East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-23
HOLIDAY QUIET
IN LIVESTOCK
MARKETS CONTROL
COAST PORK CONDITIONS
Sheep and Cattle Merely Holding
Their Own-Arrlvals Are Few
Wcat Markets Flrmcr Abroad and
Mexican Mlllers Strive In Vain TO
Secure Supplies From the North
west.

EE,-Inere IS n rather quiet tone II
the livestock market of the loca
yards In general today but values are
generally unchanged. While there
was disposition among buyers to de.
press the hog market Of late, arrivals
have been 80 far short Of the demand
that 1t Is quite likely for a while al
least values here will rule steady
| However, practically everything de-
pends upon the attitude Of the east
ern markets. Quotations there dur
ing the past few days have been quite
steady.
Sheep Market Is Flrmcr.
For good sheep there is quite a
| firm tone ruling today in the local
yards. Arrivals are again small and
practically all the recent run was for
one or two packers. Therefore the
general packing trade is still very
short Of sheep supplies and for best
! quality sometimes bids a fractional
increase in the price.
Cattle market is firm for the varl-
Jus bluu'Ht but dIIINdlS were llBHl
during the past "a hours. OF late the
shipments have been OF but ordinary
quality and this accounts for the alb
sence OF sales at former top figures.
The best stuff now coming forward
In the steer market will not bring
more than $3.50 in the yard,
The following is the general range
Of values on stock running in the
yards for late shipments:
Hogs-Best east OF mountains,
$61OdG15; ordinary, Sc; blockers
and china fats. $5.5O@5.75; stockers
and feeders, $5.OOG55O.
Cattle-Best steers, Weighing 1900
pounds $3.50; medium steers. S4.25:
poor steers. $3.50; best cows. $3.50;
medium cows. $2.75G3.25; stays,
$2.7508.OO; bulls. s2.OO@2.25.
Sheep-Best wethers, s45O@A75;
ordinary wethers, $A2564.5O; lambs
$i5Om5.OO; straight ewes, $3.50;
mixed lots. $500.
Veal-Coice young calves. $4,000
$50; heavy rough, $3.5OG3.75
Mexico Wants Wheat.
Portland, Ore, Dec. 22.-Whlle
every effort is being made by Mexi-
can mlllers to secure supplies of
wheat here practically no business
has passed. Remaining supplies of
this cereal in the Pacific northwest
are believed by the general milling
trade TO be smaller than the require
ments OF the mills until the new crop
Is ready for the market. There are
grave fears i'm the minds Of some mill
lers that there will be an actual
shortage of wheat supplies in the Pa
cific coast states before the 1909 crop
is ready for grinding,
Had it not been for the fact that
California has this season purchased
quite portion Of its requirements
from east of the Rockies instead of
taking everything needed from Ore
gon. Idaho and Washington, II Is
quite likely that wheat prices all
along the Pacific coast would now be
several cents higher than at present.
However. the market is In the best
shape imaginable from a producers
point of view for at this time he is
able to command almost any price he
asks within reason.
There was a very dull session to-
day on the Portland board of trade
and no changes are shown in oats,
wheat or barley futures. The spot
market Is likewise very firm at un-
changed values. There will be no
session of the Portland board OF trade |
either Friday or Saturday, following |
the custom of other exchanges in |
closing during the holiday period
Foreign Whcas Is Firmer.
Chicago, Dec. 22,-It was a change |
Of sentiment among foreign trade
that brought about afirmer, livelier |
and higher wheat market here during
todays trading. To Liverpool be-
longs the honors, for after opening un-
there from yesterdays clos !
ing. today's market ended with ad-
vances ranging from S-Sd to 3-4d
above yesterdays final figures, and
last quotations there were among the
firmest and highest of the day.
Wheat started in Chicago with
firm tone and an advance of 1-Sc, and /
with some short covering and a stop
page of liquidation of longs, who have
been so badly scared of late, the price
began to climb, and at the close was
l-2c to S-Sc above yesterday for May
md July options, respectively.
The change in sentiment at Liver
pool. resulting as it did in higher
prices there caused a firmer feeling
III through Europe, and while quo
atlons were generally unchanged else
where. the market was in better shape
han for some time. Paris closed at
,yoctlV thp Some fip1irn aS on Monday |