Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1910-07-01
MARKET REPORT.
Il. ID. Cutter & Co., of San Francisco,
Issue Pamphlet Giving Inter-
esting Statistics.


port just issued by e. B. Cutter &
Co., of San Francisco;
The general values of grains have
been depressed on account of the pro-
missing condition of the growing
crop and the very small dem and, as
is always the case when values are
low. Conditions are different from
what they were last year. ] his
year there Is less speculation less
demand, losses incurred on holdings
| to many and the sentiment has been
slack for business, with slow sale and
small demand. The buyers are work
| ing On almost a daily demand, hence
the depressed conditions that now
exist Concerning the future, we
would all like to foretell it, as we
would then know what policy to pur-
sue We think it never a wise pan
to be too aggresively "bearish" and
weak on values after the damage
has been done. The greater number
weak and dull conditions that exist
We would rather be in the minority
with those who think that, wnen
values are weak, conditions darl. and
the majority feeling weak, it is a
good time to hold, as the general
tendency, if any come, must be only
one way and that is upward. You
have seen some heavy decline in
grains, you all know that values are
far lower than have prevailed for
some time, and hence our commo
sense tells us that there is more
stability at the lower prices than at
the higher, yet all do not think the
same way. Our crops on this coast
look heavy and our own state cOks
as though she will raise a larger
crop than she has for many seasons.
These conditions have helped to
force the lower values and barley |
which sold at $3.50 to $1.75 1-2 last |
year, is now far below that figure |
Feed lately has been sold at from 95c |
to $1.02 IL San Francisco to the |
dealers here, and the demand has |
not been very heavy. Our export
ers, who ordinarily go in and buy to
fill their needs after a big decline, |
have so far this year worked differ
emily. They claim that the European
markets do not justify higher prices, |
as Liverpool and European demand |
is not very good, and as this is our
principal market for barley, they |
naturally do not feel like buying I'M
til the foreign demand justifies. I hey
may come to it later, and we hope
that they will for the sake of the
barley crop in this state, which is
large. Yet in any event we do not
believe that the low prices prevail
ing will go much lower, as the
chances are against it.
Wheat.-Wheat here brings all
the way from $14O to 81 60, de-
pending on the quality and where,
and the general tendency in the mar
ket is dull.
Barley.-Some feed barley has
been sold here at 81 1-2c to arrive,
early delivery or say a fortnight,
and, if it is on the spot, $1.00 is
fair valuation. Dealers ideas here
are widely at variance, some saying
that the heavier offerings will de-
press values shortly, others think
that values are pretty low, while we
think that the low point has been
nearly seen. We will buy barley to
arrive shortly, or say in thirty days
delivery, if our friends will send us
samples of their lots.
Oats.-The oat market here is
rather easy. Good Reds bring $3.50
here; nice Whites are offered here
at $1.40, and there are few buy
ers.
Rye, Bran, Corn.-Unsettled and
hard to quote.
Chicago Market.-It is a weather
market there at the present time, as
can be seen by the changes daily in
the prices on wheat. corn and oats
owing to the changeable weather.
Values there are much lower tpan
they have been for several months
past, wheat especially. You must co
your own guessing, as we cannot
tell the future.
San Francisco Market
December market lob nominal
Spot feed barley 971l5 to 100
Brewing barley loo