The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1897-06-18
WEEKLY MARKET LETTER.

WEEKLY MARKET LETTER.
Downing, Hopkins 3 Company's Review
of Trade.
There was not much trade in wheat
last week but prices were frmer and
the close was 2 cents higher than the
preceding Saturday. 1t is safe to say
that with the statistical situation SO
strong as at present, the volume of gen.
eral trade never was lighter. Specula-
tion is confined to professional traders
who have been educated up to see
nothing but the short side. However,
there is another side to the market.
The Orange Judd Farmer makes an,
estimate of the prospective yield of
winter and spring wheat, placing it-at
515, 900, 900 bushels, somewhat lower
than the former estimates from other
sources. The real stimulus to the mar
ket at present is the unreasonable
weather that has prevailed in the
Northwest for the past two weeks,
and if the wheat crop has recently BEEN
as badly damaged by frost as it is'
claimed, we will see sharp advance
as soon this fact is fully determined.
We are inclined to look for further ad-
vance under the prevailing conditions.
Receipts of wheat for eastern shipment
at Duluth have been light, most of the
spring now going to Minneapolis where
there is an extraordinary milling de-
mand. Beerbohm's report estimated
the worlds shipments for the week at
only $500, 900 bushels. The exports
from both coasts of North America were
reported at /, $50, 900 bushels, compared
with 2,620, 900 bushels last week, and
2, 922, 900 bushels the corresponding
week of last year. The amount on pas
sage to importing countries decreased
in the seven days 1,100, 900 bushels.
The American visible supply decreased
1, 764, 900 bushels and now totals a.
686, 900 bushels. A year ago the visi-
BILE decreased only $3.50, 90 bushels, and
totaled 494, 800. 900 bushels.
The long expected advance in stocks
is now under full headway, and values
have advanced steadily all week, with
scarcely any reaction to speak of.
Portland Markets.
Flour-Portiand, Salem, Cascadia
and Dayton, So. 75; Benton county and
White Lily, 1915; graham, $3.40; su-
perfine, 81. 60 per barrel.
Wheat-Walla Walla, 74@75c; VAL
ley,' 76c per bushel.
Oats-Choice white, 3S@4oc per
bushel; choice gray, s7@39c.
Hay-Timothy, $13.00@14.00 per
ton; clover, $11. so q IL. so; wheat and
3at, $1O.OO@11. 90 per ton.
Barley-Feed barley, $3.50 per ton;
brewing, $1S@19.
Millstuffs - Bran, $14.50, shorts,
SIG. 80; middlings, $3.50.
Butter-Creamery, Soc; dairy, 20@
25c; store, 171a @30c per roll.
Potatoes-Oregon Burbanks, 40 q SOC;
Garnet Chilies, $4,000; Early Rose,
35 @4Oc per sack; sweets, $2.75 per
GENITAL for Merced; new potatoes, 1@
1Ac per pound.
Poultry-Chickens, mixed, $1,000
3.25; geese, $4.0O@5.0 90; turkeys, live,
lOc; ducks, 50. .50@3. SO per dozen.
Eggs-Oregon, 1I@12c per dozen.
Cheese-Oregon. 11Hc; Young
America, 12Hc per pound.
Wool-Valley, lac per pound; East
ern Oregon, 6@8c.
Hops-7c per pound.
Beef - Gross, top steers, $3. so;
cows, $2.50@s.0o; dressed beef, SO
6 Nc per pound.
Mutton-Gross, best sheep, wethers
and ewes, 21ac; dressed mutton, ~
q &c per pound.
Hogs-Gross, choice, heavy, $4,000
80; light and feeders, $2.50@3.Oo;
dressed $3.O0@5.5 80 per cwt.
Veal-Large, 81 @4c; small, 41a@
&c per pound.
Seattle Markets.
Wheat - Chicken feed, $26 per
ton.
Oats-Choice, $21 @22 per ton.
(Jobbing)-Patent excellent,
$780,; Novelty A, $4.30; California
brands, 81. IS; Dakota, $5.65; patent,
$6. 40.
Barley-Rolled or ground, $40 per
ton. whole &10