East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-06
PRIME STEERS
SELL FOR S4.25
CATTLE MARKET STRONGER
THAN FOR SOME TINE.
Increasing Demand Boosts Prices De-
spite Heavy AIT'iyaIs-POrkcrs Still
Weak, While Sheep Market Is I'm
changcd-POrlland Grain COndl-
tlOns Growing Flrmer Though Chi
cago Market Is Quiet.

49, .h"i nv - NC"fN's
Portland Union Stockyards, Nov 8.
The cattle market Is stronger
throughout and select steers are now
quite easy to move as high as 1925.
A number Of sales have been made
a. this figure during the transactions
Of yesterday and today. While the
arrivals have Of late been quite fair,
the demand has been increasing, and
the huge surplus Of the packers Is
dwindllng down until today they are
disposed to look up new supplies, but
are not yet anxious to purchase This
indicates that they still retain quite
an accumulation Of steers.
Transactions in hogs continue at
Sc, and It is impossible for receivers
to obtain a higher figure at the mo-
ment. Packers and butchers are not
inclined to bid over this figure at the
present time, no matter how good
the quality. However, they are more
disposed to do business at the price
than formerly.
No Change I'm Sheep Situation.
There Is not the slightest change In
the sheep situation locally. Packers
are entering the market for few lots
but they still retain liberal holdings
of range stuff which they contracted
some time ago. The fact that the
big packers are taking a few lots OF
sheep shows a fractional improvement
i'm the tone but there has not been
the slightest change in values. Heck
er brothers brought in a car of hogs
from Albany for the local market.
Following Is the general range Of
values on stock ruling in the yards
for late shipments:
Hogs-Best east of mountains Sc;
ordinary, S5.75; blockers and China
fats, s5G5.5O; stockers and feeders,
$475d5.
Cattle-select east of mountains.
steers. S3.75G4; medium steers,
1915; best cows, SO; medium cows,
$2.5O@2.75; stays, $2.5O@3; bulls,
S175G2.
Sheep-Best wethers, $780, ordina-
ry wethers, 1925; lambs, s3.9OG4;
straight ewes, SO; mixed lots. $2.5O@
2.75.
Veals-Choice young calves. $3.50;
heavy and rough, $350G4.
Grain still Firmer.
mer tone today in all local grains to-
day Both the cash and future mar
ket is reflecting improved conditions.
During the past "a hours there were
quite number Of sales Of cash wheat
with buyers freely offering growers
50 and 90c a bushel for club. track
delivery Portland. on the board of
rade today there was an advance of
l-Sc bushel in both November and
December options, bid and ask prices
being alike affected.
Cash oats market is disposed to
show returning strength and many
inquiries are being made by dealers
regarding supplies. II has been found
by most of them that the heavy sup
plies they thought others had we're
simply warm air. on the board of
trade today oats futures were quoted
at the same prices as yesterday.
While the barley market is flrmer
and somewhat more active in the
south, trade is still very quiet here
although the tone of the cash market
is somewhat better. Improvement
in oats will likely affect the barley
but holdings here are still
too liberal to help the price. on the
board Of trade today futures were
steady with no change in prices from
yesterday
Quiet In Chicago.
Chicago, Nov. 5.-The wheat mar
I<et was quiet today. with the tone
rather uncertain. There was a weak
'r opening due to the sharp losses
abroad, but most of this decline was
.ogained later in the session. and the
market closed at about the same fig
lres as last night.
There was an inclination among
The trade to follow the lead of Liver
pool this morning and sellers were
supplies in great numbers. |
The reports Of a better demand for
cash wheat both at Minneapolis and |
Duluth, brought back some of the |
sellers into the bull camp, and on the |
covering from this source the market |
vent back to last nights figures.
Liverpool opened 3-S to 5-Sd low |
'r than yesterday, but closed with a |
net decline Of SIS to 1-Sd.
Minneapolis wheat stocks show n
decrease of 10000 bushels for two |
lays.
Cash wheat-No, > red $1.OO $40 |
I.01 No. 3 red. occasion: No. .
lard winter, $1.OOA @1O1; No.
lard winter. 97cd$1: No. northern.
pring, $1O4M1.O5; No > northern