East Oregonian : E.O. (Pendleton, OR) 1888-current, 1914-08-13
HEAVY ACTING MARKET
FEATURE AT CHICAGO

CHICAGO, Aug. 13--It was a heavy
acting market In wheat all day with
certain cash and elevator people in
clined TO press the selling for Sep
tember. Market had a strong re
bound Of / 1-4c from an early break
Of IA to 2 1-2s. On second dip
two hours later, the market went
nearly as low as before and each dip
was followed by rather prompt rail-
ly.
Outside markets were at times
weaker than Chicago. Minneapolis
December price was 2 lac lower for
the day. Error in the Kansas City
quotations caused a furry of selling
at onue time during the morning. The
argument on the selling side of wheat
is the absence of any reasonable
chance for revival of export busi-
ness, the continued liberal run of
winter wheat to this market, predic-
ton of hedging sales against spring
wheat movement in the near future
and the attitude of some of the cash
and export houses in putting long
wheat into the market.
At Minneapolis the cash wheat
premium was 1c less than than on
previous days. This was offset by
flour shipments. of $1,000 barrels for
the day and 240 cars of wheat taken
! OUT OF elevators.
! Bradstreets weekly report gave ar
/ Increase of 6.13S. 900 bushels in Unit.
| ed States and Canadian wheat stocks
/ while the amount afloat and in Eu
rope was given at a decrease Of G..
/ s00,O 900 bushels. Only cash business
here was 10000 bushels to mills.
Corn proved to be the most import
ant speculative market on the floo
for the day. and the feature was til,
great strength displayed in the Sep
tember on late trading when tha
month was advanced to so lac an,
closed at soc.
Wheat.
Sept-Open 90; high, 90 ga; low
go; close, SO 5-S.
Dec.-Open, 9S IS: high, 100 IA
low. 9s IA; close, 80 5-S A.
May-Open, 106; high. 107 3-S
low, 1O5 1-2; close, 1O7 B.
| PORTLAND, Ore, Aug. 13.-Pa
cific northwest millers, while report
ing no business in the export flou
market. are quoting an advance gen
orally of zoe a barrel in the price o
export straight and cutoff in addition
TO the zoe advance forced in paten
yesterday.
While no sales are being confirm
ed because of the extreme value be
ing asked and the inability of tn
! trade to make proper connections in
financial way, leading millers her
. are today firmly holding their clu
: straight at $500. with bluestem cut
: off at 81 generally.
From the present indications
looks as If this price on export, Will
considered high by the orient at TIL
time. will really look cheap to a
, within a short time owing to the VI
ward swing of prices in the whea
market
Although only nominal business
, reported, as high as sec is reporte
bid for club wheat in the interior
basis tidewater track delivery. TIL
is an advance of 1-2 TO 1c a busht
over the previous bids made by tn
same parties
Patent flour business is beginnin
to show an increase. Since the ad
vance of 20c a barrel was named yes
terday there has been much more in
clination among buyers to take holC
especially as further advances are nc
only likely but probable.
Wheat-Nominal. New crop clul
= sec; fortyfold, ss7c; bluestem, $50
red Russian. sac.
Oats-Nominal, New crop, buyin
price, No / white feed, s21.5O; mil
, ing $22 per ton; gray s21.
Flour-Selling price: Patent 81
so; Willamette valley, S4.70G4.7C
local straight, SS.SO64.OO: expor
straight, $3.50; cutoff, $500; baker,
s4.7OG4SO.
Hay-New crop, producers pric'
Willamette valley timothy, fame!
sl25Od14; eastern Oregon-Idah
fancy timothy. $50 16; alfalfa, 81
dlS: vetch and oats, 5000; Glove
SIS per ton.
. Grain bags-No. l Calcutta, futur