East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-15

Iahd ana ClicagO.
Portland Union Stockyards. Dec. IA
~ believe that the price Of cattle
viii break few high records in the
spring and that beer prices will likely
break few high figures as well as
the consumers pocketbook." So
said william II. Daughtrey, president
OF the Portland yards today in COM
menting upon the general situation
81 believe that The Journals esti-
mate OF a half shortage in feeders
from year ago or recent seasons IL
very conservative; in fact. believe
the shortage viii reach still higher
figures. There is only about a third
as many cattle being fed in the Butter
creek country this season than Is usu-
ally the case, and what reports / have
from the various sections show gem
eral decreases I'm available supplies.
or all the districts the Hudson Bay
country up Walla Walla way is the
only one to show a larger number Of
feeders than year ago Yakima is
fully half short and there Is about
the same, decrease shown in opera
tious around Ontario"
High Price for n Cow.
\ record price was paid for a COW
for recent operations in the local
yards when the Union Meat company
purchased an animal weighing 1850
pounds at 1925. This is an enormous
price for q COW at this time but the
buyers say It was extra select and
well worth the money. The general
trend OF the cattle market IS toward
additional flrmncss Steers are bring
ing top figures.
Following is the general range of
values on stock running in the yards
for late shipments
Hogs s-Best east of mountains
s6.25: ordinary. So; blockers ana
china fats. S5.5OG5.75: stockers and
feeders. s5,OOG5.5O.
Cattlc-Rest steers. weighing 1900
pounds, $425@a5O; medium steers
$4,000 425; poor steers. $3.25; best
cows. $325; medium cows, $2.5OG
2.S5; stays, $2.75GS.OO; bulls, $500
G225.
Sheep-Best wcthers. $45O6 475;
ordinary wethers. s425m45O; lambs,
S4.5O@A75: straight ewes, $3.50;
mixed lots. $500.
Vcal-Choice young calves, $4,000
4.5O; heavy and rough. SS.5OG3.75.
Wheat Is weak.
Portland. Dec Weakness In
the domestic and foreign wheat mar
ket of late IS causing some degree OF
weakness in the local situation and
were It not for the very small avail
able supplies lower prices would un-
doubtedly be forced. The cash wheat
situation Is therefore for that reason
holding quite steady AT former rul-
ings Likewise there was no change
In futures on the board of trade to-
day.
The coarse grain market continues
t. take the lead all over the coast |
Cash stuff Is firmest although futures
are holding their own here. Cali !
fornia continues to buy barley and |
oats in this market although the vol |
ume of sales is not quite so good as
n week ago. A holiday character is
shown generally outside Of this and |
there was no change in board of trade |
prices for coarse grain futures during |
todays session. During the day 200 |
tons Of February oats We're sold at |
$32.dO track in Portland and zoo tons |
a. $33 track in Portland.
The movement of wheat toward |
tdewater Is increasing again. Sew
cral cargoeS are being loaded and If
there is q resumption of buying after
the holidays there will likely be some
activity in the price. There is no
change in the oriental flour situation.
Local trade is steady but quiet.
Foreign Markets Unsettled.
Chicago. Dec. 14.-There was fur
ther weakness i'm the local wheat sit
uation following the failure of for
eign markets to show the slightest in
dlcations Of Improvement While
there was fractionally better feeling
in Liverpool at the opening, the close
is a fraction down, At Paris the
market was disposed TO so very slow
and the closing there was centimes
under Saturday. .....
After opening weak and with lower
prices I'm effect, this market began to
sag quite heavily. Additional short
selling appeared ana there was little,
If any inclination among the longs
to take up any Of the offerings This
gave further encouragement to the
bears and the absence of damage
news from any source completed the
rout of the bull clique.
May option was the weak feature
OF today's market, closing with the
greatest loss, while the September
was best supported and suffered a
decline Of but a fraction from the
previous sessions end. Todays mar
ket closed Is to is cents under {