East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-08-04
Wheat Advances Forced By Strong Market

PORTLAND, Aug. with two
advances of zoe per barrel each IN
the price Of patent flour during the
last "a hours the market for flour
here Is reflecting in full the extreme
strength Of the wheat situation
throughout the world.
There was a further sharp advance
in the price Of wheat at Chicago dur
ing the early days trading, everyone
seemingly being in the market for
supplies.
Locally the flour market is not
very active, the bulk of the business
being for California and far southern
account Demand from the latter Sec
ton Is especially interesting. Cali
fornia is buying heavily of interior
Pacific northwest flour, orders being
Of the largest volume in years, on ac-
count Of the very short crop Of wheat
In the southern state.
Wheat situation at home and all
through the Pacific northwest is re-
flecting much strength. 1t Is impos-
sible at the moment for the trade to
secure more than nominal supplies at
the prices quoted, business being con-
fired in a small way from to 4c
higher.
Broomhal cabled from Liverpool
that spot wheat was very firm at adj.
vance of to Sd, which means ~ to
Ice in American money. In general
the wheat market was strong as af-
fected by yesterdays American rise
There il a good demand for winters
Buenos Aires-Wheat closed firm
with the American rise,
France-Latest reports are that the
weather is clear and hot and greatly
fayoring ripening Harvesting is gem
eral.
Australia - Wheat offers are lar
ger on the foreign advance in prices.
Flour-Selllng price. Patent, $3.50;
Willamette valley. $40; local
straight, $49O; bakers local, $1,000
$50; Montana spring wheat, $3.50;
exports. $4,70N49O; whole wheat
$645; graham. $500; rye flour
1896 per barrel.
Hay-Buying price, new crop; VIII
lamette valley timothy, fancy, $l6q
IS; eastern Oregon-Idaho fancy tim
othy, S1SG2O; alfalfa, $14914.50.
Grain sacks--19l6 nominal; No. l
Calcuttas II 1-4G11 s-Sc in carlots.
less amounts are higher.
Mllstuffs-Se Selling price Bran,
s25.5O; shorts SIS so per ton.
Rolled Oats-$6.2566,5O per bar.
rel.
After the spectacular gains Of the
morning. the Chicago wheat market
closed with losses at S-Sd5-Sc a
bushel from Wednesday.
The local market gains strength
during the day On the Portland
Merchants exchange new high rec
ords were established with bluestenl
up &c. at Sl,10. Other rises were 10
&c a bushel
August oats bids on the exchange
were unchanged but gain OF Csc a
/ ton was made by barley.
/ With only dozen veal received dur
4 ing the cary part Of the day along the
i street while the receipts during the
entire preceding "a hours were but
/ gs and 1Ol head on Tuesday Front
street is suffering from u scarcity ol
, country calf offerings at the moment
( For real good quality the market
is holding steady to rirm at IL q :
! 1-2c, although prices are slashed con-
I siderably on stuff that is thin or toe
/ heavy. Some of the former received
/ bids of not more than 1-2c durlns
the day
There is also a scarcity of country
I killed hogs along the street. Receipts
| during the last "a hours were but
head and the day previous but IL
| head. This is the smallest run OF
hogs that the dressed meat trade has
| received for many day. While there
Is some talk of l2c being obtained
most of the trade is quoting II lie
/ for tops.
Country killed beef is arriving in
/ small supply, but little is wanted.
Only limited supplies of livestock
weer shown in the North Portland
I yards over night.
General trend of the mutton ano
lamb trade is very firm While nj
higher prices have been named re-
Gently, it is generally believed that
some extra good light ives and year
ling wethers might bring a fraction
more.
The demand for stocker ewes from
the interior is especially favorable
with the bulk of the business around
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