The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1898-01-07


Board of Tf0
merce Building
What will LeiJ(
is the question that2
ing traders more than
has about 100000 H.
wheat. He is also long aboc
900 bushels May. He has
enough to make him the power in
market, and it depends upon how hs~
handles it as to the extent of his profit
or loss. If trade falls off he will be
did during October and November, by
trading on both sides. If outside
speculation increases he will certainly
have the best of it. There is large
shortage in May, which gives him
chance toascalp the market on liberal
scale to his profit. There is talk of
trade getting into July, and leaving
May alone. This might help the short
sellers by prolonging the time of de
livery, but figuring on the probable
stocks, the chances for large supplies
by the last of July are decidedly poor -.
for bear. Were the trade to switch
to September aud leave the intervening
months alone, Letter would be left
with his cash and May in position
where it would not be easy to swing
large line at profit, and the wheat
might have to be shipped out to find
a market for it. All these questions
are being discussed by the traders and
nearly every one has a different
theory.
Those who stand between the specu-
lator and consumer, the cash handlers
and the millers, are almost to man
bull1sh On wheat, and are talking
higher prices, some predicting $l.25
for May. Armour and Weare expect
that Letter will win out in good shape.
They figure on the milling demand
reaching such proportion that, COM
bined with the export business, it will
absorb the stocks so readily in the sea-
son that the cash holders can dictate
prices. The question of supply and de-
,mand becomes a factor. This. how
ever, has not always in the past been
benefit to the bulls. Last winter and
spring the cash demand was heavy,
stocks were light, but the Visible was
2 900, 0O00 bushels more than at pres
ent. Millers bought the wheat readily
and decreased prices steadily, but in
the face of the reduction prices did not
respond, owing to the lack of specula-
ton. A supply and demand market
is generally a slow affair, and it may
not be an exception this year.
|, Portland Market.
Wheat-Walla Walla, 74@75c; VAL
ley and Bluestem,s ~ q 7Sc per bushel.
Four-Best grades, $4.25; graham,
So. 40; superfne, $2.25 per barrel.
Oats-Choice white, 35@36c; choice
gray; 33 O. 34c per bushel.
Barley-Feed barley, $1,000; brew
ing, $40 per ton.
Millstiffs-Bran, SIT per ton; mid
dlings, $21; shorts, $1S.
Hay-Tinnothy, sl2.5O@1a; clover,
$lO@11; California wheat, $f0; 90
oat, $11; Oregon wild hay, 5000 per
ton.
Eggs-171a @a21ac per dozen.
Butter-Fancy creamery, 55@ 6oc;
fair to good, 45@50c; dairy, 40@50c
per roll.
Cheese - Oregon. 111ac; Young
EAhlOi iS", AS/2SS N@iiAolAio, oV AVo
per pound.
Poultry-Chickens, mixed, $1.75@
2.25 per dozen; broilers, $4,000. so;
geese, S.. SO @6. so: ducks, $4,000 800
per dozen; turkeys, live, 10c per
pound.
Potatoes-Oregon Burbanks, 35@45c
per sack; sweets, 81. .25 per GENITAL.
Onions-Oregon, new, red, 90c; yell
low, SOC per GENITAL.
Hops-5@14c per pound for new
crop; 1896 crop, 4@6c.
Wool-Valley, 14@16c per pound.
Eastern Oregon, 1880; mohair, 20
@22c per pound.
Mutton-Gross. best sheep, wethers
and ewes, So. so; dressed mutton,
61ac; spring lambs, 51ae per pound.
Hogs-Gross, choice heavy, $500;
light and feeders, $4,000. 90; dressed,
81. so 0@5 90 per 100 pounds.
Beef-Gross, top steers, So. 75@ 800;
cows. So. SO; dressed beef, ~ @6c per
pound.
, Veal-Large, ~ q SC; small, $50
&c per pound.
Seattle Market.
Butter - Fancy native creamery,
brick. 2Sc; ranch, 16@18c.
Cheese-Native " p;
California, 91ac. -