East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-16
HIGH MARKET NEARLY
REACHED LAST WEEK,
Tone Is Firm and Demand From
California Would Boost Prlces-Oat
Futures Are Flrmer-Barley Con-
tinucs TO Go Highcr-Much Flour
Going Toward Chlna-Dealers In
Livestock Expect Better Prices to
Rule.
(By Hyman II. Cohen.)

big and excited figures that ruled at
the start OF the season owing to com
petition, were but wee bit advanced
over present values when they reach
ed their high point.
At this time the market Is more
healthy than previously. At the time
the record values were made at the
seasons opening the trade was fever
ish and there was no telling what the
market would do on the morrow. Now
the market has reached calm, set
tied basis and no serious inroads
either one way or the other are ex-
pected in the price. In fact, the mar
ket could scarcely be steadier than at
this time and future values depend
entirely upon outside conditions.
If California comes into the mar
ket for liberal supplies in the near
future the indications are that the
price will be better for 1t Is all the
grain trade can do now with only a
normal demand to hold advances In
check. There is a small amount OF
business showing from the south. but
the volume has not yet reached big
proportions Exporters were in the
market during the week and their bids
put the price about 1c higher than
week ago. They are now freely Of
fering on basis 70 soc track Port
land for club, or 94c and 95c for blue
stem.
The movement from the interior to
tldewater is increasing in all lines of
grain except oats. During the week
1O7 cars of barley arrived compared
with 76 n week ago. For the week
5GS cars OF wheat arrived compared
with PCS n week ago. 365 two weeks
ago and All three years ago.
on the board of trade during the
week there was a bullish tone in wheat
| futures. For the week there is gain
| of 1Ac a bushel I'm the bid for No
vember and 7-Sc for the December
delivery.
| with advancing prices and a much
improved tone in the south, port and
board of trade prices on barley fu-
/ a
week. In the November option the
bid was 2Isc a GENITAL higher than last
Saturday and a like amount in the
December.
While the movement of flour going
forward to the orient is quite heavy
at this time. none of the shipments
consist Of recent sales. with the price
OF silver even at lower price than
during recent weeks, the best prices
the local people aan make is a num-
ber Of notches too high to suit the
oriental trade.
Livestock Outlook Brighter
Portland Union Stockyards Nov.
14.-There is much brighter outlook
all through the local livestock situa-
tion at this time.
The Improvement has been expect
ed. but its arrival has been delayed
slightly because of the fact that sup
plies in the hands of killers were
greater than had been expected.
Packers purchases were especially
heavy Of cattle and this is the reason
why they have so persistently dis
couraged shipments to the market OF
late. Just now the packers are be-
ginning to inquire somewhat for cat
tic, and while their wants have been
limited they have been more free
buyers during the past week. Nc
change is shown in cattle prices fol
the week, but the slightly heavier run
than last week was quite readily
cleaned up.
Early in the week there was loss
OF 25 cents in the price of hogs owing
to the limited demand, but later II
the week with improved feeling al
through the livestock market the sit
uation i'm hogs was one of the ftrs
to look brighter. At the close of th'
week select east of the mountain stuff
! was finding a sale as high as S6.25
: but little of this class of stock i
. available at the moment and the gen
4 eral run ranges around $6@6.10
First Change i'm sheep Noted.
For weeks and weeks--in fact, TO
4 months-the sheep market has drift
] ed about like a ship without rudder
n but the market took on n more pleas
ant hue the first of the week, and ha
i been improving since. The call a
this time at improved prices is prin
cipally for fat stuff and receivers ar
experiencing no difficulty in movin
\ this class of stock at slightly highe
Il | % oh In,
ing the past week was slightly create
than during the previous six days, tn
total run Is still very light, and as 500
as present supplies in the hands G
packers are exhausted the trade look
for a stiff movement of quotation
4 According to sellers, packers holding
are well nigh exhausted at this time
= but they showed but little indicatio
- of this fact during the recent pun
4 chases.
) Conditions in Chicago.
q Chicago. Nov. 14.-There were res
; sons for weakness at the opening
z the wheat market, but they were II
3 operative on this occasion. Presei
2 holders of wheat when not buying q
< nothing, letting the others who wal
= to- do the selling. There appears
Z be enough in present conditions of Il
! local market to prevent materi
Z decline and when active participate
! Is INDUCED in, an advance Is cas-
4 Drought in this country becomes
y more serious question every day