East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-13
WHEAT PRICES
CONTINUE FIRM
SHARP ADVANCE OF
is CENTS FOR SHEEP.
Increasing Operations In Cash Wheat
Market Noted In Portland-Oat
Market Is Strong While Flour Is
Observation-Disclosures Quotations
Continue TO Improve.

There was firmer tone for early
deliveries Of wheat on the Portland
board of trade today and the Novem-
Der option shows an advance of NC
per bushel In the bid price. There
vas a firmer tone throughout the
wheat market, cash stuff being af-
fected as were the futures. There
was likewise an improvement in the
san Francisco cash price with higher
price the rule for the day.
Operations in the cash wheat mar
ket are Increasing The wants of ex-
porters are growing and millers are
showing a disposition to take on
few loads. Buyers for California ac-
counts are again in the market and
are offering top values for best quail
ity of milling wheat.
Cash oats market is very firm and
there has been a disposition to ad-
vance the price in some quarters. On
the board OF trade today 200 tons Of
No. | white oats were sold at S31
track Portland, the buying being for
California account. There was no
change In prices on futures today al
though the tone was firmer. Same
prices rule in barley
There is no change in the flour sit
uatlon. Local trade is slightly i'm
proved but no additional export busi-
ness is shown.
Argentine Crop In Danger.
Chicago, Nov. 12-The wheat mar
ket took a rest today and there was
but little movement in prices. Bulls
took a vacation and though the news
was OF character which favored their
side of the market, prices opened and
closed at loss from yesterday. Liv-
erpoo was likewise easy today with
the opening 1-Sd lower and the close
showing a further decline of I'd. /
The Cincinnati Price Current today |
has the following report:
Winter wheat area is still needing |
rain TO a considerable extent but the |
situation is improving and not dis
couraging. Crop would be benefited |
II propitious weather conditions were
TO be had. Some area to the west |
ward is In good condition now.
Sheep Prices Advance.
Portland Union Stockyards, Nov. !
of livestock were small |
In the local yards during the past "a |
hours. In all total of but 1870 cat
tie were received While the pros
poets are believed to be better for Sc |
lect steers. ordinary stuff is quite |
hard 10 move, even at present quota
tions. Best cows and heifers are in |
the same condition, each finding a
good demand at close to top prices.
While ordinary stuff is not exactly
weak. the tone OF the demand is not
nearly so good as for the better class
Of goods.
Hog market is showing a DISPOSE
ton to slightly improve its tone. es-
pecially for the best quality and for
top east OF the mountain stuff prices
are ruling between s6.10d6.15. What
Is ordinarily considered best quality
will not move over Sc, however.
There is slightly improved feeling
for sheep of best quality and prices
ire stiffening somewhat for this
grade.
Best Quality Is Wanted.
There is a quite good demand for
Tancy ewes and wethers at this time"
says ]. c. Lonergan, "and all fat stuff
IAN be readily moved around $40
'25 for fat ewes. and $3.50 for best
vethers. once in a while 1t would
likely be possible to obtain as high as
$3.50 for the latter. Good fat top
steers are moving all right, but ordi-
lary steers are rather dull. Hogs are
folding about the same"
Ordinary cattle are dragging in
he yards at the present time" says
". p. Gould of Benson & Gould, to-
lay. "The best grade of cows will
ind sale at top figures, but ordi-
nary stuff In all lines is disposed to
lullness The hog market is just
lbout the same, with Sc the top for
ordinarily good stock. For something
,Xtra select, however, an advance of
10 to 15c over this figure is some-
ines obtained"
A year ago today all lines were
weak with hogs 25c lower; Others un-