The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1906-07-20
Situation Remains Unchanged From
That Of Last Week
WILL Be NEW CROP MOVEMENT SOON
REPORTS SHOW THAT THE YIELD
WILL BE VERY GOOD
THIS YEAR..

In commenting on the wheat market
the West Coast Trade SUMS up the
situation as follows:
1.-THE situation is maintaining about
it's former position, though the near
approach of the new crop movement
is commencing to impart an increased
interest, and some advance business
has been done for the new seasons
grain. though it will be several weeks
yet before the market fairly opens.
Present Tacoma prices are maintained
without change, at 70 cents for blue
stem and II cents for club, while ex-
porters state that the quotation for
new grain will be about cents below
hat figure There has been some
movement of wheat cOastwise this
week. and this, with the $4,000 bushels
week. has helped to reduce the surplus
to a considerable extent. There are re-
ports of some business for west coast
ports likewise, but at the present the
export situation is waiting one, and
until more definite information is
available regarding the autumn for the
Pacific northwest, there will be little
business transacted.
Damage to Grain.
CHI tl,ot ho 70
spring grain has been quite serious in
many sections of the Inland Empire.
1t is impossible as yet to ascertain the
full extent Of the losses, but on the
lighter lands the shriveling of the
wheat will amount to a considerable
percentage and, of necessity, previous
high estimates of the extent of the
yield are being modified, though fair
normal harvest is still expected to be
secured.
zone of the developments of the week
has been the announcement that the
railways will not contest the ruling
of the state railway commission re-
garding the fixing of a joint rate on
the state. The results of this decision
will be awaited with considerable in
terest, but from the present outlook
the benefits to accrue will be very
largely in favor of this market. While
the main object sought to be accom-
plished was the according of facilities
to the growers on the O. r. & N. for
reaching the Sound, Tacoma will be a
decided beneficiary, in the opinion of
exporters, through gaining access to
terrintOry on the Great Northern. This
wheat has been going to Seattle in the
past, but shippers can handle the prod
uct more expedtiously at this point,
because of the better shipping facili-
ties. and the local market will gain
business from both north and south,
in the event that the rates are put into
effect without any strings on them"
Dun Gives Figures.
Commenting on the general outlook,
Dun's Review says: According to
some comments, the Snow crop report
for July was calculated to strengthen
quotations, but a careful study Of the
percentages of condition point to about
725,O00,0O0 bushels, which should be
ample for all possible requirements,
even if there should be return to the
halcyon days of big exports. This au- I
thority placed the condition of winter
wheat at harvest at S7.2 per cent,
upon which basis it is not unreasona-
BILE to look for yield of 44O,000,000
bushels. Although excessive rain and
red rust have reduced the spring
wheat condition, there is still possible,
according to this authority, a crop of