Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1898-06-30

Reported by Downing. Hopkins & Co., Inc,
Board Of Trade Brokers, I'll to IA Chamber OF
Commerce building, Portland Oregon.l
The Letter wheat deal, so-called,
which was certainly one Of tie most
remarkable business enterprises of
modern times, has come to an end.
Liquidation is now the order of the
DAY, and many millions Of money
which were at one time profits on one
side of the ledger have been wiped out
by losses on the other side OF that same
truth-telling BOOK.
1t is the old story owe. again OF Pro-
Inetheus challenging the gods. The
forces OF nature are too strong for any
man. and work and contrive as he
may, he cannot maintain himself
against that eternal decree that seed
time and harvest shall not fail.
The outlook in 1897 for the pur-
chase Of wheat justified all that Mr..
Letter did. There were short crops
everywhere abroad, and the United
States alone possessed the grain the
whole world needed and must have.
AS the year advanced and it became
more and more apparent that the short
age was certain, the big deal began to
look more and more promising, and
after the December deliveries were pro-
vided for it seemed easy enough sailing
for the Young merchant.
Mr.. Armour, who is no mean judge
Of such undertakings. and who has
fought many great commercial battle
on the board OF trade, in speaking Of
this splendid deal. said: 1.-The pluck
and wisdom manifested by him in the
remarkable deal which he all but sue
cesfully consummated challenged the
admiration OF men everywhere.
fully expected that he would carry the
deal through safely, as there was merit
in his position.
This Is testimony from one who had
felt the prowcss OF the youthful COM
mercial athlete, and who, in meas
ure, had been put to his trumps to
meet tba. antagonist on his own ground.
and it is therefore all the more trust
worthy as evidence that MI. Letter had
strong position to begin with.
But time and tide wait for no man.
and ever-teeming mother earth gladly
responds to the husbandmans toll.
Unprecedented prices were responded
to by an unprecedented crop, and
bountiful nature offered 10 pour into
Mr.. Letters lap much greater pro-
duct than he cared 10 possess. He
wisely closed the bins.
Seattle Markets.
Neutrality-suspicious., GIL
GLE per ton; natives, 4o@l0; Califor-
MIA potatoes, 81. 60@2 per 100 pounds.
Beets, per sack, $l.23; turnips, Sl.25;
carrots, el.so; dollhouse lettuce, 45c;
radishes, 1870
Fruits-California lemons. fancy,
So; choice. ~ 92.50; seeding oranges,
Sl.5O@l.75; California navels, fancy.
a3@3.23; choice, s2.50@2.75; ban.
anas, shipping, S2.25@2.75 per bunch;
strawberries, coo a 81. 90 per crate.
Buttef-Fnncy native creamery,
brick, l6c; ranch, 7@l2c; dairy, 121
q l5o; Iowa, fancy creamery. l8c.
Cheese-Native Washington, 11@
lac; Eastern cheese, la@12>do
Meats-Choice dressed beef steers,
prime, INC; cows, prime, &c; nut.
ton, INC; pork, no; veal, Sc.
Poultry-Chickens live, per pound,
l4c; dressed, l6c; spring chickens,
S2.60@3.75.
Fresh Fish-Halibut, 3@4c; steel
heads, rose; salmon trout, 9@lUc;
founders and sole, S@4c; herring, 4c.
Observation-Disclosures oysters. per sack.
1913. so; per gallon, solid, $3.50.
| Wheat-S26; feed wheat, 1923.
Oats-Choice, per ton, 500.
Corn-Whole, s25; cracked, S25;
feed meal, s26.
Barley-Rolled or ground, per ton,
$25; whole, 1914.
Flour-Patent, $3.50. bbl straights,
$4.25; California brands, So. rs; buck
wheat four, $3.50; graham. per bbl.
S4.25; whole wheat -four, $3.50; rye
-four, $3.50.
Millstutfs-Dran, per ton, $l5;
shorts, per ton, SlS.
Feed-Chopped feed, s21 @22 per
ton; middlings, per ton, SlS@19; oil
cake meal, per ton S35.
Hay-Puget Sound mixed, Sl0@13
choice Eastern Washington timothy,
Sl5@16.