East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-10-19

Shipment Arrivals.
Chicago, oct. 1S.-Wheat was most
of the first half of the session easy the
weight of cash wheat in the northwest
and the absence of cash demand be-
ing the chief factor. Forecast of rain
where seeding had been deayed by
dry weather, big Winnipeg receipts
and conflicting reports over the Ar
gentine frost aso checked buying
Some Argentine cabes said that
there was no damage Of importance,
and none Gained much injury. Mod
crate buying by the northwest and
profit-taklng by shorts gave the mar
ket its chief support. Liverpool ca
bles were firm, gaining 5-S@71Sd.
Weather was dry in the southwest,
with traces OF moisture in the extreme
southern part of the winter belt.
Corn was depressed by arrivals OF.
new corn, which, although small, were
straws which showed which way the
wind blows. Absence of general de-
mand to encourage professionals, who
believe the reaction has been large
enough to warrant purchasers to buy
also figure in the markets course.
Prices declined asa 1ac, and rallied
partly. Corn receipts were delayed.
Liverpool was 4 g3-Sd higher.
oats dragged, trade was slow and
prices kept within the smallest of
limits. Somewhat better receipts and
periodical east in the cash market
have caused some depression during
the week Country movement Of oats
continues moderate. Cash demand
only fair.
Provisions declined 5@7lac on SELL
ing stimulated by lower hog prices
and absence OF snap I'm the cash de- |
mand. Packers did little. Prices have
been dragging most Of the week on
liberal supplies of the live article.
Cash sales:
Wheat-No. red. 99cd$1h; No.
3 hard winter 9ScG G$1.1O; No.
northern spring, s1O3@1O5; No. :,
northern spring. $1.O2 los; No. 3
spring, 9Scd$104.
Corn-No. 2, 1874 a 73c; No. 2
white, 7SG74lAc; No. yellow, 7sc;
No. 3. 72c; No. white, 72la G73c;
No. yellow, 7Sc.
Oats-No 2 white asa 49c; No. 4 |
white, 43I47ikc; standard, soc.
Some Surprises
Portland Union Stockyards, oct is.
The drop in hog prices during the
week Just ended was surprise to !
most Of the livestock trade, but to
few Of the insiders the result was ex-
pected-and i'm fact forecast.
The trouble with the hog market
the past week was the matter OF too !
heavy arrivals That was all there is /
to the decline OF about 75c in the |
price. During the week the run Of |
hogs in the Portland yards totaled p
92S head compared with 1897 a week
ago and 1906 head for this same
week a year ago. The increase is
therefore quite noticeable. At the
close Of the week the hog market was
resting easy with sales of top stuff
around $3.50
Oalllc DcCllhc Is surprise.
The decline in cattle values at the
close of the week was somewhat of a
surprise although those who had
their ears to the ground could hear the
disturbance for some time. month
or so ago packers experienced consid-
eralble trouble in getting sufficient
amount of finished steers to fill their
wants and the result was that most
OF them went out nts the country and
purchased supplies for future deliv-
cry. These cattle are now coming for
ward from the ranges and as they
have already been paid for and are
sufficient for the immediate needs of
the killers, the latter are not inclined
to purchase heavily in the open mar
ket.
There is quite likely to be a con-
tnuatlon Of the heavy run of finished
cattle from the ranges to the packers
for awhile and it looks that for pc
riod of two weeks the markets will be
so well supplied with these that ship
ments by sellers will not be quite as
profitable as if the stocks were ship
ped later. This is the general opin-
ion Of livestock commission merchants
and they at least are in a position to
know the wants of the buyers.
While the run of sheep in the local
yards the past six days was somewhat
greater than last week, being 1875
bead compared with $50 head, the ,
supplies are still very scant locally
and for this reason the market is
quoted nominal at about former val
ues.
A year ago for this same week hogs
were weak and slightly lower, but cat
tie and sheep were firm to steady at ,
unchanged values.
Following is the general range Of ,
values on stock ruling in the yards q,
for late shipments:
Hogs-Best east of mountains, .
$3.50; ordinary, SO; stockers and Chi
ma fats, $5.75; stockers and feeders.
IS.
Cattle-Select east of mountains, y
steers. 81; medium steers, $3.50: or
dinary 1925; best cows. $2S5@3;
hefers, 1925; medium COWS, $2@2.5;
stays, S2.5OQS; bulls, 50.
Sheep-Best wethers, $3.50: ordi- =
nary wethers. 1925; lambs, "a:
straight, ewes, SO; mixed lots, $2.5O@ q
2.75.
Veal--Choice young calves. $3.50; :
heavy and rough, $3.50@4.