The San Juan islander. [volume] (Friday Harbor, Wash.) 1898-1914, 1898-09-01
WEEKLY MARKET LETTER.
Reported BY Downing. Hopkins = Co., Inc,
board of Trade Brokers, I'll 70 IA Chapber Of
Commerce building. Portland, Oregon


Half Of the &c wheat advance made
the previous week was lost last week.
The September. which had advanced
from IS B-8 to SO $50. sold back to CSC,
and closed at 60 $50. The bulls were
disappointed at the government report,
which made the spring wheat condition
almost perfect, and at the continuance
of splendid harvesting and maturing
conditions in the Northwest. With so
much confirmatory Of huge supplies,
the mere matter Of receipts. depending
as they apparently did only on the
mood Of the farmer, in the estimation
of the speculator dwindled In import
ance. The, trade the week previous
bad thought only Of small stocks and
Inadequate movement, and the inclina-
ton Of the grower to hold on. but 1t
turned last week from these immediate
and lesser considerations to the greater,
the amount of wheat that had been
grown Il world over.
It has been fortunate for everybody
that the winter wheat farmer was not
IN q hurry to sell his grain. The result
has been comparatively high prices for
six weeks after harvest, cash wheat,
In spite of the apparent abundance,
commanding zoe and over. Almost 20.-
OOO, 900 bushels have cleared since July
1. and at the rate of l, 600. 600 bushels
day, the home consumption since the
beginning of the new crop year has been
almost 50,OO0,000 bushels, all at fair
prices to the Westerners, for whose
prosperity all are hoping with self in.
terest. The speculator has contributed
to this result by his very bearishness.
The overzealousness of professionals to
discount the big crops has kept up the
short interest and created the coDges-
tion which has checked the declines and
has forced occasional rallies.
New wheat is slowly moving into
market. About dozen or more car
loads 80 far have reached Seattle. More
of the old stock has arrived Of late and
on one or two of the docks there has
been some good large consignments.
Portland Market.
Wheat = Walla Walla, 55c; VAL
ley and Bluestem, $50 per bushel.
Flour-Best grades. S.. IS; graham,
92.85; superfne, $2.25 per barrel.
Oats-Choice white, $4,000; choice
gray, 36@S7c per bushel.
Barley-Feed barley. $40; brewing.
e21 per ton.
Millstuffs-Bran, $l4 per ton; mid.
dlings, sal; shorts, $l4; chop, $l3 per
ton.
Hay-Timothy. &1o@11; clover. 50
Clio; Oregon wild hay, 5000 per ton.
Butter-Fancy creamery, 45@5Oc;
seconds, S5c; dairy, 30@35o store,
2O@22Ho.
Cheese-Oregon full cream, l1@12c;
Young America. l2No; new cheese,
10c per pound.
Poultry-Chickens, mixed. $4,000
per dozen; hens. IS 90; springs, 81. 90
$500; geese, $4.OO@5.O0 for old,
4.50@5 flor young; ducks. 5000
400 per dozen; turkeys. live. 100
12Hc per pound.
Potatoes-45@50c per sack.
Onions-California red, $1.25 per
sack; silver skins. 81 25O1 40.
Hops-5@12hc; 1895 crop, 1000.
Wool-Valley, 100 100 per pound;
Eastern Oregon, 8@l2c; mohair.
25c per pound.
Mutton-Gross, best sheep, wethers
and ewes, $40; dressed mutton. &c;
spring lambs. DC per h..
Hogs-Gross, choice heavy, 81. rs;
light and feeders. $3.00@4.0O; dressed,
IS. 5O@6.50 per 100 pounds.
Beef-Gross. top steers. S.5O@$S.75;
cows, $2.50@3.00; dressed beef,
b@81c per pound.
Veal-Large, 5@516c; small, &c per
pound. 5a-
Seattle Markets.