Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1898-09-02
WEEKLY MARKET LETTER.
Reported by Downing Hopkins & Co., Inc,
Board of Trade Brokers, I'll to IA Chamber OF
Commerce building, Portland, Oregon.l

Board OF Trade Brokers, III to IA Chamber OF
Commerce building. Portland, Oregon.l
Half of the sc wheat advance made
the previous week was lost last week.
The September, which had advanced
from SO SO to 6S $50, sold back to 65c,
and closed at 65 5-8c. 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 confrmatory 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
had thought only of small stocks and
inadequate movement, and the inclina-
tion of the grower to hold on. but it
turned last week from these immediate
and lesser considerations to the greater,
the amount of wheat that had been
grown the world over.
It has been fortunate for everybody
that the winter wheat farmer was not
in hurry to sell his grain. The result
has been comparatively high prices for
six weeks after harvest, cash wheat,
ih spite Of the apparent abundance,
commanding zoe and over. Almost 40.
600, 900 bushels have cleared since July
/. and at the rate of 1000, 900 bushels
o day, the home consumption since the
beginning of the new crop year has been
almost $4,000, 900 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 conges-
tion which has checked the declines and
has forced occasional rallies.
New wheat is slowly moving into
market. About dozen or more car
) loads 30 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.
y" Portland Market.
Wheat - Walla Walla, 55c; Val.
! ley and Bluestem, $50 per bushel.
Flour-Best grades, $S. 85; graham,
$2.S6; superfne, $2.25 per barrel.
Oats-Choice white, 38@39c; choice
: gray, 36@S7c per bushel.
Parley-Feed barley, $40; brewing
$2l per ton.
i. MlllstufYs-Bran, $l4 per ton; mid
o dlings, gal; shorts, $l4, chop, $1S pc
ton.
: Hay-Timothy, slo@11; clover. 81
: @lOi Oregon wild hay, $e@1O per ton
. Butter-Fancy creamery, 45@5oc
:. seconds, 800; dairy, 8o@85o store
a n 2o@2sMc.
u Cheese-Oregon full cream, 11@12c
Young America, 1870; new cheese
10c per pound.
Poultry-Chickens mixed, $3. 500
Is per dozen; hens, $500; springs, So. 0
@3.00; geese, $4.o0@5.00 for old
10 $4.5O@5 flor young; ducks. $4,000
II 400 per dozen; turkeys, live, loo
,. 12Hc per pound.
II Potatoes-45@ SOC per sack.
II Onions-Californi red, $l.25 pc
'e sack; silver skins, 81 25@1 40.
if Hops-6@Ishc; 1895 crop, 4@6c
r, Wooi-Valley, lO@l2o per pound
is Eastern Oregon, 6@lsc; mohail
n 95c per pound.
l. Mutton-Gross, best sheep, wethel
h and ewes, 313c; dressed mutton. x
10 spring lambs, &c per ID.
j. Hogs-Gross, choice heavy, 81. II
ly light and feeders. $3.00@4.o0 dresseC
IN e5. 0@6.50 per 100 pounds.
Beef-Gross. top steers, S.50@$3.7I
cows, $2.50@3.00; dressed bee
9. 5@6Nc per pound.
NJ Veal-Large, 6@5hc; small, &c p(