Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1897-11-11
WEEKLY MARKET LETTER..
[Ofce of Downing, Hopkins Il CO., Chicago
Board of Trade Brokers, 7ll-71i Chamber of Com
merce Building, Portland, Oregon.]

| Board OF Trade Brokers, T1l-Ill Chamber of COM
merce Building, Portland, Oregon.]
In describing the local conditions OF
the Chicago wheat market for Deem
Der delivery it is simply matter of
opinion whether to assert the market
is manipulated or not. The latter
supposition is the more reasonable.
Stocks of contract wheat have been ex-
htusted by the unprecedented expo TT
and interior demand. High values OBJ
tanning have induced speculative short
sales, with the resulting condition of a
constantly oversold and congested mar
ket. Granting all of which to be true.
the general conditions which ordinarily
control values are so extremely favor
able to high prices that it is matter
OF great doubt as to whether specula-
ton has played any important part in
advancing and maintaining values.
Export clearances of wheat and -four
for the week have been large. The ex-
port demand continues urgent and
promises to increase rather than di-
minish. Stocks at market centers
! show but Il small increase for the season
compared with previous years, al
though the forward movement of the
crop has been unusually large. Receipts
at primary points are beginning to fall
OFT, and it Is becoming more and more
apparent that the spring crop of the
/ Northwest has been over-estimated.
The continued drought assures only u
moderate acreage seeded to winter
| all ! i,.,% IL
tions. Crop advices from Argentine
continue conflicting and contradictory
Advices from Australia assert that
their crop will be below an average and
give no surplus for export. France
continues to buy wheat freely. From
all reports, public and private, it is a
certainty that European stocks are I'M
usually small and European require
ments aDnormally large. The prospect
for the immediate future seems to fully
warrant present values for wheat, and
should any disaster overtake the Argen-
| tine crop it is probable that they will
be fully maintained if not materially
advanced during the balance of our crop
year.
The situation regarding corn values
shows a decided improvement during
the week, although still possessing ele-
ments of radical weakness. Stocks al
ready larger than ever before recorded,
show no immediate signs of decreasing.
On the other hand, the cash demand,
both for home consumption and eX-
port shows a gratifying increase. Val
ues are now ID cents per bushel below
an average for the last ten years, and
the new crop is certainly below an av-
erage in yield. There is little to war
rant "a decline in supplies.
Portland Market.
Wheat-Walla Walla, 75@ 76c; Val
ley and Bluestem, 7701 7Sc per bushel.
tour-Best grades, $500; graham,
1910; superline, $40 per barrel.
Oats-Choice white, 33 q SIC; choice
gray, 3 0 SIC per bushel
Barley-Feed barley, $1,000; brew
ing, $50 per ton.
Millstiffs-Bran, sl4 per ton; mid
dlings, $2l; shorts, $3.50.
Hay-Timothy. $12@12.50; clover,
$l0Mll; California wheat, $40; do
oat, $ll; Oregon wild hay, 5000 per
ton.
Eggs-22 . @25c per dozen.
Butter-Fancy creamery, 45@ soc;
fair to good, $50 40c; dairy, 25@35c
per roll.
Cheese - Oregon. l11ac; Young
America, 121ac; California, 9@10c
per pound.
Poultry-Chickens, mixed, $4,000
800 per dozen; broilers, $2.OO@2.5O;
geese, $500; ducks, $3OO@4.OO
per dozen; turkeys, live, 1Oc per
pound.
Potatoes-Oregon Burbanks, 35@4Oc
per sack; sweets, 81 40 per GENITAL.
Onons-Oregon, new, red, 90c; yell
low, SOC per GENITAL.
Hops-S a l3c per pound for new
crop; 1896 crop, 6@7c.
Wool-Valley, lao l6c per pound;
Eastern Oregon, @l2c; mohair, 20
@22c per pound.
Mutton-Gross, best sheep, wethers
and ewes, So. 5O@2.6 60; dressed mutton,
sc; spring lambs, 3 &c per pound.
Hogs-Gross, choice heavy. 81. so;
light and feeders, So. 90 "a 90; dressed,
"a. so "a 300 per 100 pounds.
Beef-Gross, top steers, 81. 90;
cows. $2.25. dressed beef, 4@51ac per
pound.
Veal-Large, AZ @5c; small, 81
&c per pound.
Seattle Market.
Butter - Fancy native creamery,
brick. 23@ csc; ranch, 1O@15c.
Cheese - Native Washington, 100
12c; California, 91ac.
Eggs-Frcsh ranch, 29@32c.
Poultry-Chickens, live, per pound,
hens, lOc; spring chickens, $4,000
3 co. ducks, So. 50@4.OO.
Wheat-Feed wheat, 500 per ton.
Oats-Choice, per ton, $50.
Corn-Whole. $22; cracked, per ton,
$22; feed meal, $22 per ton.
Barley-Rolled or ground, per ton,
$22; whole, $22.
Fresh Meats-Choice dressed beef,
steers, &c; cows, 8 &C; mutton sheep,
&c; pork, 6 &c; veal, small, g..
Fresh Fish-Halibut, 80 &c: salmon,
la sc; salmon trout, Sc; founders
and sole, 3@4; ling cod, 4@5; rock cod,
DC; smelt, 2 . "a 4c.
Fresh Fruit-Apples, 25c@$l per
box; peaches, rs a soc; prunes, 35 q 4Oc;
pears, 81 per box.
San Francisco Market.
Wool-Nevada ll@ 12c; Oregon, 10
a lac; Northern IA "a l6c per pound.