East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-10-17

the South-Oats Are Quiet and
Oriental Flour Market Unchanged
Hog Values Go Still Lower with
Increased Receipts-Cattle Prices
Drop Unexpectedly.
Portland, Ore, oct. 17-There was
| a weaker tone in the cash wheat mar
ket today, owing to the indifference
of foreigners to take hold of sup
plies. While no change is noted In
cash or future wheat values, the for
lmermer market may safely be con-
sldered ! cent lower, because buyers
are not disposed to purchase at the
higher figures, which, however, are
still being quoted.
There was a further showing OF
strength in the barley market today,
but locally the situation Is showing
no change from yesterday, when val
ues advanced. The cash situation here
IL somewhat firmer and buyers are
showing a disposition to take all Of
ferings of No. / feed stock around
$3.50 a ton, track Portland.
Oats market is very quiet. Buyers
are showing no disposition to dabble
around present values, but producers
are Just as independent, and are re-
fusing to make concessions in values.
There is no change in the oriental
flour situation. millers not being will
ing TO shade their present values, while
the orient cannot buy except in very
small lots.
Heavy Run OF Hogs.
Portland Union Stockyards, oct. 16.
A heavy run OF hogs locally during
the past "a hours had the effect Of
causing a lowering Of values. With
the increased run. packers who had
already rather liberal supplies Of hogs
held Off their purchases until their at
tude caused a general decline amount
ing TO 25 cents on most sorts. While
the top of the market is standing at
$3.50, the general run Of good stuff
will scarcely bring more than $3.50
at this time. At the lower price II Is
believed that the movement of hogs
will be quite good. for this is the first
time that killers have been able TO
buy hogs at these figures for some
time and they are likely TO take ad-
vantage OF the situation by investing.
The total run Of hogs in the yards
during the "a hours reached 900 head
compared with $50 yesterday and 536
for this same day a year ago. While
the eastern market is showing no
change for the day the former de-
cline there was much more severe
than here and our prices even now af-
ter the decline Of today are above
those rulings elsewhere.
Cattle Weaken Suddenly.
owing to the heavy shipments that
killers are bringing in from the noun
tain ranges there is a sudden change
Of sentiment regarding cattle values.
While best steers are still quoted as
high as $425 the general run will not
bring that figure.
sheep market shows a continuation
Of the very small run. and while pack
ers are bringing in some of their con-
tracted stuff the market stands in a
very good position, although prices
are showing no change for the day.
What the Dealers say.
Mr.. Benson OF Benson 4 Gould:
Hogs are off about % cents today on
account Of the larger supplies, but the
movement will likely be larger at the
new prices Cattle are holding about
the same. although the poor stuff is
neglected"
Lee NJ, Lacy of Hunt ~ Lacy: Cat
tie supplies are very liberal and be-
cause of the filled condition of pack
ers' pens they are not disposed to bid
so high. There is some weakness in
all grades. Hogs are quoted about %
cents lower today with the top at So
co."
j. c. Lcneigan: "Thare is a heavy
run OF steers, and cattle Of all kinds
are weaker Hogs are lower with
the bulk of the best stuff going around
$3.50 and the highest price around
$500"
j. +. Reynolds of Condor came in
with eight loads of cattle for the mar
ket.
O. W. Griffin supplied the market
with car of hogs.
\ year ago tody hogs were weak;
cattle and sheep firm; no change in
values.
Following is the general range of
values on stock ruling in the yards |
for late shipments;
Hogs-Best east Of mountains. So !
5O66 $50; ordinary, Sc; blockers and
china fats, $5.75; stockers and feed
ers, IS.
Cattle-Select east of mountains,
steers, $4@A25; medium steers, So
5O ordinary, $S25; best cows, S2.S5
al 3; heifers, SS,25; medium cows, 50
a 2.25; stags S2,5063; bulls, 50.
Sheep-Best wethers. $3.50: ordi-
nary wethers, 1925; lambs, 81;
straight ewes, SO; mixed lots, $2.5O@
2.75.
Veal-Choice young calves, $3.50;
heavy and rough $35O@4.