East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-16


livestock situation could scarcely be
better than at this time. The forecast
made of the market by the Journal
recently has been fulfilled in every
particular and today higher prices are
in effect in the various lines.
Great strength continues to be noted
In the cattle situation and for one load
Of 23 steers weighing 2S,5O5 pounds,
$3.50 was paid during the past "a
hours. This Is 25c above anything
heretofore paid in the yards the pres
ent season. although there has been
considerable talk to the effect that
$3.50 would be obtainable for some
thing showing select quality. The
market for all grades Of cattle is show
ing Improvement and in all lines prices
are being held stiff. Bulls are selling
up to SECS. Arrivals are very small
and do not more than half fill the de-
mand now shown in the yards.
Hogs Sell sc Higher.
One bunch Of corn fed hogs from
| Medford tipped the top of the market
today and sold at $3.50, or sc higher
than the extreme top for recent trad
| ing Receipts OF hogs for the day
amounted to but 20 head, and as there
has been a resumption Of demand from
northern packers many more head
could be used and still not affect the
great strength now shown.
While there have recently been
several drops in hog values in the east
and middle west, the changes are not
severe enough to affect prices along
the Pacific coast.
No sheep arrived for the "a hours,
but previous arrivals readily brought
former quotations. The only setback
Of note in the sheep market is noted
in lambs, and these are generally Of
poor quality.
Following is the general range of
values on stock running in the yards
for late shipments:
Hogs-Best east Of mountains, 1925
$50; ordinary, S6G6.1O; blockers and
china fats, s5.5O05.75; stockers and
feeders. $5a5.5O.
Cattle-Best steers, Weighing 1900
pounds, $425g4.5O; medium steers,
$425; poor steers. $3.50; best cows,
1925; medium cows, $2.75; stays, S2,-
1903; bulls, S2@225.
Sheep-Best wethers, $4.50@475;
ordinary wethers, $425@45O; lambs,
$4,50@4.75; straight ewes, $3.50; mix
ed lots, s.,
Veal-Choice young calves, SAC
4.5O; heavy and rough, SS.'9Q3.75.
Coarse Grain Strong.
Portland, Dec. 15.-Great strength |
is again shown in the coarse grain list |
here as a result of the improvement F..
in California demand and prices That !
the supplies OF both oats and barley
in the south are getting close to the
exhaust point is amply shown by the
recent liberal purchases in this mar
ket for as early delivery as possible.
ON the Portland board of trade to-
day the entire coarse grain list was
quoted higher, although only one sale
was reported The bidding for oats
has been quite pronounced in the cash
market for several days but now the
futures are beginning to show signs
of returning activity. During today's
session size was bid for December
and $16O for January delivery, both
of iac a GENITAL over previous figures.
Holders are likewise asking the same
advance. During the day 100 tons of
January oats We're sold on
the board at S32 a ton.
Barley market felt the improvement
in California prices today and on the
Portland board of trade futures are
today being quoted at an advance of
&c a GENITAL for December and Janu-
airy. both bid and ask figures being up
a like sum.
There is nothing Of interest in the
flour market.
Millfeeds are showing a slightly
easier tone with some offering by out
side mills here at a fractional decline, ,
but local institutions are firm in their ,
views under press of scant holdings D.,
and very good demand and are ,
therefore holding out for former top ,
figures.
Final Government Report.
Washington, ID. c., Dec 15.--Final 7
government report of 1908 grain crop: 9
Spring wheat weight 57.S pounds, (
winter wheat, SIS pounds; oats, 29.S G
pounds; corn, S6.9 pounds. Y
Spring wheat acreage, 1I2OS,OO0 t
Winter wheat acreage, S0,349. 900;
production 43L9OS,OOO bushels; pro- 4
iuction, 31,S51, 900 bushels. "
Rye acreage, 1,94S,OOO; production, II
I1,S51 900 bushels. I
Corn acreage, O1,7SS,OOO; produc- a
ion, 2,66S,651,00O. bushels. a
Chicago, Dec, 15.-There was t
sharp break in wheat values at the I
opening of the local market today but s
he loss was regained later in the day t
md the various options closed with a r
slight advance over yesterday. {
Pressure to sell at the start of to- +
lays session came as result of in
'reasing bearishness of the entire for C
ign situation with continued depres- \
lion of prices abroad. At Liverpool 5
he market opened SIS under yester-
lay and closed with a net decline of t
i-4d to rs d from Mondays final. :
After the start there was a short
eriod in which the market here
TODD still. both sides evidently trying
10 see what the other was going to do.
- IL. -.