East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-10-24

Portland Union Stockyards, Oct. 23.
With a decline Of about 25c In the
price Of steers today. 1t Is believed
that the serious declines in the live
stock market are over for awhile at
least Best steers are selling as low
as 1915 today; which Is practically
loss OF a quarter from former val
ues. While the trade Is able once in
awhile TO obtain as high as 81 for
seelct steers, II takes something real
select to bring this figure and even
then II Is hard TO close a deal at the
top.
Hogs continue to sell at SO for best
stuff. This Is the same price as yes
terday and seems to indicate that the
market has gone close to bottom.
Much. however, depends upon the at
tltude Of eastern values for the local
market will follow whatever prices
are In effect elsewhere.
While the sheep market remains
very quiet. the tone Is not weak and
former prices are still quite well
maintained. even though arrivals are
held over for lack Of a buyer for a
day or 50.
Believes Bottom Is Reached.
:. =. Gould OF Benson a. Gould be-
lieves that the cattle market has about
reached the bottom for the present
season. "lt looks as IL cattle have
touched bedrock" he says. and |
think that after awhile the market
will do better. Hogs are holding at
Sc for best stuff but | don't look for
much Of decline from now on sheep
are quiet at present, owing to the very
liberal purchases Of packers in the
eastern Oregon Washington ranges"
Cattle remain weak at this time.
says Lee Lacy Of Hunt & Lacy. but
the Indications are that the market
will be steadler during the coming
week. The top of the hog market is
SC and the future OF our market de-
ponds upon what happens In the east.
Sheep should do better after awhile,
but the market is quite well filled at
present because OF the heavy pur-
chases by packers on the ranges"
Hogs are topping the market at
S." says ]. c. Lonorgan. Il believe |
the market will stay there for awhile.
Steers are very dull and the same |
grade OF stuff !. am not able to get |
more than 1915 for were easily sold |
on Tuesday for 81. There Is. how
ever, good call for cows at quoted I
figures. ! believe that cattle will /
show little II any Improvement for |
about a month"
Today 90 horses were among the |
arrivals IN the yards
Following Is the general range OF |
values on stock ruling In the yards for |
late shipments:
Hogs-Best east Of mountains, Sc; |
ordinary, S5.75m6: blockers and China
fats. S5n5.5O; stockers and feeders,
S475a5.
Cattle-Select east Of mountains,
steers S375. medium steers, S3.25d |
$50: ordinary, S3.25 best cows, $2.S5 |
as; heifers. 1925; medium COWS, 81 |
@2.25: stays. S2.5OG3: bulls. 50.
Sheep-Bcst wethers, $3.50; ordi- /
Tary wethers. $3.25; lambs A'
straight ewes, 50; mixed lots, s2.5Od |
275.
Veal-Choice young calves. $3.50:
heavy and rough, S3.5Od4.
4 year ago today cattle and sheep !
firm; all values unchanged
Rain Reports Down Prices.
Chicago. oct. 23.-While news from |
Argentina was stlll generally telling |
OF damage by the recent frosts, all |
other news In the market was Of n |
bearlsh tone Foreign markets were |
weak and generally depressed Liver |
pool opened I'D to 5-Sd under yester-
day and closed with a net loss of
5-Sd to 3-4d. Antwerp was mixed
with futures j-S lower to g. Shigher.
While this market opened lower
there was a bulge at the start which
sent values above last nights closing.
This was due to the receipt Of a cable
from Argentina saying that the dam
age to the crop there amounted to 40
per cent.
The later selling was due to the
heavy rains through a large portion
of the wheat country which had been
very badly in need of moisture. The
closing here today was practically at
the bottom figures showing losses of
lkc to use from yesterday,
Argentina shipments of wheat are
1,1S4,O00 bushels; corn, l,6S2,OOO
bushels. The Argentina visible shows
In bushels