East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-11
GRAIN EXCHANGE
FOR PORTLAND
WHEAT UP ONE CENT
IN PORTLAND MARKET,
Flrmer Tone I'm Cash Barley While
Oat Quotations Are Unchanged
More Interest In Export Flour
Trade as Result of Cut In Oriental
Freight Rates-LivestOck Market
Is Inactive.

| l ne oppOslllOH WnlCn was expected w
come from Secretary Muller OF the
the board of trade, failed to material
ize-in fact Mr.. Muller did not even
stay in the city while the boards rival
was organizing. Mr.. Muller was on a
pleasure trip to the Albany fair, con-
sequently there was no attendance on
the board OF trade today and no quo
tatons were made
The opening of the Merchants Ex-
change cash grain department was at
tended by all but one firm in the
Portland grain trade. The attendance
was better than expected.
In addressing the trade present. e.
w. Wright manager of the Mer-
chants Exchange, said that It was his
intention to turn the exchange into
public corporation as soon as it could
be done. other speakers told of the
plans of the new exchange. 1t was
decided by a standing vote to hold
daily sessions Of the exchange at 1870
p. m each day instead Of 1880 a. m,
as originally planned.
Cash Wheat Is Advanced Cent.
An advance of 1c a bushel is noted
I'm the local cash wheat market today.
Exporters are again in the market
and millers too are buying. AS high
as 9Oc has been paid for club during
the past "a hours.
There is a firmer tone in cash bar
ley and some holders are today ask
ing an advance of soc a ton. Practi-
cally no No. feed barley is now be-
ing offered under s26.5O ton track
Portland.
There is a very quiet tone in the
cash oats market and prices are NOM
inally unchanged.
The slashing of oriental freight
rates on the sound has caused more
interest to be displayed in export
flour trade. a number OF inquiries
were received this morning and should
the rates get to very low figure
the trade expects a fair resumption
of flour sales to both japan and
China
Chicago wheat Firmer.
Chicago, Nov. l0.-With a better
tone ruling In all foreign wheat mar
kets and a starting of export busi-
ness here again. the local wheat mar
ket opened firmer and higher At the
start Liverpool was 3-Sd to I'D high
er. but the closing was 3-4d above
yesterday for the three options.
Chicago wheat started Y to S-Sc.
above yesterday with May at 1O5h
December 1O1 SIS and July 1O0h. At
the close the market was 1hc to
1-Sc above yesterdays final; the
greatest advance being in the May.
This is the first time during the
present option that the May delivery
has made deliberate getaway from
the other options. The reports of a
general lack of moisture in the Amer
ioan grain belt east of the Rockies, is
what caused the May to jump so to-
day. for whenever the damage news
is practically proven the greatest ad-
vance is generally noted in the May |
delivery This Is one of the easiest |
months for corners" to be attempted |
in and there was a suspicion in today's |
trading that some big operator was
going to take the bull side and at
tempt to force the May higher.
Cattle Arrivals Decrease.
Portland Union Stockyards, Nov.
lO.-The run of cattle is falling off
again. today's total arrivals in the
stockyards reaching but 40 head. Cat
tlemen have evidently come to the
conclusion that it would pay them
better to keep their supplies off the
and ship them when a demand ap-
pears. The trouble with the cattle
market of late has been the fact that
shippers sent in supplies when they
were not needed and on this account
prices were dragged lower than would
have been the case if shippers had not
compelled killers to take the offer
ings.
Sheep Scarcity Is Pronounced.
No arrivals of sheep have been
noted in the Portland yards since last
Thursday. The market is therefore
very dull. The wants of the larger
killers are still being supplied out of
their own surplus purchases made
some weeks ago on the range and un-
I'll these supplies are exhausted there
will be little call for sheep from the
big ones.
Hog arrivals have fallen back into
their ordinary rut and this has been
a slight help to the market. During
the past "a hours a sale was made as
high as $40. but general transactions
we're not over SO.
Today's arrivals in the yards COM
pare with this day in recent years as
follows:
Hogs. Cattle. Sheep.
1907 ......... go. 375 -.
1906 ......... 143 rs $50
1905 ........ SO SO 81
A year ago today all livestock lines
we're weak at unchanged prices.
Following is the general range of
values on stock ruling in the yards
for late shipments
Hogs-Best east of mountains, $6G
$40; ordinary, $5.75; blockers and
China fats, $5G $50; stockers and
feeders, $4.7565.
Cattle-Select east of mountains
steers. $4 medium steers, 1915; best
COWS, SO; medium cows, $2.5062.75;
stags, $2.50@3; bulls. $1.75@2.
Sheep-Best wethers, $3.50; ordina-
ry wethers. s3.25; lambs, $4,000;