Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1898-09-09
WEEKLY MARKET LETTER,
Reported by Downing, Hopkins & Co., Inc,
Board OF Trade Brokers, III TO ia Chamber Of
Commerce building, Portland, Oregon.l

+ Commerce building. Portland, Oregon.l
The wheat stu alton in q nutshell is:
A big crop has been raised in this
county. In Europe there is an av-
erage crop. Taking the worlds i'm
/ porting countries, their requirements
are, according to Beerbohm, 346, ,O00,-
900 bushels, while the surplus of ex-
porting countries is Ala, 900, 900 BUSH
els, or 6S, 10000 bushels more than
requirements. When it is considered
that stocks are nprecedentedly low,
the bins the world over having been
swept bare, surplus Of 68.000, 900
bushels will hardly bring supplies up
to normal condition. With light
stocks, moderate receipts, fair export
business, averaging S,50O,000 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 country has
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 a large number
oi Traders are Dearish, those who are
inclined to analyze the situation close.
" 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 1t, 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 Is 90 over Chicago for Septem-
ber, go that 1t should be drawing wheat
there which might come here were the
price favorable. At present Chicago
Is the lowest wheat market in the
country. 1t is question OF receipts,
export demand, and speculation. After
September /, when spectators return
from outings, business may increase.
Seattle Markets.
Vegetables-Potatoes -$l0@14 per
ton.
Beets, per sack, $l.10 turnips. Soc;
carrots, 81; radishes, 12Ac; new Cali
fornia onions, 81. 90; cabbage, ~ gao
Fruits-Caliiornia lemons. $4,000
100; choice. $3.50; seeding oranges.
$3.50 case; California navels, fancy,
SS@9.a5; choice, &2.50@s.75; ban
snas, shipping, $9.96@9.76 per bunch;
peaches, YakImas, 10000; Wenat.
ohees, small, 60@65c-
Butter-Fancy native creamery,
brick, s6c; ranch, 14@l6c; dairy, 15@
l8c; Iowa, fancy creamery. S5c.
Cheese-Native Washington, 11K@
lac; Eastern cheese, X @12c.
Meats-Choice dressed beef steers,
prime, &c; COWS, prime, 616c; NUT
ton, 10; pork, 7@716o; veal, 5@sc.
Hams-Large, lOAc; small, lie;
breakfast bacon, II ID.
Poultry-Chickens, live, per pound,
lac; dressed, l6o; spring chickens,
2.75@3.50
Fresh Fish-Halibut, 81 @415c;
steelheads, AZ @5c; salmon trout, 90
l0c; founders and sole, 3@4o; herr ing,
DC; tom cod, 4c.
Oysters-Olympia oysters, per sack,
S9. 90, per gallon, $1.S0.
Wheat-Feed wheat, S20@21.
Oats-Choice, per ton, $24.
Corn-Whole, 1874; 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,
s24 whole, $22.
Flour-Patent, S4.10, bbl; straights,
1886; California brands, 81. 60; buck.
wheat -four, $3.50; graham, per bbl.
S4.95; 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 1920, selling 2lo.
Portland Market.
Wheat - Walla Walla, 54c; Val.
ley and Bluestem, SIC per bushel.
Flour-Best grades, So. 30; graham,
e2.S5; superhne, $2.25 per barrel.
Oats-Choice white, 36@37c; choice
: gray, S4@85c per bushel.
Barley-Feed barley, $50; brewing,
| $2l per ton.
Millstufs-Bran, $l4 per ton; mid
dlinpa R2l. shorta &l4. chon &10 NOR