East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-10-31
CHICAGO WHEAT
TAKES TUMBLE
EARLY SELLERS TRY TO
BUY BACK THEIR SALES.
Little Change In Grain Situation In
Porlland--Barley Flrmer In San
IranclscO-Orient Refuses 10 BE
Interested I'm F1our-Peculiar Con-
dltlOns In Livestock Market-POor
Quality of Mutton.

Chicago, oct 30.-The local wheat
market responded to the weakening
of the bull forces abroad, the lower
prices there and the inclination OF the
trade here to take whatever profits
there appeared visible.
Wheat started IA a 3-dc under the
final figures Of yesterday with the
new crop option showing the weakest
disposition. With the exception of
an additional decline Of 1-Sc for the
July delivery, the low point for the
day was made at the opening.
Early sellers showed an inclination
to buy back their wheat quite early
in the day and the improvement in
prices started in quick succession. AT
the close the market was within a
fraction Of the best prices for the day.
the last figures showing an advance
of 3-Sc to 5-Sc over yesterday.
Liverpool opened Y to 5-Sd under
yesterday and closed SIS to S-4d un-
der Thursdays final.
East Wants No Flour.
Portland, Oct 30.--All efforts to
interest the orient in flour at this
time seem to be a flat failure, and
while an occasional sale for a nominal
number Of barrels is being reported,
total transactions are scarcely worth
noting. Owing to the high cost of
wheat and the heavy requirements of
Europe the milling trade cannot meet
the views Of the orient regarding
prices Prices offered by Japan and
China are showing such a wide diff
ference at the moment that 1t is i'm
possible for the interests to come to-
gether
While 1t had been generally believ-
ed that supplies of flour in the orient
were very small. the reverse Is now
said to be the case. When the freight
rate war was on and freight was taken
to the orient as low as 81 ton. the
outgoing steamers were loaded to
their capacities with flour and this
flour is now on the market.
Locally the flour trade is very quiet
retailers being disposed to await the
result of the election before stocking
up.
There Is little change in the grain
situation. either cash or for futures.
on the Portland board of trade today
the only change in the entire list was
the slicing Of 1-Sc off the asked price
for December wheat.
While there was renewed firmness
in san Francisco barley. both for cash
and futures, the local market ruled
unchanged, except perhaps to show
slightly steadler feeling.
stock Buyers Easily Satisfied.
Portland Union Stockyards, oct. 80.
While packers are disposed to go
slow in their call for sheep at this
time there Is no doubt in the minds
of receivers Just now that the buyers
would be willing to pay full figures
for good quality Late arrivals of
sheep while of small volume. have
found but little encouragement from
packers for two reasons. The first of
these was the fact that packers were
forced a few weeks ago to go into the
interior themselves to secure suffic-
lent sheep to fill their wants and
these sheep are now arriving and con-
sequcntly come close to filling all
their requirements. owing to the lack
of grass on the eastern Oregon
ranges. practically all the
late arrivals have shown unusually
poor quality, This fact Is amply
shown by the reports of sales pub
lished from day to day by the Jour
nal.
Steers Are Hard TO Move.
81 A..