East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-30
BRIGHT OUTLOOK
FOR LIVESTOCK
TONE OF PAST WEEK IN
ALL LINES WAS BETTER
Demand Good for All Glasses of Beef
While Indications Point TO Sharp
Advance for Prime Steers-Finish-
cd Hogs Are Scarce and Drop VIII
BE Recovered-Sheep Wanted, but
Are Scarce.
(By Hyman Il. Cohen.)

(By Hyman ii. Cohen.)
Portland Union Stockyards, Nov.
2S.-A silvery lining appeared among
the clouds of the livestock situation
during the past week week, and live
stock affairs have taken on a bright
er hue.
While there was but little change
in the amount of arrivals during this
week as compared with recent Pc
riods, the tone generally was much
better. Most of all affected by the
changed attitude of the buyers was
the cattle market, While heretofore
Of late there has been much discrimi-
nation between grades among the
killers, there was q good demand for
all grades during the week, and the
outlook could scarcely be better for
an advance in prices than at this time.
There was no change in cattle mar
ket values during the past week, ex-
cept perhaps that lower grades receiv-
ed a fractional advance once in a
while. However, the general price
range shows no change. There is
every indication that well finished cat
tie will bring an advanced price soon
because the wants OF packers in the
open market are increasing, while Of
ferlngs from the interior show a de-
crease.
Finished Hogs Are Scarce.
There was a great scarcity of fin
shed hogs in the yards during the
past week, although the total run was
almost as heavy as the previous six
days. The general quality Of the hogs
now coming to market is very poor,
and for that reason most of the sales
during the week were made at Sc or
less. Hogs that would bring the top
price were generally absent and for
this grade there continued a steady
tone all week, although there was
slight easlness shown at the close.
Good Demand for Sheep.
There is a very good demand for
sheep in the local yards at this time.
although the run was a continuation
of the previous shortage. Only 765
head arrived during the six days, |
while the demand was for several
times as many Northern packers ap-
peared in the market for sheep dur
ing the week, but their wants could
not be filled On this account the
market was very firm. To some ex-
tent the future of the sheep market
is In the hands OF shippers. They |
have waited for a better price for
some time. and now have their wish
almost in sight Unless there is rad
ical increase in the volume of arrivals |
the indications are that sheep prices
will move up considerably during the
coming 10 days. In this prediction
practically all local livestock commits
sion merchants join.
Following is the general range OF
values on stock ruling in the yards
for late shipments:
Hogs-Best east of mountains, Sc q
615 ordinary. s5.5O@5.75; blockers
and China fats, $5@5.50; stockers
and feeders, $4.75q5.
Cattle-Best steers. weighing 1900
pounds, $4Q425; medium steers,
sS,5O@4; poor steers. $3.50; best
cows. SO; medium cows, $2.50@2.75;
stays. s2.5O9S; bulls, $1.75@2.
Sheep-Best wethers, $4@4.25; or
dinary wethers, s3.5OQ3,75; lambs.
S4Q425; straight ewes, sS9S.25;
mixed lots, SSGS.75.
Veal-Choice young calves. $40
4,5O heavy and rough, $S,5O@S.75.
Bulls Rule Chicago.
Chicago, Nov. 2S.-Bull forces were
plainly seen to be still in control to-
day, and the market being hopelessly
scalpers based their opera
tions to fit in with the prevailing
stronger forces.
In addition to the flrmness of for
eign markets receipts in the north
west were considerably less than a
week ago, and even smaller than on
the corresponding day in 1907. Liv-
erpool was from unchanged to Nc
higher without change in value for
spot wheat. Antwerp repeated yes
terdays figures. Berlin was up Nc
and Buda Pest NC. The market turn
ed easier near the end of the session
with much to avoid possible accidents
before Monday morning,
Receipts of corn at Chicago were
heavier than of late, and
an easier tone was given to the mar
ket in consequence. Selling of May
corn against purchases of December
was noticeable because of the limited
amount of bushes of any other kind.
The latter feature was less prevalent
toward the end. Sample market was
fairly firm at prices the same as yes
terday. Market for December corn
near the end became very heavy, and
1t closed $50 1ac below where it rest
ed Friday.
May left off at 1-S@ &c decline,
and July lie down. Trade in oats
was light, and little disposition was
evidenced to business when more
than a very small fractional change
in prices from yesterdays closing fig
ures occurred. Market had an easier
tone after the sales in the sample
markets were found to be II lower
than they were yesterday for the poor
er grades.