.
Their differences are hardly more than
as to the time for an advance and it's.
extent.
Receipts of new wheat at Chicago are
away under last years. The big Kan
sas crop shows in the arrivals at Kansas
City. which, without being go very
large, are good deal over IL months
ago, yet the foreigners have taken all
of this Kansas wheat they could get.
None Of it is moving toward Chicago,
unless it is to go through to the other
side. The small receipts are more sig
nificant because July is 4c over Septem-
Der, an incentive to rush the grain here.
Furthermore, Chicago July is 1c and
&c over St. Louis, Toledo or Detroit.
The completed crop movement last year
developed that the 1896 winter wheat
yield was very much less than anybody
had assumed it to be. With July al
most ended the receipts this year at
Chicago are vastly less than last, the
weeks shipments exceeding the ar
rivals.
Our visible supply showed an in
crease of LISA, ,Oo0 bushels. and now
totals 17,814,00O bushels, against 49,
754, 900 bushels year ago this time.
The foreigners took freight room in
two days last week for as much wheat
as will be received at all the primary
markets in fortnight. It is certainly
nothing against the market that there
This has made it somewhat uncom-
Portable for the professional short
sellers. These latter have found out
that there was somebody to meet their
raids. The long line has not, however,
been large enough to be threatening,
and the tactics have at no time been
offensive. 1t looks as if the July would
GO out at a moderate premium over the
September, and as if the campaign
would be continued through September.
Portland Markets.
Wheat-Walla Walla, 76@77c; Val
lev 79c per bushel
Flour-Best grades, 81; graham,
IS. so; superfne, $2.25 per barrel.
Oats-Choice white, 38@4Oc; choice
gray, s7@39c per bushel.
Barley-Feed barley, $16@16. 80;
brewing, $18@19 per ton.
Millstuffs-Bran, $14 per ton;
middlings, Sal; shorts, $3.50.
Hay-Timothy, $12.50; clover,
$10@11; California wheat, $1o@
IL; do oat, $11; Oregon wild hay, sec
10 per ton.
Eggs-12K @13c per dozen. ,
Butter-Fancy creamery, S5@40c;
fair to good, SOC; dairy, 25@30c per
roll.
Cheese = Oregon, 11kc; Young
America, 121ac; California, 90 1Oc per
pound.
Poultry-Chickens, mixed, $2.50@
go, per dozen; broilers, $1.5O@3.O 90;
geese, So GA; ducks, So. 50@3 per dozen;
turkeys, live, 1O@11c per pound.
Potatoe s.-Oregon Burbanks. $50
45c per sack; new potatoes, SOC per
sack; sweets, $1.9o@2.25 per GENITAL.
Onions-California, new, red. $1.25;
yellow, $1.5O per GENITAL.
Hops-l0@11Rc per pound for new
crop; 1895 crop, 4@6c.
Wool-valley, 11@13c per pound;
Eastern Oregon, 7@9c; mohair, 2oc
per pound.
Mutton-Gross, best sheep, wethers
and ewes, 21@2Hc; dressed mutton,
41ac; spring lambs, 51a per pound.
Hogs-Gross, choice heavy, 81; light
and feeders, $2.50@s; dressed, $50
4.25 per 100 pounds.
Beef-Gross, top steers, $2.75@3;
cows $2.25 dressed beef, 4@51ac per
pound.
veal-Large. 81 @418c; small, so
5 1ac per pound.