East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-01
WHEAT REACHES
DOLLAR MARK
BLUESTEI SELLING FOR
ONE DOLLAR PER BUSHEIi
Highest Price of the Year Is Being
Paid In Portland and There Are
Some Indications That IL VIII Go
Still Highcr--ImprOvement Prom
ised I'm Livestock Has Materlallzed.
(By Hyman Il. Cohen }

ceiVed during the past few days for q
lot in the north and while nothing
higher than 96c a bushel has been
paid at Portland thus far 1t is not
unlikely that any more wheat Of this
grade can be secured here under the
dollar mark.
This is the highest price reached
for wheat in this market for a num-
Der of years, although during several
seasons the price has advanced to
within a cent or two of the mark for
a small lot of selected stock.
A sale of a lot Of bluestem is re-
ported made to a Spokane mill on
basis of about 9S lac a bushel tidewa-
ter and even at that price 1t is stated
that not a sufficient amount could be
secured to suit the buyer.
Bluestem wheat is getting very
scarce In the Pacific northwest and
before the season Is over it is quite
likely that Pacific coast millers will
be forced to substitute some other
grade for their best flour because
there will not be sufficient amount
Of bluestem to go around. For that
reason the millers are now scrambling
for the remaining supplies and the
price may break a few records before
the end of the season appears in sight.
Will Force Flower Higher.
The high price of bluestem wheat,
which is used in the making of the
best patent flour in the Pacific north
west, will very likely cause an upward
movement in patents before many
days have elapsed. The extent of the
advance has not yet been figured up
on, but millers all agree that they will
be forced to put the market up be-
cause they cannot grind the wheat
for less. The failure of the orient to
get back into the Pacific coast flour
market for reasonable supplies, has
added further strength to the price
OF local grades. While millfeeds are
high and help somewhat in holding
the price of local flour down, there
is not enough flour grinding just now
to make much difference on this ac-
count, 1t is generally the rule for To-
cal flour to be low when there is plen- !
ty Of export business and prices are
good but at this time there is neither
good prices nor demand for export
goods so the burden must therefore
fall upon the local product.
Beef Going Up.
Portland Union Stockyards, Nov. 80. |
The improvement promised in the
cattle market has materialized and |
although there were no arrivals of
cattle in the yards today the market |
may be said to be 10 cents above pre-
v.ous figures especially for the better
class of stock.
The general absence of sufficient |
cattle in the yards during the past |
week has brought the killers face to
face with an actual shortage of sup
plies. While short time ago they
were very confident of their ability
TO hold back the advance for an al
most indefinite period because of their
accumulated holdings then, practical
Iy every one Of the big fellows is to-
day in the market for cattle and can
not obtain it.
shortage Begins TO Tell.
over Sunday there are generally
quite liberal arrivals of cattle in the
yards, but during the past As hours
not single head put in appearance.
Ii,actnply nnn1tniG GgiDn
men are quite confident that the cat
tie price has safely reached S4.35 for
selected steers with other grades
showing proportionate advance.
However. until the sales are actually
made the advance cannot be quoted
in these columns.
There is only an easy tone in the
hog market with merely fair arrivals
for the past As hours. In the hog
Sc continues to be the top for
the run of stock generally classed as
top. but none of this is real fancy.
While the sheep market is firm
owing to the lack of arrivals and the
demand, there was no
change in values for the day.
Price Safely Higher
"The price of cattle is safely higher
by at least 10 cents" said Tom Ben
son of Benson g. Gould. "There were
no arrivals of cattle in the yards this
morning but there were plenty of buy
ers on hand who were anxious to ac-
quire supplies"
Hogs are rather slow sale" said
Hunt & Lacey, "with the top of the /
today at Sc. Cattle are firm
er."
"There is a firmer tone In cattle and
sheep" said ]. b. Lonergon, but
neither line showed and arrivals in the
yards today"
Following is the general range of
values on stock ruling in the yards for
late shipments:
Hogs-Best east of mountains. Sc;
ordinary. $5.5O@5,75; blockers and
China fats, $5@5,5O; stockers and
feeders, $4.75@5.
Cattle-Best steers, weighing 1900
pounds, $4@4,25; medium steers
$35O@4; poor steers, $3.50; best
cows. SO; medium cows. $250@2.75;
stays. $25O@S; bulls, $1.75@2.