Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1897-07-29
WEEKLY MARKET LETTER..
Downing, Hopkins l. Company's Review
of Trade,

of Trade.
Legitimate laws of supply and dc
mand may at times be counterbalance,
by speculation, but they cannot AWAY.
be ignored with impunity. The a,l
vance in wheat values during the weel
has been long overdue. Nominally i
has been caused by reported damages t,
the Russian wheat crop. In reality i
is due to depleted reserves and small
crops. A conservative statement o
supplies at home and abroad is as fol
lows: Importing countries requir,
loo. 900, 900 bushels more than las
year. The only countries with exporta
BILE surplus are America and Russia
The latter, according to latest reports
Will have less than usual for export
America must Therefore reap the benrti
OF the increased export demand For
tunately, we have excellent crop pros
poets, promising at present the seconc
largest wheat crop ever produced il
tins country. In this connection i
must be borne in mind that our reserve,
are practically exhausted, and if the,
| =
crop our exportabe surplus will no
exceed that OF last year by over 81, 900,
900 bushels. Importers are waking III
to the situation, and they have bccl
large and persistent buyers of wheat ii
our markets during the week. The re
sultiny advance, while large and rapi |
Is more than fully warranted, and the
| tnn $
still further.
Exports for the week We're somewha
higher than the previous one, VIII u,
and flour equalling 1878, 600 bushels
while the worlds shipments were re
ported at about 1, 900, 900 bushels. Or
ocean passage decreased 900, 900 bush
els, and our visible supply showed al
increase of 70S, 900 bushels, and now
totals 1909 900 bushels, against Il,
liz. 900 bushels Il year ago this time
There were alarming reports OF dam
age to the Russians greatest fool ant
cereal, the rye crop. An encouraging
feature is the exceedingly light re
ceipts of new wheat, the movement
thus far being very limited and no
amounting to more than one third OF
that of Il year ago. This indicates tina
there is Il very heavy interior dcnant
for new wheat, or else that the new
crop is being held back in antici patio,
of higher prices. Gables have advance,
daily and are very strong, bringin.
buying orders for both English AN,
French accounts, mos ~ future delivery
Portland Markets.
Wheat-Walla Walla, 75c; Valley,
75c per bushel.
Flour-Best grades, 1915; graham
1925; superne, 1925 per barrel.
Oats-Choicc white, 80 a l0c; choic,
gray, 81 a 39c per bushel
Barley-Feed barley, $l6@ 1850
brewing, $3.50 10 per ton.
Millstutfs-Bran, $l350 per ton;
middings, SCI; shorts, SD. so.
Hay-Timothy, $l2.5); clover
$1O@ll; California wheat, $lOD
~; do oat, Sill; Oregon wild hay, SJw
10 per ton.
Egys-l4c per dozen.
Butter-Fancy creamery, 80 a 4 &c
IuiI W SoO'l, oOt, uuIIy SoW oUC PEI
roll
Cheese - Oregon, l.! &c; Youn.
America, IL &c; California, ga Zoe pc
pound.
Poultry-Chiokens, mixed, $3.50
3.25 per dozen; broileis, $l.5O as. 80
geese, SO "a 1; ducks, 81. 80 "a per dozen
turkeys, live, 100 lc per pound.
Pot .toes. Oregon Burbanks. 3oGt
45c per sack; new potatoes, SOC pc
sack; sweets, $2.25 per GENITAL.
! Onions -Caliiornia, new, red. $l.25
yellow, 81. 80 per GENIAL.
Hops-l0@ll lac per pound for new
crop; 1896 crop, 4@6c.
Wool-Valley. Hobo per pound
Eastern Oregon, 1000; mohair, 20.
per pound.
Mutton-Gross, best sheep. wether,
and ewes, 2 a az &c; dressed mutton
4lac; spring lambs, 90 per pound.
lIogs-Gross, choice heavy, -; high
and feeders, 81. 5O@3; dressed, So G
4.25 per 100 pounds.
Beef-Gross. top steers, 80. Is a 3
cows So. %; dressed beef, La &c pei
pound.
Vcal-Largc, 3; small, 4@4lac pc
pound.