East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-17

Portland, Oregon, November l6.-
Late purchases of exporters and the
resumption Of buying on a small scale
by southern parties brought about an
improved feeling in the local wheat
market today with futures showing
an advance of 1-Sc for both the No
vember and December options on the
board of trade. For the former 81
5-Sc was bid and for the latter 92c.
While cash wheat market is rather
steady, the tone is dull at the moment
and there was no change in prices for
the day.
Cash oats market, while not very
active, is disposed to show consider
able firmness from sellers point of
view for holders are not offering
to any extent and therefore those who
want to buy are naturally forced to
pay the top price.
on the board of trade today, fol-
lowing a better feeling in San Fran
cisco with higher prices, the local
market for oats future is higher No
vember bids climbed to $i.55 as COM
pared with $153 ga on Saturday
while the December went to S1.57 u
compared with $1.55 at the previous
closing.
Barley prices were higher in San
Francisco today and on this account
local interests were willing to bid
fractionally higher for futures. all
though spot stock remains firm but
unchanged at $26.5O. on the local
board of trade today November bar
ley bids advanced from $1.32h to
Sl.33 "a, while the December went to
$1.36L compared with a bid of $l.35
on Saturday.
In Chicago.
Chicago. Nov 16.-As far as the
opening was concerned the wheat
market was firm with prices higher
Foreign markets continue TO be an
Influence, but unless the tone abroad
IS very decided one way or the other
the market here is quite likely to go
contrary to sue influences. Today
Liverpool was quite firm with the
closing I'd above Saturday for the
March and May options,
The weaker cash market at home
and the slowness thereof was one o
the bear arguments for the day. At
st. Louis cash stuff was iac to 1c be-
low Saturday and at other points buy
ers were disposed to hold aloft as
much as possible.
on passage wheat shows a decrease
Of $4,000 bushels; corn, $1,000 bush
els.
The American visible supply shows:
Wheat-Increased 1,124,00O bush
els.
Corn-Increased $4,000 bushels.
Oats-Decreased 10000 bushels.
sheep Market Mystery.
Portland Union Stockyards. No. 16
The first day of the week shows
clearer outlook for both hogs and
cattle in the local yards, but sheep
remain quiet.
The course of the sheep market
thus far this season has been very
much of a mystery to the trade here.
Dealers who have been buying and
selling sheep for many years assert
that the present season is the oldest
they have experienced, and they
scarcely know what to think.
"It's rather queer the way the sheep
market has been ruling of late" says
Tom Benson. one of the old timers
in the buying line. "The receipts
this season have been entirely out
of line with former years and the
dullness has been more intense. sheep
supplies have been nominal in the
yards here for so long that it Is a
wonder how little prices are encour-
aged. Even with a very small run the
killers have shown but little DISPOSE
ton to enter the market and in thi
way prices have remained practically
unchanged for long periods"
Improvement Long Overdue.
The fact that during the past week
there has been fundamental i'm
provement in the demand for price
for the better class of sheep may pos
sibly mean that the long expected and
long delayed Improvement in the
sheep market is to take place.
Hog market is quite good today
with the tone steady to firm at $6.25