The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1898-03-18
WEEKLY MARKET LETTER.
Trade Conditions in the Leading Cities
of the World.

WEEKLY MARKET LETTER..
Trade Conditions in the Leading Cities
of the World.
The wheat traders are kept busy
these days watching Letter and Ar
mour, and are unable to see their way
clearly in May. They have given up
fighting Letter, and if he is to have
any scrimmage it will be with Armour.
The latter has been buying in the
Northwest and Southwest, and will
bring 900 cars Of wheat from the North
the seller of May. There was also
liquidation by holders here and in the
Northwest, the latter being closely
identified with Armour. Shorts in the
Northwest have been covering, some
large lines having been taken. No one
but scalpers has the temerity to sell
May short, and they do not stand long,
as they know that Letter controls it,
and can put the price where he desires.
The attention of the trade is attracted
to the July and Septemb Der. There is
disposition to discount the effects OF
possible large crop here and in Europe
this year by selling the new crop
futures at the wide difference under
May. Those who have been bulls on
May, if they are in the market at all,
are selling July and September. The
former has the preference, but there is
more risk in selling it, owing to the
crop uncertainties. Some traders on
July at 9Oc think that September at
7Sc is about on right basis. On the
other hand some very good traders
who have been and are still long on
May are bearish on September and be-
lieve it should be sold on all bulges
They are afraid of the short side of
July, but think the September safe
sale at 12c under the July. No one is
selling May wheat now except Armour
and those who have case stuff to de-
liver. The Starts are getting out. and
the market is narrowing SO that the
speculative shortage by the first of May
is liable to be very small. Those who
have the wheat bought will get the
cash stuff in May. As Chicago is the
highest market in the country, May
wheat here being &c over New York
and Baltimore, 434c over st. Louis,
6 3-Sc over Toledo, 6Ac over cash
wheat in Minneapolis and Duluth, it is
natural that wheat should be drawn
from other than the regular sections
and shipped to this market.
Portland Market.
Wheat-Walla Walla, 75@77c; VAL
ley and Bluestem, 78@8Oc per bushel.
Flour-Best grades, So. So; graham,
$3.40; superfne, So. S5 per barrel.
1 Oats-Choice white, 36@37c; choice
gray, 33 @34c per bushel.
Barley-Feed barley, $17@18.50;
brewing, $40 per ton.
Millstuffs-Bran, $1S per ton; mid
dlings, $23; shorts, $18.
Hay-Timothy. $12.50; clover. $40
oil; Oregon wild hay, 5000 per ton.
Eggs-Oregon, IL @ 12c per dozen.
Butter Fancy creamery, .45@ SOC;
fair to good, 4O@45c; dairy, 35@4Oc
per roll.
Cheese-Oreeon fiI cresn; lsI1lc.
Young America, 13@ 14c.
Poultry-Chickens, mixed, $4,000
$50 per dozen; hens, So 5O@4.5O;
geese, $6.0O@$7.OO; ducks. 5000
600 per dozen; turkeys, live, 11@12c
per pound.
Potatoes-Oregon Burbanks, 40@ SOC
per sack; sweets, $1.75@2 per GENITAL.
Onions-Oregon, $2.25@2.60 per
sack.
Hops-14@16o per pound for new
crop; 1896 crop, 4@6c.
Wool-Valley, 14@16c per pound;
Eastern Oregon, 7@12c; mohair, 2O@
22c per pound.
Mutton-Gross, best sheep, wethers
and ewes, 4c; dressed mutton. &c;
spring lambs, 51ac per pound.
Hogs-Gross, choice heavy, $4.25;
light and feeders. $3.O0@4.O0; dressed,
IS. 90 q $50 per 100 pounds.
Beef-Gross, top steers, $500
3.75; cows, So. 5O@3; dressed beef, 61a
@7c per pound.
Veal-Large, 6@61ac; small, 7@Sc
per pound.
Seattle Market.
Potatoes-Yakimas, $14 per ton;
81 @13; sweets, &c per pound;
box of so pounds, 81.
Butter-Fancy native creamery,
brick, 27c; ranch, 22@23c; dairy, 18
@22c; Iowa fancy creamery, 25c.
Cheese-Native Washington, 100
Aoe, Aosloi IL oIIooSC, 1SZ2C.
Eggs-Fresh ranch, loo; California
ranch, 14c.
Meats-Choice dressed beef steers.
&c; cows, 7@71ac; mutton, 81ac; pork.
&c; veal, small, Sc.
Poultry-Chickens, live. per pound,
hens, 1l@12c; dressed, lac; turkeys,
live, 12c; dressed. 16c.
Fresh Fish-Halibut, 6@7c; steel
heads. &c; salmon trout, 1Oc; foun-
ders and sole, SO 4c; tom cod, &c; ling
cod, 4@5c; rock cod, sc; smelt, 2d@
4c; herring, Sc.
Olympia oysters. per sack, $3@s.50.
Corn-Whole, s23; cracked, per ton,
s23; feed meal. $23 per ton.
Barley-Rolled or ground, per ton,
S23; whole, $22.
'Flour-Patents, per barrel, $4.25@
4. so; straights, $500; California
brands, $4.65; Dakota brands, $5.4O@
s5. IS; buckwheat -four, Sc.
Millstuffs-Bran, per ton, SIT; shorts,
per ton, $18@19.
Feed-Chopped feed, $4,000 per
ton; niddlings, per ton, $24; oil cake
meal per ton $35