The San Juan islander. [volume] (Friday Harbor, Wash.) 1898-1914, 1898-07-07
WEEKLY MARKET LETTER.


/ WEEKLY MARKET LETTER.
| rhe End Of tho Remarkable Leitel
Wheat Deal.
Rddard Of Trade Brokers. III to ia Chamber o
| Commerce building. Portland, Oregon.I
| Letters wheat deal has become 9
thing Of the past. It was q big one
while it lasted. but, like its predeces'
sors, came to an untimely end, leaving
a corpse in the shape of 1000, O0l
bushels Of cash wheat and over 10, OOo,.
600 bushels of futures. OF the cast
wheat 1000, 900 bushels is in this
| country, nearly 5000, 900 bushels be-
ing in the Northwest. The greater
portion of it has been turned over t.
Armour to liquidate, while the foreign
holdings and those afloat are being at
tended to by Alexander Gedds. The
| SIS, 600, 900 in profits have disappeared,
and with them q possibility of losses
of from So, 900, 900 to IS, 900. 900. The
latter cannot be determined until the
wheat is liquidated and all accounts
are adjusted. Some think that L. q
Letter will not have to put up very
much money in final settlement. The
latter, who has taken hand In thu
| liquidation, says the losses will not bt
as large as the trade expects. He is
close f1gurer aud is In position t.
know what he is talking about. The
| trade may never know what the losses
really are. Prices have reached 9
point where buyers need not be afraid
of being badly hurt by the bull side
September was down to 60, drop o.
29c from the high point. It Is now
the price where it should be attractive
| to buyers were it not for the fear thai
| there is more liquidation to come. II
the past seven years September wheat
has sold in June between Soc ane
874c; the highest was In 1898, ano
the lowest in 1895. Last year ths
range was &c l-ec and 66Ko. In 1896
it sold from 300 to 81 3-8, and in 1885,
at 70 So to SAX. The trade has los
it's bull leader and is completely de-
moralized. Liquidation by longs
combined with short selling by large
professional traders, has more thar
equaled Letters holdings. so that they
have liquidated his line for him In ont
sense. The selling fever has taker
hold of the speculative crowd and Il
will have to run its course just tht
same as the buying mania did. Prices
are liable to be carried too low, an(
when 1t comes to covering, there will
be big rally. There Is one thing
against heavy advances; 1t Is the alb
sence of leader to absorb the surplu
and take It of the market.
N Seattle Markets.
OBSERVATION-DISCLOSURES, $1l
Ola per ton; natives, 5000; Califor
MIA potatoes, $1.00 per 100 pounds
Beets, per sack, $l.25; tuInips, $l.25
carrots, $1.25; dollhouse lettuce, GO
radishes, 12Ac
Fruits-Californi lemons, fancy
$8;choice, $2.5O@2.75;seeding oranges
$1.50@1.75; California navels, fancy
$3@3.25; choice, $s.50@2.75; ban
anas, shipping, $2.s5@2.75 per bunch
strawberries, COCO 75c per crate.
Butter-Fancy native creamery
brick, lsc; ranch, 7@12c; dairy. 1s1
| @15c; Iowa, fancy creamery. 18c.
Cheese-Native Washington. 11@
lac; Eastern cheese, 12@12Hc
Meats-Choice dressed beef steers
prime, TIC; cows, prime, 20; NUT
ton, INC; pork, 7@7ho; veal, $3.50
Poultry-Chickens, live, per pound
lac; dressed, leo; spring chickens
| $2.5O@3.75.
Fresh Fish-Halibut, 3@4c; steel
heads, 1880; salmon trout. 9@10c
founders and sole, 3@4c; herring, &c
| Oysters-Olympia oysters, per sack
IS. so; per gallon. solid, $3.50.
| Wheat-Feed wheat, $23.
/ Oats-Choice, per ton, $28.
| Corn-Whole, $25; cracked, &25
feed meal, $25.
Barley-Rolled or ground, per ton
$25; whole, $24.
| Flour-Patent, $4.25, Dbl; straights
g.; California brands, $3.50; buck
wheat -four, $3.50; graham, per Dbl
| e4.25; whole wheat -four, $3.50; ryt
-four, S..
! Millstuffs-Bran, per ton, $15
shorts, per ton, $18.
| Feed-Chopped feed, $17@21 pc,
ton; middlings, per ton, SIT; OF
cake meal, per ton, $50.
Hay-Puget Sound mixed, 5000
choice Eastern Washington timothy
tI5.
i Portland Market.
Wheat-Walla Walla, 60@61c; Val
ley and Bluestem, CSC per bushel.
/ Flour-Best grades. $500; graham
$3.50; superfine, $2.25 per barrel.
Oats-Choice white, 40c; choic'
gray, 88@39c per bushel.
Barley-Feed barley, $22; brewing
ga per ton.
Millstufs-Bran, Sic per ton; mid
dlings, $22; shorts, SIC.
Hay-Timothy. $11@12; clover. 81,
oil; Oregon wild hay, 5000 per ton
Eggs-Oregon, 12k @14c per dozen
Butter-Fancy creamery, 85c
fair to good, 821fc; dairy, 22K ESQ
per roll.
Cheese Oregon full cream, 11@12c
Young America. 121ko.
/ Poultry-Chickens, mixed, So. 50 pc
dozen; hens. $4.00i springs, 81. COCA
geese, $3.00@5.50; ducks. young. So q
400 per dozen; turkeys. live, l1X@
12Hc per pound.
Potatoes Oregon Burbanks, 8O@85
per sack; sweets, $1.75@2 per GENITAL
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