East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-10
WHEAT PRICES
TAKE TUMBLE
MARKET HALF A CENT
OFF IN PORTLAND
Futures Drop Hard In ChicagO-July
Deliveries Being Down Two Cents
Barley Holds Firm-Failure OF
Livestock TO Arrive Causes Extreme
Quietness-H0gs Are Firm.

Livestock TO Arrive Causes Extreme
Quietness-Hogs Are Firm.
Portland, Ore, Dec. 9.-Weakness
In other markets affected the bids for
futures on the Portland board of trade
today. There was a drop of 1sc and
in the bids for both the December and
January deliveries while the asked
prices were 3-4c and hc lower re-
spectively. There is no trading of
Importance reported in wheat just
now. The squirt in the cash market
last week SENS to have been a tenn
porary affair and few transactions are
reported at this time. Those being
made are for small quantities too.
There is better feeling in oats
futures although no changes are
shown in prices either for cash or de-
ferred deliveries. on the board Of
trade today a sale of 300 tons Of
December January was made on a
basis Of s31,75 per ton track Port
land. This is an advance of Csc over
the recent transactions.
For barley the market is holding
rather steady and additional transac-
tlons are again reported with the
south. On the exchange today 200
tons Of December barley were sold at
s26.5O and 200 tons Of December
January at s26.75 per ton track Port
land.
There is no change in the flour sit
uation, local trade being quite fair
but an entire absence Of export busi-
ness is noted.
Futures Drop Hard.
Chicago, Dec. 9.-Foreign markets
were depressed today and this brought
about a round of heavy selling in the
Chicago wheat market
There was only slight concession
in the price at the opening of the sea-
son. but as the trading progressed the
tone became weaker and weaker and
finally the field was deserted entire
ly by the bulls, with the result that
bear operators cut larger slices out of
the price than would have been the
case had the market any semblance
OF support.
May started nc under yesterday,
July unchanged and December 1-Sc
lower. There was no news at all from
the growing crops and as no news Isl
considered good news the
pressure to sell became quite heavy
soon after the opening. The market
closed with the greatest pressure in
new crop options, July losing &c Of
yesterdays price. December closed
| 3-Sc lower and May nc.
Cattle Are Quiet.
Portland Union Stockyards. Dec. ..
With very limited arrivals except in
hogs and only a fair volume i'm that
line the local livestock market is ex-
ceedlngly quiet. But a single head Of
cattle wandered into the yards during
the past "a hours and because It was
so lonesome wandered out again
There Is very good demand for all
grades of cattle at this time and
prices are very much improved Cat
lie shippers however. seem determin-
ed to force the issue of control and
are therefore Withholding practically
al their supplies from the local mar
ket at the moment.
According to killers the quality of
ate arrivals of cattle has not been
IF the best and for that reason sales
Killers are anxiously offering as high
Is $3.50 for select steers for the
Christmas trade none of the late ar
'ivals has been sufficiently good to
bring over 1926 and this is the top
,f recent sales
Demand is good FOR all sorts OIL
1ogs, but killers have been willing to
pay the extreme top for fancy stock |
If late. As high as $S.25 is offering
or best quality. but no late sales have
)een made beyond $500 and few
each that figure.
Sheep market is firm with quota |
ions stiff at unchanged height.
s. p. Gould, formerly of Benson e
iould livestock commissin merchants,
as his new associate, Harry
.. Moran of North Yakima. The firm
will be named the Gould Commercial
ompany. Mr.. Morgan is a prominent
attle man and will handle that
,ranch for the new firm. Mr. Gould
will look after the sheep and hogs.
Tom Benson. Mr.. Goulds former
,artner has associated himself with
lis son and the firm will be named
he r. C. Benson company. The new
irms are now operating.
Following sales are representative
II late transactions in the yards and
Indicate the extent of the trade. with
'rices paid;
Hogs.
Weight. Price.
3 hogs .......,...1S,79 $500
Following Is the general range of
'alues on stock running in the yards
or late shipments:
Hogs-Best east of mountains. $50
.25; ordinary, $5,50@5.75; blockers
nd China fats, $5@5.5O; stockers and
eeders, s4.75@5.
Cattle--Best steers, weighing 1900
'ounds. $4,25@4.50; medium steers,
1925; best cows, $3.25 medium cows,
2.50@2 IS; stags. $2.75@3; bulls, so;
p2.25.
Sheep-Best wethers, s4.5O@475;
ordinary wethers. $425@4.50: lambs,
"A E0mA TX. ctroiuht ou.os 60 IN.