East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-12
WHEAT PRICES
CONTINUE UPWARD
TONE OF OAT MARKET
STEADY BUT UNCHANGED.
Sharp Advance I'm California Barley
Market Is Felt In POrtland--Alral-
ia Meal Proving Popular With In
creasing Demand-FOrclgn Markets
Are Also trOnger-LlvestOck Con-
dltions Better.

Portland, Ore, Nov 11.-Portlan
grain futures, and in fact all deliver
les were very firm today, as a resul
Of the higher prices during recen
trade in other markets. On the boar,
of trade, which by the way, was quit
well attended today. the bid on No
vomber delivery advanced to size
and December to Gle The aske,
prices advanced to 92 3-4@93c 70
November and December options, re
spectively
While the cash oats situation 4
rather quiet at the moment, the toni
of the market is quite steady at un
changed prices. On the board of trade
there was an advance Of futures, the
bid on November going to $153 ga
and in December going to $1.55.
The sharp advance Of late In the
California barley markets caused q
firmer tone here today, and while
cash stuff was quiet, the tone OF the
| '''''i nv 40 WY bppu' CH tlt Iol u
land board Of trade today the bid on
November advanced to $1.32k. as
compared with the previous quota
tion at $1.S0. December advanced to
Sl35 bid, a rise Of 2hc per GENITAL
over the previous price
Alfalfa Meal Is Taking.
The demand for alfalfa meal has
shown wonderful growth during the
last few months, until the capacity of
the single plant at Echo has been
overtaxed. The same management is
now starting the erection OF new
plant at Wapato, Wash. The latter
plant will have a capacity of so tons
day, or double the size Of the grim
der at Echo. As a result of the in
creasing call for the meal alfalfa hay
Is showing a flrmer tone, with gem
orally advanced prices asked.
Foreign Markets Advance.
Chicago. Nov. 11.-There was
very sharp advance in foreign wheat
markets today but the local trade
went contrary to all bullsh advlces
and the market therefore started very
weak at a lower range.
At Liverpool the opening values
were rs to Id above yesterday and
the closing "a to Esd.
After the opening the weak ones
were turned adrift in the local mar
ket and prices began to improve, the
result being that the market closed
with about the same prices as yester-
day with the exception Of December,
which ended the day with a net loss
of NC.
There was a good export demand
for wheat and this is probably what
Influenced the short covering which
became apparent later in the day,
Today GO loads Of wheat were worked
for export.
Primary receipts in bushels:
Today. Year ago
Wheat .......... $4,000 $4,000
Corn ............ 100000 271.OO0
Shipments:
Wheat ............1,167.O0 $4,000
Corn ........... $4,000 259.000
Cash wheat-No. red, S1.O4G
LOS "a. No. red, $1.O3G Los: No.
3 hard. $1d1Oi; No. 1 northern
spring, S1,O4G1.O7; No, northern
spring, S1,O5G1.O6; No. 3 spring, s1@
los.
Livestock Market Firm.
Portland Union Stockyards. Nov.
demonstrating the heavy run OF
hogs in the yards today, the tone of
the market held wonderfully well.
Prices were quite easily maintained,
but there was no change in values
from yesterday.
There is an undertone of strength
underlying the livestock market with
the possible exception of steers, and
I'm the latter line the chances are
quite good for an improvement with
in the next week or 10 days. While
packers still retain quite liberal hold
ings of steers. the available supplies
are not nearly SO heavy as they were,
and in consequence the pressure up
on the cattle market Is not so severe,
Sheep are holding about the same
as during the past month, trade being
dull and slow, with small arrivals and
big packers not disposed to enter the
market.
81 expect an improvement in the
cattle market tone" said Lee NJ La
cey of Hunt & Lacey, today. "The
packers still have stocks on hand, but
II won't be long before they will give
out and buyers will again be forced
to enter the market. Hog prices for
the future will depend upon the atti
tude of the east, but just at present
they are moving off well at prices.
Sheep are quiet"
Steers Are Stiih Dull.
There is still a dull tone and trade
In the local market for steers" says
Tom Benson OF Benson & Gould.
PACKERS are still showing a surplus
of steer holdings, and it will be some.
where about the Goth Of the month
before any Improvement in prices is
likely or possible. Hogs are moving
off better, but the price is unchanged.
There is no change in the sentiment
regarding sheep"
A year ago today all lines of live
stock were weak, with a drop of Csc
each in the hog and sheep markets.
No change in cattle.
Todays arrivals in the local yards
compare with this day in recent years
as follows: