East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-08-21
BY HYMAN H. COHEN.


PORTLAND, ore, Aug. 21.- Pay
ment Of S1.22@123 bushel for blue
stem wheat at Pacific northwest
points, basis Of tidewater delivery
broke the seasons high price records
during the week
The market for wheat was mass
OF excitement Considering the extra
ordinary markets abroad, the feeling
here may be considered conservative.
The freight situation was probably
the factor that kept the local trade
from showing a runaway feeling in
wheat.
There was the greatest foreign de-
mand known in years shown in all
American wheat markets during the
week. While English interests were
not the chief operators because Of
their efforts to depress the trade, the
continent was a buyer Of everything
available at American and Canadian
centers.
Foreign crops are just about as had
been forecast in these reports during
recent weeks-the worst in yearS-
and just now English interests are
grudgingly admitting what the unpre-
judioed ones have known for long
time. The English are inclined to hit
the market every time they get Il
chance but to some exnten the eX-
treme price that England must pay
for its breadstuffs is due to the poor
working OF the English ship combine,
Crop conditions in Canada are nat
urally attracting much attention from
the worlds trade. The crop there is
badly damaged--there is not the
slightest doubt of that but the ex-
tent OF the damage is not yet known
and until II Is there will be much un-
certainty regarding the future of val
ues,
In the meantime the Pacific north
west Is completing the harvesting OF
one az It's biggest crops and so far as
quality is concerned, its best wheat
crop.
Heavy demand for barley from
abroad created Il sensational price SIT
nation in the Pacific northwest as
well as In the California trade during
the week. Price advances were the
keenest of the season to date and the
buying at the advances was extremely
liberal Yesterday 1t was announced
that one ship had been chartered to
carry barley TO the United Kingdom
from San Francisco.
oats market was also a very firm
trade during the week with closing
bids on the Merchants Exchange 81
ton higher than on Monday.
F1our-seling price Patent, So;
willamette valley $3.50; local straight
S5.4OG5.SO: bakers local, S5.S0@
74O: Montana spring wheat, $40;
exports, Sb.lOd5.30; whole wheat
$500: graham $500; rye flour $500
per barrel.
Hay-Buyng price, new crop: VIII
lamettc valley timothy, fancy, $l2@
1850; eastern Oregon-ldaho fancy
timothy. SlsG20: alfalfa, Si4@ 1850;
valley vetoh. t1l qll.5O, cheat $lO@
1850: clover, s9G1 per ton.
Grain sacks-l9i6 nominal; No. l
Calculus, II 1-4al1 use in carlots'
less amounts are higher.
Misunderstanding price: Bran
S245O. shorts. $3.50 per ton.
Rolled t6.5OW6.75 per bar
rel
The hog market. erratc as II was
during the week. was merely reflec-
ton Of supply and demand.
At the start OF the week it looked
as II hog supplies would not be heavy
and there was sharp advance in the
price, which carried the extreme top
10 1890. Then receipts became very
liberal. the trade was somewhat over
stocked and the natural thing hap
pened. Prices were first cut 2oc in
the morning trade, and later in the
ha fnnnapu Wpnt