East Oregonian : E.O. (Pendleton, OR) 1888-current, 1914-08-25
CHICAGO WHEAT DROPS
AFTER HIGH PRICES

CHICAGO, Aug. 25.-Wheat clos
ed 1-Sc up for September and 38 to |
1-2c off for others. Bull enthusi- |
asm at the opening carried prices to
the high point OF the year at 31.05 |
for December and s1.12 for May. The |
advance was too fast and large guam !
titles of wheat coming on the mar
ket the last hour gave a reaction Of
&c from the top with little rally
at the close. America supplied the
bulk Of the worlds shipments last
week. The tone OF cable news is en-
couraging to buyers but big interests
here are working for reaction.
Broomhall cabled from Liverpool:
american shipments wheat and
flour amounted to 1O,77S,OO0 bushels;
corn $4,000; oats $4,000. United
Kingdom took 100000 bushels and
France l,s39,00O bushels"
Australia-Rain is urgently needed
and the crop outlook is very appre-
| hensive.
Italy-Official corn crop is placed
at 1855 bushels; last year $4,000
900 bushels.
United Kingdom shows general
rains.
J wheat.
September-Open, 80 IA; high,
1Ol: low. 80; close, 99 SIS.
ecember-Open, 1913 ga; high,
lO5; low 1903; close. 1OS SIS A.
May-Open 10 IL; high, 112; low
10; low, 110 S-SA.
PORTLAND, Ore, Aug. 25.-Much
strength continues in all grain mar
kets. In all lines the volume of busi-
ness is limited. as farmers are un-
willing generally to accept prevailing
figures, even though they are higher
than usual. While there has been
more or less talk of sales of blue
stem wheat to interior mills on the
basis of s1.O1 tidewater track deliv-
cry, none of this can be confirmed
here. In any event local exporting
and milling interests say they have
not yet paid above 99c.
Market for club Is holding taut, but
1t would be exceedingly difficult tc
cldlc Mhdl tue CAoNl PAANC "OhA0 "
in the country, because interior in.
, terests are not accepting prevailing
; prices here.
Oats market seems to be a very
sentimental one. Scramble for sup
plies great but the movement con
tinues restricted because of the lacl
. OF selling fever in the country.
, Flour market is firmer for pat
ent, but some of the mills are still
quoting $3.50 for patent
!. on the Merchants Exchange ther
> were stronger and higher bids 70
bluestem and still higher prices ask
;. ed. Saturday bids for bluestem wer
99c with ask prices at $1.01, but to
= days bids were raised but 12c Will
|. the asking price was lifted &c, whic
/, indicated that country holders wer
l. much stronger in their views regard
& ing the market
Oats market showed another gai
4, of soc a ton in bids but none wer
d offering. Feed barley bids were. un
n changed at $21 but asking price wa
E. lifted Csc TO $22.
d Millstuff bids on tn exchange wer
2 soc higher for bran, while short
were an equal amount lower.
Official Merchants Exchange pri
ces:
\ Wheat.
Club-Bid, IS; ask, SO.
: Bluestem-Bid, 80 1-2; ask, LOS.
a Red Russian-Bid, Sc; ask, 81 l..
a Fortyfold-Bid, SO.
W Red fife-Bid, 81; ask, IS 12.
= oats-No. 1 feed, $3.50
,r Barley-No. l feed-Bid, $21; asl
IT s22.oo No. / brewing. bid s21,7S
n ask, $22.25.
20 Millstuffs-Bran, bid, s24.50; asl
70 s25; shorts bid, $3.50; ask, s27.
=, 4.S0; local, straight, s3.s0@4; expor
- Flour-Selling price: Patent, 81
SO@5.5O; Willamette valley, s4.70C
r. straight, $3.50; cutoff, -; bakers As
local, straight. s3.s0Q4; expor
straight. $500; cutoff. 81; baker.
=. s4.70G4SO.
=. Hay-New crop, producers pric
willamette valley timothy, fame
ie sl2.5OG14: eastern Oregon-Idah
n fancy timothy. s15@16; alfalfa, s12'
rs 1s; vetch and oats, 5000; clover,
per ton.
n Grain bags-No. i Calcutta, futu