East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-30

Portland Union Stockyards, Dec. 29
There was only handful of arriv'
ais in the yards today, total Of 32
head of cattle being all that came dur
ing the "a hours Not single head
of sheep or a hog appeared. The mar
ket Is good all around, with cattle the
most desired, although no line is show
| ing neglect at this time.
Perhaps shippers are wise in theii
Withholding supplies from the market
at this time, for were the input very
| liberal there Is little doubt but that
the price would suffer. This applies
to all lines alike for butchering and
packing operations will not be re.
sumed to their normal scale until af-
ter Thursday or the first of the new
year.
To j. +. Mitchell of Gazelle, Cal.
belongs the credit for securing the
highest quotation Of the present sea-
son for cattle yesterday. "While the
shipment was made from a California
point" says Lee NJ, Lacey, the seller
"the stock came from klamath coun-
ty, Oregon, and was one of the best
lots l have seen for some time"
The following is the general range
OF values on stock running in the
yards for late shipments:
Hogs-Best steers, sweighlng 1900
pounds, s450@4.75; merium steers,
$425; poor steers, $3.50; best cows,
$3.50; medium cows, s2.75Q3.25.
Sheep-Best wethers, $4.75Q5; or
dinary wethers, $3.50; lambs, $4.75@
So; straight ewes, s4.25@45O; mixed
lots 81.
Veal-Choice, young calves, $4.25@
AIS; heavy rouh, $3.75@4.
Mexico Wants Wheat.
Portland Dec 29.-Whie but little
trade is reported in either line of the
local grain market, the tone is strong
and holders are showing no DISPOSE
ton to change their views regarding
the future demand and prices.
With remaining stocks of wheat in
the Pacific northwest in very strong
hands and few of the millers of this
territory having sufficient supplies to
fill their wants, the latter are eagerly
bidding the recent advance for wheat,
but are not able to close many deals.
1t is improbable at this time that
any great quantity of wheat will go
forward from the Pacific northwest to
Mexico. This is not due to any lack
OF demand from the southern republic
but to the determination of the mill
ers here to hold all supplies in the
country. II is a we'll known fact that
remaining supplies OF wheat in the
four coast states are barely sufficient
to tide the trade over until the new
crop is ready for the market, there
fore the trade looks upon the Mexi-
can demand with unfriendly eyes and
while that country has been bidding
high prices for wheat at interior
points. millers invariably bid more
and secure the supplies.
While a lower price Is named for
May barley in San Francisco today the
local trade was not inclined to follow
the change. The fact that California
is forced to buy its barley here adds
to the strength of the local market
and the home trade believes the de-
cline in the south today is more of
bluff than anything else.
On the Portland board of trade
trade continues slow with holiday
character predominating.
Wheat Goes Higher.
Chicago, Dec. 29,-The local trade
made sudden switch of sentiment in
the wheat market today. ignoring the
trade abroad entirely. Longs seem to
anticipate something wrong with the
crop in Argentina, although the news
which comes from there gives forth
no promise of anything seriously
wrong with the crop. The mere fact
that the wheat country of Argentina
has had a few days rain does not in
dicate that the crop is damaged to
any extent. Some interests abroad
think that the rains are welcome mas
much as they will clear the air and
in the end help the crop.
Liverpool was decidedly bearish all
day. The opening there shows a loss
OF hd from yesterday, while at the
closing the market was down S-Sd to
5-Sd from the previous closing. Other
foreign markets were depressed with
generally lower quotations. At Paris
the closing was centimes under yes
terday. After lower opening for May
and July the market in Chicago be-
came strong with considerable short
covering. This carried all values to
the high point. May was the strong
est option for the day, closing with a
net gain of 1c at 1.O7 rs, while the
July and September were each Use