East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-10-20
WHEAT QUIET
IN PORTLAND
DOCKS AND WAREHOUSES;
ARE ALL FILLED.
Prices Are Weak Abroad But Quota
lions on Coast Remain Unchanged
So Far-Bcars Full Down Chicago
Markct-Damage 10 Crops In Ar
gcntina Oyerdrawn - Livestock
Transactions Decidedly SLOW.

grain markets. Both cash ana iu-
ture stuff Is showing little movement.
The docks and warehouses are full
os grain and this in itself is checking
buying operations at primary points
There is merely a tinge of weak
ness in the wheat situation but prices
are showing no change. Buyers gem
orally agree that even though there
was some call, It Is not likely that
prices would be within cent a bush
el of prevailing quotations. The
weakness abroad. while not severe.
indicates that prices on this side OF
the water have been kept at too high
a figure. on the board of trade to-
day there was no change in wheat
futures from the prices in effect on
saturday.
While no change in barley values
was shown locally today, the market
is not quite so firm. There was
slight reduction in bid and ask values
ir san Francisco, but the usual Mon
day quiet reigned on the Portland
board OF trade during the session.
Buyers are not seeking oats sup
plies at the moment, all interests
seemingly being filled up with stocks.
There was no change in either cash
or future values during the day Both
are quoted nominal at the moment.
m. L.. In nn
Chicago. oct 19.-Wheat trade was
bearishly inclined from the very first
trade today There was a lower range
Of values abroad at the start, the de-
cline being wldened in the deferred
options toward the closing.
with the wheat trade. sentiment
seemed to cut little consideration In
price making today. The fact that
the damage TO the crop in Argentina
by the freeze had been largely over
drawn. was the big bearish note of
the day. The continuance Of very
heavy run OF wheat into primary
markets was another thing that aid
ed the bears I'm cutting under Satur-
days market.
This market started Is to nc un-
der the final figures of Saturday The
session did not show much Of a rally
al any time and the closing was 3-S
to SAC under Saturday. Liverpool
closed Is to 3-Sd lower for the De-
cember and unchanged for both the
Nf,v,h aul Mav optipus
Few Hogs Moving.
Portland Union Stockyards, oct.
19.-There Is extreme weakness in
the local hog situation and few hogs
are moving at Saturdays top figure
AT $3.50 Much the larser per cent
of latest arrivals have sold at 1925
and If the present movement keeps
up the top price will likely land at
that figure I'm the very near future.
Cattle are quoted very dull with a
tinge Of weakness of everything OF
everything except the best stock
The tiptop of the local cattle market
nt the present time is 81 and even at
this figure receivers are experiencing
While the market Is not exactly weak
for best stuff, the tone is extremely
weak for best stuff. the tone is eX-
tremely duh Packers are getting
their own stock off the ranges at this
time and temporarily are out of the
market except in a small way and
then only nj lower range of values.
sheep are quoted nominal at UNI
changed values
What the Dealers Say.
:. p. Gould. of Benson 4 Gould:
"The market Is very duh and weak
for cattle and prices are going no
higher than 81 for best steers. Hogs
are disposed to show weakness"
Mr.. Hunt of Hunt & Lack: "The
cattle situation Is very dun as we'll
rs weak one: while best steers are
no change in price. the quail
ity Is not good enough to get more.
Hogs remain weak with the bulk of
the sales of best stuff around $6.25."
Following is the general range Of
values on stock ruling in the yards
for late shipments;
Hogs-Best east Of mountains,
$G.25@65O; ordinary, Sc; blockers
and China fats, $5.75; stockers and !
feeders, IS.
Cattle-Select, east OF mountains,
steers, 81; medium steers $3.50; or
dnary, $3.25; best cows, S2.S5 a ;; |
heifers. 1925; medium cows, SEA !
2.25: stags, $2.5O@S; bulls, So.
Sheep-Best wethers, $3.50; ordi-
nary wethers, $3.25 lambs. 81;
straight ewes, SO; mixed lots, $2.5O@
2.75
Veal-Choice young calves, $3.50;
heavy and rough, $3.5O64.
A year ago today hogs were weak;
cattle and sheep firm; all values un-
,hn