The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1898-05-27
WEEKLY MARKET LETTER.
Trade Conditions In the Leading Cities
of the World.

Trade Conditions In the Leading C1t1cs
of the World.
IReported by Downing, Hopkins q Co., Inc,
Board of Trade Brokers' I'll to ia Chamber OF
Commerce building, Portland, Oregon
Not in the memory of the Oldest
wheat trader has there been time
when the wheat markets the world over
exhibited as much activity and irregu-
larity as CHARACTERIZED them the last
week. The buying furore that started
in the previous week was continued
with increased force. Sensational ad-
vances were reported everywhere on
Monday and Tuesday. May in Chicago
touched $1.85; in New York it was
$191; in Duluth $1.8O; in Minneap-
OILS SLIGO; in Toledo $1.65; in Liver
pool 1.64, and in Paris $l.64. Nav
at one time was 81 over last year, and
at another $1.15. These were the
highest prices, with one exception,
since August, 1869, and that was the
September corner run by B. P. Hutch
inson, in 1888, when the price was put
10 -. In 1877 it advanced to $1.76A.
Short sellers suffered terrific losses. and
the tension became extreme. The bulge
eliminated Tuesday. and prices de-
clined irregularly. Chicago showing
loss of 55c, New York 47c, Duluth 40c,
Minneapolis zoe, Toledo 2Sc, and Liv-
erpool Sc. The advance has been of
material benefit to farmers and millers
having wheat to sell. They took ad-
vantage of it both here and in Europe,
and the wheat was rushed to market,
as there has seldom been a chance to
sell it for such prices for more than
day or two at time. Arrivals at pri-
mary points were 4, ,228, ,222 bushels or
more than double last years. English
farmers deliveries were "a, 400 quar-
ters, AN increase of "a 900 quarters for
the week, with an advance of 3s per
quarter, the price being 45s, lid, the
highest in over l6 years
Letter sold over ,O00, 600 bushels
last week, and in five weeks has dis
posed of about 10000, 900 bushels.
How much more he owns no one but
himself knows. His interests in May
have been largely reduced, but he is so
largely spread out in other markets,
the wheat being held there in some in
stances on joint account, that no relia-
bic figures can be made as to his posi-
ton. His interest, however, is the
lghtest in year.
Seattle Market.
Potatoes Yakimas, $11 Ola per ton;
natives, SO q 10; sweets, 2 q per pound;
box of 80 pounds, $1.75.
Butter-Fancy native creamery,
brick, 21c; ranch, 10@ 13c; dairy,
14@ Ice; Iowa fancy creamery, zoe.
Cheese-Native Washington, 11@
12c; Eastern cheese, 121ac.
Eggs-Fresh ranch, 15c; California
ranch, 14c.
Meats-Choice dressed beef steers,
Sc; COWS, 7@71ac; mutton, Sc; pork,
I've; veal, small, SC.
Poultry-Clickens, live. per pound,
hens, lac; dressed 16c; turkeys.
live, lac; dressed. 17@18c.
Fresh Fish-Halibut, 6@7c; steel
heads. 7@Sc; salmon trout, 9@10c;
founders and sole, SO 4c; tom cod, 4c;
ling cod, 4@ &c; rock cod, DC; smelt, SO
&c; herring, 4c.
Olympia oysters, per sack, So q 3.25.
Corn-Whole, $25; cracked, per ton,
*25; feed meal. $25 per ton.
Barley-Rolled or ground, per ton,
$26; whole, $25.
Flour-Patents, per barrel, $3.50
s. so; straights, $500; California
brands, $6.25; Dakota brands, $500
@$5.75; buckwheat -four, Sc. so.
Millstuffs-Bran, per ton, SIT; shorts,
per ton, $1S.
Feed-Chopped feed, $21 @22 per
ton; middlings, per ton, $18@19; oil
cake meal, per ton, $50.
Hay-Puget Sound, new, per ton,
$lO@I3; Eastern Washington timothy,
SIT; alfalfa, $11; straw, 81.
Oats-Choice, per ton, $28 @3O.
Wheat-Feed wheat. per ton, $26.