The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1897-03-05
WEEKLY MARKET LETTER.
Downing, Hopkins s. Company's Review
of Trade.

The increased competition in supply
ing wants of importing countries b
Russia, India, Argentine and Australi
account for the major portion of the de
cline in values. The still further re
duction in values can be accounted fo
by the decreased cost of production
owing to improved machinery and t,
some extent by the decreased cost O
transportation and smaller intervenins
charges between the producer and con
sumer. The extreme low range of val
ues during the last two crop years wa
due largely to widespread commercial
disaster, consequent panic and lessenet
purchasing power. The present specu
latlve contention is that vital changes
have taken place in the known condi
t1ons which have produced previous low
values. To begin with, India is NJ
| longer competitor of America in the
wheat export trade. Famine at home
has stopped her exports more effectually
than war or its attending blockades.
The Argentine Republic, at one time a
serious competitor, is suffering from
two succeeding crop failures and her ex-
portable surplus no longer exerts any
depressing influence on values. Austria
liza, owing to crop failures, has become
an importer instead of an exporter of
wheat. Only two remaining countries
possess exportable supplies of wheat
America and Russia condition that
cannot be changed for more than year
to come. Russian advices, always un-
reliable, still indicate that less than
the usual amount of wheat is available
for export. American supplies are
known to be far below the average of
recent years. In France the crop pros
poets are far below those of the preced-
ing two years. If we grant for the
sake of argument (and it cannot be re-
futedD, that excessive competition dur
ing recent years has decreased wheat
values, the the present conditions war
rant return in part, if not wholly, to
the normal range of prices before such
competition depressed values.
Market Quotations.
Portland, Or, March 2, 1897.
Flour-Portland, Salem, Cascadia
and Dayton, $4.25; Benton county and
White Lily, $4.25; graham, $3 so; su-
perfine, 50. rs per barrel.
Wheat-Walla Walla, 100 SOC; Val
ley, 80 @S3c per bushel.
Oats-Choice white, 500 4oc per
bushel; choice gray, 3s@4Oc.
Hay-Timothy, $13O13. so per ton;
clover, $11.0Q@ 1900; wheat and oat,
$40. 00@11 per ton.
Barley-Feed barley, $1s. 90 per ton;
brewing, $40.
Millstuffs-Bran, $500; shorts,
$16. so; middlings, S26.
Butter-Creamery, 45@50c; dairy,
300 40c; store, 171a @30c per roll.
Potatoes Oregon Burbanks, 65 a roc;
Gsarnes Ghiles, zoe; Early Rose,
roc per sack; sweets, $500 per
Genital for Merced; new potatoes, SIC
per pound.
Onions-S1.25@1.5o per sack.
Poultry-Chickens. mixed, $4,000
8. 90; geese, $4@5; turkeys, live, 100
1o1sc; ducks, So. so o. so per dozen.
Eggs-Oregon, lie per dozen.
Cheese - Oregon, 121sc; Young
America, 1890 per pound.
Wool-Valley, 10c per pound; East
ern Oregon, 6@sc.
Hops-9@ 10c per pound.
Beef-Gross, top steers, $2.75@3.0O;
COWS, $2.25@2.50 dressed beef, 40 |
5 1ac per pound.
Mutton-Gross, best sheep, wethers
and ewes, $3.OO@3.25; dressed NUT
ION, 51s @6c per pound.
Hogs-Gross, choice, heavy, $3.25@
3. 80; light and feeders, So. 5O@3.OO;
lressed, 81. 50@5. 90 per cwt.
Veal-Large,. 5O51ac; small, GO
~ per pound.
Seattle, Wash, March 2, 1897.
Wheat-Chicken feed, $27 per ton.
Oats-Choice, $23 @24 per ton.
Barley-Rolled or ground, $22 per
on.
Corn-Whole,. s1s per ton; cracked,
30; feed meal, $40.
Flour-(Jobbing)-Patent excellent,
IS. 1a;, Novelty A, $4.6O; California
rands, $500; Dakota, $5. So; patent,
6.25,
Millstuffs-Bran, $14.Oo per ton;
horts, $18.
Feed-Chopped feed, $500 per ton;
$22; oilcake meal, $29.
Hay-Puget sound, per ton, $4,000
600; Eastern Washington, $14.
Butter - Fancy native creamery,
rick, 26c; select, 24c; tubs, 23c;
Cheese-Native Washington, 1870.
Vegetables Potatoes, per ton, $3.50
0; parsnips, per sack, 75c; beets, per
ick, 60c; turnips, per sack, 6Oc; .ruta-
agas, per sack, 40c; carrots, per sack,
@ 45c; cabbage, per 100, lbs, $3.50;
mons, per 100 lbs, $40
Sweet potatoes-Per 100 lbs, $3.25,
Poultry-Chickens, live, per pound.
ems, &c; dressed, 10@11c; ducks,
f.0O@5.00; dressed turkeys, 15.
Eggs-Fresh ranch, Ice.
Fresh Meats-Choice dressed beef, |
eers, &C; COWS, &c; mutton, sheep,
), per pound; lamb, &c; pork, &c per s
,und; veal, small, Sc. t
Fresh Fish-Halibut, 4@6; salmon, S
96; salmon trout, 7@1O; founders t
i'd soles, 3@4c. So t
Provisions-Hams, large, lie; hams, /
nall, 111ac; breakfast bacon, 10c; S
y salt sides, SIC per pound. o
San Francisco, March 2, 1897. d 8
Potatoes Salinas Burbanks, 9Oc@ v
10; Early Rose, 70 q SOC; River Bur- h
nks, COG 75c; sweets, $1.75@1.85 per f;
ntal. b
Onions-$1. so Offs per GENITAL. Il
Eggs-Ranoh, 12@13c per dozen. o
Butter-Fancy creamery, 10 @20c; do / t.
,onds, l6@Isc; fancy dairy, Ice; 81
,onds, 13@14c. t;
Cheese = Fancy mild, new, 9e; 81
II to good, 7@skc; Young America,
@11c; Eastern, 14@141ae., n
Wool-Choice mountain, 60 &c; poor