The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1903-06-25
EASTERN PRICES UP.
Prospect of Poor Crops Sends Wheat
Up by Leaps and Bounds in
Eastern Markets.

Wheat in eastern markets adVanc-
ed by leaps and bounds today, the
closing Chicago prices, S31 cents, be-
ing 3A cents higher than the opening,
The prospect of poor crops in the west
is responsible for the sudden rise.
Prominent wheat men predict that the
price of the cereal will advance to 81
per bushel before the scare is over.
The continuous quotations received at
the two local brokerage firms were
closely watched by farmers today,
who say they believe the local price
of wheat this fall will nearly equal
the price in '9S during the Letter deal.
What is lackin in the yield will be
made up in the price they say. Club
was being quoted at 81 cents and blue
stem around 70 cents today, but little
has been doing in the local market this
week The Commercial Review pub
lshed at Portland has the following
this week:
Nothing new has transpired in the
local wheat markets during the week.
A great many sales have been made
to millers by holders and stocks I'M
sold have been further cut into.
There is not great amount of wheat
left in the country unsOld, as most
of the wheat now held is the property
of the exporter and miller. Crop re-
ports from every section of the North
west indicate that the crop Of this
year will hardly come up to that Of
the year past. In this state, outside
of Umatilla and Sherman counties,
the outlook is not very encouraging.
n
good crop if not damaged by hot
winds before harvesting. Fall grain
is heading and in many places the
heads seem to be of good size. In the
Willamette valley grain is making a
good growth. and the plant is very
promising. In Washington. Adams
county will likely have a very poor
crop as this section of the state was
not benefited by recent rains. The
same can be said Of a section of Walla
Walla county, and unless there is
some rain the next few days the crops
will be a failure. In Whitman county
| the outlook is very encouraging for
a good crop. Spokane, Douglas, Gar
| field, all seem to have fair OutlOOks
| from reports received from our cor
respondents. The western portion of
| Idaho is in good condition. We have
no change of prices to report, as buy
ers are buying on the basis of 75c for
| club and TIC for bluestem. Valley
wheat is in demand mostly from mills
| in California and prices are firm at
| 76c per bushel
Flour-The flour market shows but
little change over the past week, as
all of the leading mills are hard at
| work on orders that will have to be
| filled in the next fortnight, to go to
! Japan. Some orders were received
| this week, but prices were too low and
the same had to be turned down. 1t
| Is foolish for millers to accept any
| orders unless they see a profit in
light as wheat is becoming decidedly
scarce and new stocks will not be OBJ
tainable much before September
Very little flour is going to China at
present as buyers there are working
off old supplies on hand No demand
| is heard of from South Africa or the
L. K. Some good shipments have
| gone to California. Quotations are
without change and range from $3.7;
to s4.25 per barrel, according to quail
/ ity and brand.