East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-18

Portland Union Stockyards, Nov.
17.-There is a very good tone In all
lines Of the local livestock market to-
day. The Improvement has been ex-
pected and did not find the trade .un-
prepared. The great shortage Of
sheep Is attracting much attention
from the trade and the general pre-
dictlons are for advancing values. The
few sheep now arriving are sold be-
fore arrival and the market at pres
ent stands in fine shape with demand
in all lines except lambs; these being
dull.
Cattle Are 25 Cents Higher.
Cattle market is csc higher all
around for good stuff, with arrivals
very small again. Trade in cattle is
showing the best improvement Of the
entire livestock market and top sold
as high as $425 during recent trad
ing. There is an especial good de-
mand for speyed cows and heifers and
for the better class of this stock sales
are being made around $3.6Oa 3.65.
Ordinary COWS are ruling from $2.15
to SO. but the market is good.
In the hog market best stuff Is to-
day ruling from SO to 1925, with
most Of the sales around $6.15m go.
Receipts Of hogs are light, and this
IS helping the trade somewhat.
Calves are in good demand for
prime stuff but the season for good
quality Is about over.
All Look for Improvement.
Among livestock commission handI-
ers the opinion still prevails that con-
ditions will show an improvement
from this time forth. or the situa-
tlon the various handlers say today;
w. 2. Could of Benson 4 Could
Hog prices are going to hold about
the present range from what I can
see. Cattle are due to improve but
TO some extent the big people have
liberal supplies at this time. sheep
ore I'm good demand with few coming.
The trade wants all kinds Of mutton
/ sheep"
4 Lee NJ. Lacey Of Hunt & Lacey
/ cattle market is firmer and higher
and there is a god tone in hogs. In
fact the demand is good at this time
for all lines. Even sheep are now
quoted firm with a good demand foi
al, sorts Of sheep except lambs and
packers seem to have plenty of these
for awhile"
Grain Market Firmer.
Portland. ore. Nov 17.-WhilC
there was no change from yesterday
in future wheat prices on the Port.
land board OF trade the market Is
firmor all around. The advance ir
Chicago had no effect upon the loca
market today for Liverpool was
weaker and lower and just now thi!
market is following the foreign situ'
alton rather closely
The market for barley is the firm.
est Of all the grains. The many bat,
advances In the San Francisco mar.
ket nave caused intense strength here
but at this time the trade is not dis
posed to force prices higher In re-
ality the southern advances are JUS
putting rhe San Francisco market in
line with ours the recent strength
and slowness of offerings being the
cause of the advance there. Califor-
mia is not buying any barley in this
market just now, because of the tight
holding by local people. While the
warerooms are full of grains the trade
IS not disposed to let go.
A few small sales of oats for Cali
fcrnla account are again reported by
local people, but besides being firm
no change is shown in the situation
here
Local flour trade is increasing. but
there is still an absence of outside
business.
Chicago Market Fluctuatcs.
Chicago, Nov. l7.-Argentina cables
were the influence which brought
about a very sharp advance today in
the Chicago wheat market in the face
Of weakness and lower prices abroad,
While the closing at Liverpool was
not SO weak as at the opening of to-
days session, the market there was
far from showing bulllshness Liver
pool opened 3-S to " under yester-
day and closed unchanged at Ad
under Monday
While the latest advices from Ar
gentna contributed most of today's
| ehnrn advance here the weekly re-
port of the visible by Bradstreet also
helped the bull side, The big de-
crease in Europe and afloat is what
pulled down the worlds visible, which
shows as follows. according to Brad
streets:
Wheat--East OF the Rockies. in
creased $4,000 bushels, Canada in
creased 1,10S,O00 bushels; Europe and
afloat decreased 2,303.0O0 bushels;
total worlds supply decreased &c.
600 bushels.