The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1898-09-02
8santy 0lsrk
WEEKLY MARKET LETTER.
tReported by Downing Hopkins & Co., Inc,
Commerce building, Portland, Oregon.]

l. U
Commerce building, Portland, Oregon.l
The wheat situation in a nutshell is:
A big crop has been raised in this
country. In Europe there is an av-
erage crop. Taking the worlds inn
porting countries, their requirements
are, according to Beerbohm. 346,000,-
900 bushels, while the surplus of ex-
porting countries is Ala, 900, 900 BUSH
els, or 68, 10000 bushels more than
requirements. When it is considered
that stocks are unprecedentedly low,
the bins the world over having been
swept bare, a surplus of 68.000,000
bushels will hardly bring supplies up
to normal condition. With light
stocks, moderate receipts. fair export
business, averaging 3,50O,0 900 bushels
per week, and with prices only Ice
above the low point made during the
panic, when supplies the world over
were excessive and money hard to get.
it does not seem good business propo-
sition to sell wheat short at 62c for
December or 64c for May.
General business in the countryf1as
never been better. In the past ex-
tremely low prices have never been
made on grains except when stocks
were excessive. There is no danger
this year of stocks being especially
burdensome, and while large number
of Traders are bearish. those who are
inclined to analyze the situation close
ly are afraid to sell wheat short at
present. Northwestern farmers are
stacking more wheat than usual this
year in that section, but there are
many who will thrash in the fields and
rush the wheat to market, as they are
unable to hold it, being without stor-
age facilities. In the Southwest there
was evidence of an enlarged movement,
the claim being made that millers had
stocked up, and that hereafter wheat
will have to be shipped to terminal
points. In the older winter-wheat
states offerings are light, and millers
are paying relatively higher prices
than are to be had at other points. St.
Louis ia &c over Chicago for Septem-
ber, so that it should be drawing wheat
there which might come here were the
price favorable. AT present Chicago
10 the lowest wheat market il tive
country. 1t is q question of receipts,
export demand, and speculation. After
September l, when speculators return
from outings, business may increase.
Seattle Markets.
Observation-Disclosures $1O@14 per
ton.
Beets, per sack, 81. 10; turnips, S5c;
carrots, 81; radishes, 12Mc; new Cali
fornis onions, 81. 90; cabbage, a @2o.
Fruits-Ca.ifornia lemons. $6.5O@
100; choice. $3.50 seeding oranges.
81. 80 case; California navels, fancy.
s. @3.25; choice, S2.5O@2.75; BAN
anas, shipping, $2.25@2.75 per bunch;
peaches, Yakimas, $4,000; Wenat-
chees, small, 60@65c.
Butter-Fancy native creamery,
brick, a5c; ranch, 14@ l6c; dairy, 15@
18o; Iowa, fancy creapery. 25c.
Cheese-Native Washington, I11a@
12c; Eastern cheese, IL y @12c.
Meats-Choice dressed beef steers,
prime, 7c; cows, prime. 61ac; mutt
ton, &c; pork, 7@7Ac; veal, 5@sc.
Hams-Large, 10Ac; small, lie;
break fast bacon, IL
iIfC, PCi POuhu,
14c; dressed, 16c; spring chickens,
.75@3.5O.
Fresh Fish-Halibut, 81 @4Rc;
4 u @5c; salmon trout, go
lOc; founders and sole, SO 4c; herr ing,
4c; tom cod, DC.
Oysters-Olympia oysters, per sack,
$3. so, per gallon, $1.SO.
Wheat-Feed wheat, $20@21.
Oats-Choice, per ton, $24.
Corn-Whole, $24; cracked, $24;
feed meal, $3.50.
Feed-Chopped feed, $17@21 per
ton; middlings, per ton, SIT; oil
cake meal, per ton, $35.
Barley-Rolled or ground, per ton,
$24; whole, $22.
Flour-Patent, $4.1O, bbl; strsights,
1886; California brands, 81. 60; buck
wheat for-, So. so; graham, per bbl,
$4.25; whole wheat -four, $3.50; rye
-four, $4.25.
Millstuffs-Bran, per ton, $14;
shorts, per ton, $16.
Hay-Puget Sound mixed, 5000;
choice Eastern Washington timothy,
$14.
Eggs-Paying 19@2o, selling a1o.
Portland Market.
Wheat - Walla Walla, 54c; val
ley and Bluestem, SIC per bushel.
Flour-Best grades, So. a5; graham,
e2.s5; superfne. $2.25 per barrel.
Oats-Choice white, S6@37c; choice
gray, 84@35c per bushel.
Barley-Feed barley, $40; brewing,
&21 per ton.
Millstuffs-Bran, $14 per ton; mid
dlings, sal; shorts, $14; chop, $13 per
ton.
Hay-Timothy, $1o@11; clover. 50
@10; Oregon wild hay, $9@10 per ton.
Butter-Fancy creamery, 45@50c;
300; dairy. s0@35o store,
Cheese-Oregon full cream, 11@12o;
Young America, 1870; new cheese,
10c per pound.
Poultry-Chickens, mixed, $3@3.50
per dozen; hens. 81 90; springs, $l.5o
or. 90; geese, $4.0O@5.OO for old.
e4.5005 for young; ducks. $4,000
400 per dozen; turkeys. live, 10@
12Hc per pound.
Potatoes-45 q SOC per sack.
Onions-California red, $1.25 per
sack; silver skins, 81 25@1 40.
Hops-5@121ao; 1896 crop, 4@6c.
Wool-Valley, 10@12c per pound;
Eastern Oregon, S@12c; mohair,
25c per pound.
Mutton-Gross, best sheep, wethers
and ewes, SIC; dressed mutton. &c;
spring lambs, INC per lb.
Hogs-Gross, choice heavy, $4.76
light and feeders. $3.0O@4.00; dressed,
IS. 5O@6. SO per 100 pounds.
Beef-Gross. top steers. 3.50@S 1915;
COWS, So. 10000 dressed beef,
X AR1/c NOR pnrnd