East Oregonian : E.O. (Pendleton, OR) 1888-current, 1910-09-12
WHEAT DECLINES
BY FRENCH BREAK
NORTHWEST MARKET
FALLS WITH REST
Loss I'm Paris Brings Rest of the
World Lower; Bluestem Differen-
tial Affected and is Smaller.

Lower prices have resulted in the
wheat market here during the past
week but the downfall of prices has
not been early so marked as in the
east andE urope, says Sundays Jour-
nal. The decline in French wheat
values was very heavy and this was
the influence Of most importance in
bringing all other worlds wheat pri-
ces down.
Contrary to expectations there was
a very good selling movement at in
terror wheat points during the early
part of the week although toward the
close as during the preceding period;
the activity was less marked but small
lots continued to be taken here and
there.
One of the features Of special inter-
est in the Pacific northwest market
during the week was the continuance
of the downward trend of the differ
entail between bluestem and other
grades of wheat. At the start Of the
season 10c more was being offered
for milling bluestem than for club
wheat but this week the differential
was cut down to &c and some were
not willing to pay more than &c
bushel additional for the better grade.
Much Depends Upon Outsiders.
Whether the differential between
bluestem and other grades Of wheat
will be further contracted OF widened
again depends almost altogether upon
the attitude Of outsiders. To date
France has not come into the market
for as much bluestem wheat as ex-
pected and has taken fortyfold in
stead. This sells at an advance of &c
a bushel over the club.
California has been inclined to take
some Of our bluestem recently, and
therefore has been bidding up high to
get 1t. Quotations for southern ac-
count have therefore been the high
est in the market during the week.
Farmers are showing a disposition
to let go of about half their wheat
and are content to speculate upon the
remainder.
Oats Steadier But Lower.
Although the price of oats dropped
down to S2S a ton track delivery for
No. white during the past week: this
being decline OF soc to 81 ton from
last weeks purchases; the market Is
really showing a steadier tone and
buyers are more inclined to take hold
at present values. There is an in
clination among some oat growers to
let go OF portion OF their crop at the
price offered but II is unlikely that
any great quantity could be secured
just now at prevailing figures.
Barley showed considerable steadi-
ness and with an advance in California
prices 1t is likely that the movement
from that direction will subside and
dealers will be forced into the local
barley market.
Timothy Hay Scarce and Higher.
Higher prices due to the scarcity Of
offerings is shown by the market for
the better grade hays during the past
six days. Timothy of quality is ex-
ceedingly hard to get just now. Grow
ers are not inclined to offer supplies
and this had forced the bids OF buyers
up from soc to 81 a ton during the
high as $40 a ton was bid track deliv-
cry for No Willamette valley tim
othy but even at the advance little
was secured. The cheaper grades Of
hay are in good supply and hereto
fore the market for them has been
weaker. with the increasing scarcity
of timothy and the higher price there
fore the market for cheaper hays is
steadyins.