The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1898-08-05
WEEKLY MARKET LETTER.
Reported by Downing, Hopkins Co., Inc,
Board of Trade Brokers, I'll to ia Chamber OF
Commerce building, Portland, Oregon.l

Reported by Downing. Hopkins Co.,, Inc,
Board of Trade Brokers, I'll to ia Chamber OF
Commerce building, Portland, Oregon.]
The average wheat trader is bearish,
but does not stand short, an advance OF
No to 1c running him in. He Is afraid
because farmers are not selling their
wheat as freely as they did last year,
although prices are but slightly differ
ent. Conditions year ago were ex-
tremely bullish, foreign crops being
short, and the majority of foreign trad
ers were outspokenly bullish AID had
millions of bushels bought for Septem-
Der and December delivery. They
kept up their buying right along and
made heavy engagements for ocean
room. Freights from Chicago to Liver
pool year ago we're II 10 bushel on
wheat, and now they are 1913. The
American grain trader saw the largest
exports for the twelve months ending
June 80 that he is liable to witness
in many years. Not one in the trade
ever knew their equal. and they may
not witness repetition. Foreigners
are now selling wheat short, as they
know that their home crops are nearly
equal to their requirements. France
will need very little, if any, the Danu-
bian provinces have a larger surplus,
and the majority of the European coun-
tries will not be in the maj ket as buy
ers. Export houses figure that we will
not ship more than l40, 900, 900 bushels
of -four and wheat for the coming
twelve months.
The worlds crop is estimated at 344,-
900, 900 bushels above last years, which
does not warrant higher prices unless
there is an unusual wave of speculative
buying, which for the present is not
discernable. There is no bull leader,
and no prospect of getting one. 1t is
true that the farmers have more money
and are In better position to hold their
wheat, so that it may not be forced on
the market as rapidly as in previous
years. This may have sustaining
influence, but will make a slow and
dragging market.
Exporters at the seaboard and eleva-
tor people here have been short for
July, having accepted orders for ship
ment this month. This has created an
urgent demand for prompt shipment:
1t is too late to get much wheat to the
seaboard for this months delivery, and
the majority of the shorts have covered.
Seattle Markets.
Vegetables-Potatoes 81
per 100 lbs; natives, 5000; Califor-
MIA potatoes, $1.O0 per 100 pounds.
Beets, per sack, $780, turnips, 75c;
carrots, LOO; hothouse lettuce, &C;
radishes, 124c.
Fruits-California lemons, fancy,
$4.OO; choice. So. so; seeding oranges.
$1.5O@1.75; California navels, fancy,
$3@3.25; choice, $2.50@2.75; BAN
anas, shipping, $2.25@2.75 per bunch;
strawberries, $1.50 per crate.
Butter-Fancy native creamery,
brick, 17c; ranch, 14@1 16c; dairy, 12R
@15o, Iowa, fancy creamery. zoe.
Cneese-Natiye .WashipsAsn, 11@
II &c. Eastern eassse, II q all.e-ses----
Meats-Choice dressed beef steers,
prime, &c; cows, prime. 6Ho; mutt
ton, &c; pork, 7@7Ao; veal, 5@sc.
Hams-Large, 10hc; small, lie;
breakfast bacon, IN.
Poultry-Chickens, live, per pound,
13c; dressed, 16c; spring chickens,
$2.50@3.75.
Fresh Fish-Halibut, 3@4c; steel
heads, 1880; salmon trout, 9@1Oc;
founders and sole, 3@4o; herring, 4c.
Oysters-Olympia oysters. per sack,
$3. so. per gallon, solid, $1.8O.
Wheat-Feed wheat, $40.
Oats-Choioe, per ton, $26.
Corn-Whole, $24; cracked, $24;
feed meal, $24.
Feed-Chopped feed, $17@21 per
ton; middlings, per ton, SIT; oil
cake meal, per ton, $35.
Barley-Rolled or ground, per ton,
$25; whole, $24.
FIour-Patent, 81. 10, bbl; straights,
s3.85; California brands, $5. so; buck
wheat -four, Sc. so; graham, per bbl,
$4.25; whole wheat -four, 81. so: rye
-four, $4.25.
Millstuffs-Bran, per ton, $14;
shorts. per ton, $40.
Hay-Puget Sound mixed, $8@10;
choice Eastern Washington timothy,
$l5.
Eggs-Paying 1s@1skc., selling 30
@21o.
Portland Market.
Wheat - Walla Walla, SIC; VAL
ley and Bluestem, 60c per bushel.
Flour-Best grades, So. so; graham,
$8.l0; superfne, $2.25 per barrel.