The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1903-08-07
MARKET YET UNSETTLED.

VReNN1u III OuvOl UuLlOe
The wheat market is In an unset
tied position, says the West Coast
Trade That there. is an urgent de
mand for such wheat as can be used
for milling purposes is clearly ap.
parent, and as that demand is the
present factor in price-making figures
are being held at a. limit well above
the export basis. This is not only
true as regards old wheat, but the
same influence is extending oyer into
transactions in new crop. Consequent.
ly varying prices are being paid in
producing sections and until the ex-
listing abnormal condition il changed
q settled market nse1 not be sxpecr
ed ILLS SMf "a .
locally old crop sbluestem wheat is
quoted at SEC, with 7Sc for club, but
mfllers wanting stock would doubt
less, be required to pay q premium
over these figures, New crop ID quot
ed &c lower at SOC for bluestem ami
76c for club and. red. With current
freight rates Of 20021s Cd for Puget
Sound loading and the Liverpool basis
Of values, a fair export price would
be 73c for club and Tee for bluestem,
hence 1t is apparent that nothing will
be doing for European markets un-
til the mills have gotten In and Sc
cured such wheat as is needed for
supplying an excellent prospective
oriental demand up to the close Of the
year at least. While South Africa has
been importing some wheat, both
from, Argentina and Atlantic sea-
boards there, promises to be fair
call from that important source, AMI
Japan will take an increased quantity
Of wheat over any previous year,
though hardly enough to make any
appreciable effect on market values
as whole. Growers are strong in,
their views, reinforced by the pres
sure of demands for immediate re-
quirements, though it, is doubtful II
any rise in the general situation will
offset the present premium being paid
over the normal export price.
Very little wheat is available as
yet OF will be for some time to come:
Winter wheat harvest has but fairly
commenced, and It will be the middle
Of August before spring wheat is fit
to cut in most sections. Latest inte
rior advices contain the usual varia-
lions in information. Walla Walla
reports still too early to form an In
telngent estimate. Market not open
ed up. Mills paying 75c for old blue
stem wheat. Dayton: rs to 80 BUSH
els to the acre; Is to so bushels of
barley; average 35. Pomeroy: 80 per
cent of last years wheat and barley
crop. Palouse: Middle August before
grain threshing commences. Winter
wheat probably IS per cent Of, last
years crop. Spring wheat promises
full yield. Reardan: Conditions i'm
proved. Quality promises to be good
with freedom from smut. Buyers pay
my $4,000 for club 62@63c for blue
stem. Almira: Wheat on fats prom
Uses 60 per cent Of last year; over the
ridge, as good as last season. Har-
rington: Average about Is bushels
with good quality. Coulee City:
Yield from one-half to two-thirds.,
that Of last year. Around Waterville
and Bridgeport fully two-thirds. Con-
nell: Average about IL bushels, with
a range of 8 to rs bushels per acre.
! The weeks receipts were Is cars,
or 1880 bushels. For July the total
was the lightest since inspection was
naugurated or but 50 cars.
For eleven months total receipts
were f0,682s cars or 10, 486,360 bushels,
with 1896 cars or 4,18O,6S0 bushels,
received at Seattle, a total of 1867
600 bushels for the two. Sound mar
kets.