East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-09

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Wheat Markets Are Better-Dam-
age Report Cause Rise.
Portland Union Stockyards, Nov. S.
During the past week packers were
very discriminating in their purchases
and when they paid for quality the
quality must be right up to the ham
quite likely that as high as $6.25
could be obtained for select eastern
Oregon Washington hogs, none Of
this class of stock arrived, and,
therefore, for the stock that came
Willamette valley stuff-the price did
not reach over Sc. While as high as
1925 was recently received for valley
hogs, killers would not pay that price
during the past week. While the re-
ceipts were a trifle heavier than last
week, this was not what kept the mar
ket down. The killers have quite
large number of hogs on hand, and
they have been using from this store
OF late, and have for that reason been
rather Independent Of the market.
While they still have hogs to draw
from, It will not be long before they
must enter the market and pay the
price.
Eastern Price Affects Ours.
The price OF our hogs is now being
governed almost altogether by the val
ues in effect In the east. With eastern
and western provisions in active COM
petition in this and other Pacific coast
markets, the price of live hogs for
packing purposes on the Pacific coast
must of necessity be governed by what
is transpiring in the east or middle
west.
Cattle Run Is Smaller
There was smaller run Of cattle
in the yards during the past week and
this helped the tone for while Sew
eral loads OF select fed stuff from
California sold at s425, but nothing
over 81 was obtainable for best steers
outside Of that. Packers claim to be
well supplied with steers, and will
be for a week or so. On this account
they are not willing to pay high prices
for the surplus Low prices are hold
Ing back the receipts because interior
cattlemen- believe they will be able to
secure a higher price. With weather
conditions ideal for this time Of the
year. 1t is quite likely that grass-fed
stuff will continue coming for several
more weeks, and as long as this class
Of cattle is put on the market higher
prices are not likely.
Sheep Market Il Nominal.
The run Of sheep was not liberal
enough to notice during the past six
days to cause much attention to be
turned that way. Buyers are showing
but little inclination to purchase
sheep. The larger killers are still |
slaughtering their contract stuff, and |
the arrivals are, therefore, fed out in |
small bands to the smaller operators. |
The past weeks arrivals In the local |
yards compare with the same period |
In recent years as follows:
Hogs. Cattle. Sheep. |
1907 ......... 715 120 1899
1906 .. ...... 6SS 6l7 AL
1905 ...... 1116 PSI 2172
A year ago for the past week all
lines of livestock were weak at lower
prices.
Following is the general range of
values on stock ruling in the yards
for late shipments;
Hogs-Best east Of mountains, SEA
6.25; ordinary, $5.75 blockers and
China fats, $5@5.5O; stockers and
feeders, $475a5
Cattle-Seect east of mountains,
steers, S4 medium steers, S3.75; best
COWS. SO; medium cows S2.50d2.75;
stags, $2.5O@S; bulls. S1.75@2.
Shcep-Best wethers, $3.50; ordi-
nary wethers, 1925; lambs, $4,000;
straight ewes, SO; mixed lots, S2.50@ {
o.75.
Veals-Choice young calves, $3.50; !
leavy and rough, $3.50@4, {
Foreign Markets.
Chicago, Nov An foreign mar
lets for wheat were higher at the
opening here and the local trade acted
nder suggestions thereby covered
rhe fact of receipts at Minneapolis !
md Duluth numbering 6Sl cars had 5
10 immediate influence on prices
strength displayed the first hour in D.,
he face of domestic and Argentine
lews of a bearish character indicated
he tactics in the market of some
party probably already /
committed to the bull side and de- !
ermined to keep buying on a suffi- c
ently large scale to impress the i
rowd favorably to their side of the a
rgument. Complaints from Europe v
# unfavorable weather became the
eading motive for buying that ad- d
anced the price of December to n
1O1 y and May to $1.05. Closing o
rces were $1.O1 S-S and S1.O5 re- h
pectively. a
While weather was still of very "
avorable kind for marketing corn, G
he general report from receivers was h
hat the country was selling none.
receipts were still light. Recent bear W
resSure in the market for next h
ionth's delivery was relaxed. Sam W
lie market was firm at from yester- p
ays prices to half cent over. Bids cl
N. ovnnrt from, Chicapo Uerp within