East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-05


public Causes Advance In Chicago
QuOtatlOnS-Bccf Prices Hold Good
Despite Heavy Arrivals-Prlmc
Steers Bring 81.
Portland. Nov. 4.-The local grain
market stands in a very fine position
at this time. While buyers are not
inclined to pay the prices demanded,
producers and holders are not offer
ing under former figures, and in some
instances have advanced their asked
prices Exporters are again picking
up some wheat and their bids during
the past few days have been Won
derfully strengthened. The report Of
bad weather in Argentina which came
from Liverpool this morning had a
further strengthening effect upon
local conditions.
on the Portland board Of trade to-
day wheat futures were very firmly
held with an advance Of l-Sc a bushel
bid for November.
While some interests express the
opinion that the oats market is not
go firm as It was a week ago, the
trade In general is inclined to the
opposite opinion. Most Of this years
crop OF valley oats Is already out Of
the hands of producers and the sup
plies held by spectators are not near
ly so liberal as the trade has believed
Of late. on the board of trade today
there was no change in oat future
values.
Barley market. while inclined to
dullness, is holding quite firm at for
mer prices for both the cash and fu-
ture deliveries.
The board of trades entertainment
last night to It's members and their
friends was well attended and during
the evening the guests were treated TO
refreshments, speeches, a general
musical program and the reading Of
election returns which came by pri-
vate wire. II has been practically de-
clded by the board Of trade to hold
social gathering one night in each
month hereafter. so that the trade
and its friends can become better ac-
quaInted.
Bad Weather in Argentine.
Chicago. Nov. 4.-Wheat opened
with good upward swing. better
foreign cables being the incentive for
bulls to get I'm their best work. There
was good cash demand I'm Liverpool.
owing to the reports Of bad weather
in Argentina, and future prices there
are stiffly maintained at n higher
range. Liverpool opened asa higher
and closed with net advance If 7-Sd
to i-Sd over former prices
This market started at a rapid pace
December went to 800 IA as COM
pared with the previous closing at
99 7-Sc, while the first price made on
the May option today was S1O4 is
compared with S1.O31-4 as the bid
price made during the previous ses-
sion. Ar the opening today the July
wheat went to 9S3-4c as compared
with 81 7-Sc bid on Monday
After the opening there was a rapid
covering Of shorts in which the longs
took their profits and later offering
caused n downfall Of prices. The mar
ket closed at about the same figures
as on Tuesday.
Primary receipts In bushels for two
Gays
Today. Year ago.
Wheat ...... 2.O49.0OO 1.SS6.OOO
Corn ......... $4,000 $40, 900
Wheat ....... $4,000 1.729.OOO
Corn ...,.,.. 10000 $4,000
For the day the Paris wheat mar
ket shows an advance Of 10 to 70
g,utimes
Cash wheat--No. red $lO2d
1.O2h; No. red, slOOis aloe; No
hard. $l.o1ia m1O2H; No. 8 hard,
ga 1,O1; No. northern spring, $1.O4
a Los; No. northern spring, s1.OS
n 1,ol No. 3 spring, 95m1.O3,
Hog Market Wcakcns.
Portland Union Stockyards, Nov. 4.
There were heavy arrivals Of live
stock in the yards during the past "a
hours which more than made up for
any deficiency yesterday While there
was a big run of cattle the market
g.. In somewhat better shape and as
high as 81 is again reported for the
better class of steers with ordinary
lots ruling around $S75 as the top
Cows and heifers are firm around SO,
but quality must be excellent to bring
that figure. Most Of the present ar
rivals are selling around $2.75.
The hog market had a tingle of
weakness today and although receiv-
ers made strenuous efforts to secure
above Sc, a higher price was unob-
tainahle. This is in reality fraction
al decline and is due to the continu-
ance of very liberal arrivals locally
and the weaker tone Of late in the
east.
Very Quiet in sheep Market.
An unusually quiet tone continues
to rule in the local sheep market.
While the arrivals in the yards are
not even fair packers are showing
no inclination to purchase. The
larger buyers seem to have all tn
sheep they want and what few sheep
have recently come to the Portland
yards have found a scattered sale
smaller buyers being the purchasers
in most instances.