The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1897-10-29
advertising Rates.
The wheat Markets.

IfluS Qrmor w eQneS0aV Ia response 10
the strength exhibited in the Eastern
markets. but the failure of the Liver
pool markets to follow the speculators
of the New World prevented an advance
here, and prices remain steady at quota
tions. Receipts continue very heavy,
and ships are being loaded as rapidly as
they can be secured. There is a COM
plant about scarcity OF cars in portions
of the uppor country. Selling has
started in more freely this week, and,
with the slow arrival of ships, exporters
are getting about all that they can
handle TO advantage. In spite of the
shortage of ships, the amount put afoat
to date is more than double that of any
previous year, and the heavy movement
continues. One, Portland firm Tuesday
finished loading ship in Portland,
another in Tacoma, and will finish
third one in Portland tomorrow.
The shipping season promises to be a
long one, and will extend pretty we'll on
toward another year. Estimates made
by operators are to the effect that not
more than one-fourth of the crop has
been sold, and of this amount not more
than two-thirds has reached tidewater.
English buyers are not SO anxious for
and are inclined to hold off as long as
possible, in the hope that the brighten
ing prospects in other portions of the
world will have a tendency to weaken
the American market. Australian and
Argentine crop reports grow brighter
with each advice received from there,
and indications are favorable for India
becoming quite heavy exporter. In
the face of these facts. growers are be.
ginning to think that there is qui;e a
large element of chance in keeping Soc
wheat in the granaries. Two cargoes
finished loading yesterday, and two
more will finish today,
Thursday the prices for wheat in
Portland were: Walla Walla, SOC !;
blues.em 81 to 80; valley 80 to s3c per
bushel.
On Wednesday May wheat was not so
eagerly sought for in Chicago as it has
been for some days, the consequence
being widening of the spread dhring
the morning to 338c. December, which
closed yesterday at 943S@9419c, started
with buyers at 947$@95c, and steadily
advanced to 9555c. Offerings up to this
time had been comparatively scarce, but
at that price some of the large commits
sion houses sold freely, and the reaction
to 95c ensued. The prediction of rain
for Illinois. Indiana and Missouri had
some effect on the decline, as did the
report that foreigners, particularly the
French, were reselling at the seaboard.
AT those figures, however, the demand
again improved, and the market became
quite strong.
Liverpool closed 1@114d higher, which
added to the firmness, as did the heavy
ex xports, 6l9, 900 bushels, of which 173,
O00 bushels was in -four. The market
was further advanced on liberal pur-
chaees by one of the houses which had
cold freely on the early bulge, supposed
to be for local professionals, who re.
placed part of a "long' line. Before
the advance was checked December had
sold at 9615c. New York reported $685.
600 bushels taken there yesterday, and
43 loads today. Primary receipts showed
some falling off, and were 327. 900
bushels under those OF last year.
The Continental markets ruled lower.
Paris wheat declined SOLO centimee,
and -four was off 2O@3O centimes. Ant
weTp was unchanged. No. spring
wheat was offered Sc per buahel under
the December price to United Kingdom
ports without bringing In response.
The fact brought the market down. Re-
alization became quite free. The report
of the purchase of 2O5, 900 bushels more
of No. L Northern at Duluth, making
about 800. 900 bushels in all destined for
this market, also had weakening in
fiuence. December was selling at 9576c
at the close.
Liverpool-Wheat-f No. stan
dard California, 2Ss; cargos off coast
nothing doing; cargos on passage, nom
nal and unchanged; French country
markets. quiet; Liverpool wheat, No. l
California, rs lid q ss I'D: wheat and
-four in Paris, dull.
Close: Wheat-Spot, No. red North
ern spring, new. firm at Is 71sd.
Dr. Kings New Discovery for COsump