East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-04
WHEAT PRICES
GETTING BETTER
HOLDERS ARE ASKING
MORE THAN IS OFFEREI
New High Mark Reached on Chicago
Board OF Trade-Oats and Barley
Remain Unchanged I'm Portland
Strong Tone In Wheat Helps Coars-
or Grains In Chicago - Livestock
Continues 10 Improve.

Portland, ore, Dec. 4.-lmproYe-
ment was shown today in the tone
of all local grains on the Portland
board of trade. There was an ad.
vance of 1-Sc in the bids for both
December and January options OF
wheat today. Holders were stronger
in their views and were asking an ad-
vance Of u a bushel over yesterday
with December at 93c and January
at 93hc a bushel.
While the cash wheat situation con-
tinues very firm with no change in
values, the volume of business Is
small This is due entirely to the
lack Of offerings by producers The
recent sales of bluestem at other
points at 81 bushel basis tidewater
delivery has excited the growers and
no supplies are obtainable at the mo-
ment under that figure. Portland
buyers say they are not offering over
96c bushel but admit their inability
to buy supplies at that price where
Others are offering considerably more.
On the Portland board of trade to-
day there was no change in prices
on either oats or barley futures, yes
terday list on both grains being con-
tlnued by buyers and sellers How
ever, in view OF the better feeling in
the south. a sale of 300 tons of oats
was made for January-February de-
livery at $32 a ton as compared with
$3I75 yesterday. A sale of 200 tons
of barley was also made for February
delivery at S27 track as compared
with transactions yesterday at $26.75
per ton.
Another Cargo of Flour Sold.
Local people have purchased for
Hongkong account a cargo of flour
which the Centennial mills at Seattle
which will go forward in the near fu-
ture. II is understood that a ship has
been taken on the sound to load the
cargo at 81 a ton or 81 cheaper than
the shipment could be made by reg
ular liner from Portland. 1t is stated
that the price received is about $3.45I
net tidewater.
Local flour trade is very firm but
no changes I'M values are shown for
the day.
High Mark in Chicago.
Chicago, Dec. 3.-Wheat touched a
new high mark for the present crop.
May option reaching its high point to-
day at 10 SIS, as compared with
HOY yesterday, However. the clos
ing day is 15c above yesterday on the
much manipulated option.
There was a showing of weakness
abroad, with more rains reported in
Argentina and in Russia, where they
were badly needed. Liverpool opened
with May at Is 3-Sd and closed at
Is s 3-4d.
1t was the cash situation which |
caused the good start in the Chicago |
wheat pit this morning December
went to 1851 but May and July
were each disappointing at the OPEN
ing. A few moments after the ses-
sion started both of the latter options
began to show strength. which contin-
ued right up to the closing The
closing was as to 5-Sc above yester-
day, with May option strongest.
The strong tone in wheat was
great aid to the coarse grain markets
today. After opening slow, corn op-
tons closed l9c higher for May and
July. Oats started strong, with little
change in quotations, but with the
in wheat and corn a bet
ter feeling was impaired to oats to-
ward the close. This was "a to 7-Sc
above yesterday. A lower hog market
in the yards caused weakness in pro-
visions.
Cattle Values Firm.
Portland Union Stockyards, Dec. 8.
Cattle values are very firm in the