East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-08

buyers in the yards bright and early
this morning and each one was eager
TO purchase supplies Everyone want
ed cattle and this is what caused the
small arrivals to sell at a higher
range.
"Grcat Strcngth''-Lce NJ. Lacey.
"The cattle market is showing great
strength this morning." says Lee NJ.
Lacey Of Hunt & Lacey "and every
thing moved off at higher quotations.
Good steers sold at s4@45O; the lat
ter being the top for select stock.
This compares with the previous top
at s425.
There Is very good demand for
everything in the cattle line" says j,
C.. Lonergan, "and on this account
prices are doing somewhat better.
Sheep are firm with few offered. Hogs
are about the same"
Everything in the cattle market
Of the yards is in good demand to-
day" says S. P. Gould Of henson e
Gould today. Prices are higher with
the greater demand than supplies and
taken altogether the situation is in
fine shape There is no change Of
sentiment in either sheep or hogs"
Change In Livestock Firm.
Business in livestock circles is
spreading and for that reason new
firms are being constantly addel to
the local livestock market On jan
uary l the firm of Benson & Gould
will be dissolved. Tom c. Benson Of
the firm will enter the trade on his
own account while S. p. Gould. the
other member, will take up the old
firms affairs. Both are very promi-
nent in livestock circles and the trade
expects both to make good.
Following is the general range OF
values on stocks ruling in the yards
for late shipments:
Hogs-Best east of mountains, sea
6.25: ordinary, s5.50@5.75; blockers
and China fats. s565.5O; stockers and
feeders, s475@5.
Cattle-Best steers, weighing 1900
pounds, s4.25945O; medium steers.
81 a 4.25; poor steers, $3.25; best
COWS $685. medium cows, $2.50@ !
2.S5; stays, S2,7593; bulls, $2@2.25.
Sheep-Best wethers. s4.25@4.50; |
ordinary wethers, $425: lambs, $3.50
@4.75; straight ewes, $3.50; mixed
lots. s3.7564.
Veal-Choice young calves. s4@ |
4.5O; heavy and rough, $S.5O@3.75.
Sharp Drop in Hogs.
Chicago, Dec. Hogs, $4,000;
cattle. $4,000; sheep, $4,000. Hogs
are 10 to 10 cents lower. Left over
1000 Receipts year ago $1,000 Cat
tie 10 cents lower; sheep 10 cents low-
er.
Kansas City, Mo-, Dec Hogs.
$4,000; cattle. $4,000; sheep. 5000.
Omaha, Neb., Dec. Hogs, 5000;
cattle 5000; sheep. 1000.
Lower Bids in Portland.
Portland, Ore. Dec. IA govern
ment report which gives larger crop
than expected, lower prices in Chlca-
go and Liverpool and the efforts of
the buyers to secure wheat without
paying such high prices, caused
lower range of bids on the Portland
board of trade today, although there
was no change in the cash situation.
On the board of trade 91hc was
bid for December wheat as compared
with 81 7-Sc on Saturday while the
January today showed bids of 81 "a
cents.
The oats market is quiet, both for
ash and future delivery, prices being
the same as on Saturday.
On the board of trade today there
vas sale of 900 tons of January oats
1t $31 so track There was an offer
% sell 500 tons of January oats at
$3.50 and an offer to buy 500 tons
If oats, prompt shipment, at $31.25.
This is a decline of 25c from previous
figures.
Barley futures showed weakness to-
lay on the board Of trade and both
bid and ask values are down 1-2c a
,ental. A sale of 200 tons of Janu-
lry- February was made at S26.50,
which is decline of about csc from
'ormer transactions.
There was an offer to sell 10000
bushels Of fife wheat today at 81 Y C {.
,. b. warehouse, Portland.
.a Large Winter Wheat.
Chicago, Dec. IA report that
promises crop of 439,000,000 BUSH
els of winter wheat compared with FL
nal crop estimates of 4S7,000,0O0
bushels a year ago was given out to-
day by the bureau OF statistics of the
department Of agriculture The re-
port was even more bullish toward
the growing crop than even the more
bearish had anticipated and its effect
upon the trade was not in doubt for
n single moment.
None of the trade had anticipated |
such a large showing as made by to-
days report Of the governments sta
tisticians and selling pressure devel-
oped In all markets at once. To some
extent the figures were forecast by