East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-12-29
ONE DOLLAR IS
BID FOR WHEAT
HOLDERS OF BLUESTIGM
REFUSE TO LET GO
Holiday Quiet Still Rules in
Portland Market One Dollar Per
BusheI Is Freely Bid for Bluestem,
But Holders Will Not Sell at Even
That Phenomenal Price.

Portland, Dec. 2S.-While 1t Is un.
likely that there will be any real ac'
tivity in the local wheat market unit
after the holidays have passed. buy
ers are today eagerly bidding 81
bushel for the small stocks of blus'
stem available for grinding at this
time. The only thing that puts a
quietus on transactions Is the fact that
holders of bluestem wheat want more
money and they are not willing to let
go at even 81 bushel. This is the
| first time in many years that all re-
naming stocks of that grade Of wheat
| in the Pacific northwest could be
cleaned up at 81 a bushel. In times
past there have been periods wherein
a lot or two has been sold at 81 q
| bushel but it has been many seasons
since the general market stood at that
figure. Other grades are firm on this
account with prices about one cent
a bushel higher owing to the renewed
activity Of Mexican Inquiries.
Today was very dull session on
the Portland board of trade. Wheat
was quoted firm and unchanged with
little interest in the market but coarse
grains were flrmer with buyers eager
to do business. While there was no
change in the coarse grain values here
owing TO the lack of offerings there
were several offers to buy posted on
the board of trade bulletin. One OF
these was for 500 tons of oats jan
uary- February delivery and the other
800 tons of barley February delivery.
The weather forecast for the wheat
belts show today.
Oregon-Rain west, rain or snow
east portion tonight and Tuesday, cool
er west portion tonight, cooler east
portion tonight and Tuesday. Fresh
southerly winds interior, moderate
southerly gale along coast
Washington-Rain west, rain or
snow east portion tonight and Tues
day; cooler. Fresh southwesterly
gale
Idaho-Rain or snow tonight and
Tuesday; cooler north and southwest
portions tonight, cooler Tuesday.
Fresh southerly winds.
Chicago Wheat Strong.
Chicago. Dec. 2S.-Foreign influ-
ence and higher prices abroad brought
about by crop damage reports from
Argentina, sent the Chicago wheat
market higher at the opening today.
There was only small amount of
trading during the session and the ses-
sion was dull and generally devoid of
interesting features.
There was only a fractinal amount
of short covering on the mornings |
bulge in prices and this encouraged a
few to sell again, but in no wise were |
operations of any kind on an extern
sive scale.
At the opening today May wheat
up NC to 1O7 is, but 1t closed |
exactly at Thursdays price. July
started 1-Sc higher than Thursday
and closed with the same gain.
Liverpool felt the Influence of the
news from Argentina most of all. The
market there started today at an ad-
vance of 5-Sd and closed u to "a
above the previous closing.
The American visible supply shows
in bushels:
Wheat-Decreased 35S,000.
Corn-Increased 1,424,000.
Oats-Increased $4,000.
Livestock Quiet.
Portland Union Stockyards. Dec. 2S.
The livestock market is quiet, but
when anything showing select quail
ity arrives there Is always a number
of buyers to pick It up without delay.
Today a bunch of southern steers came
in and sold at $4.75, or 25c above all
previous quotations This price is ex-
ceptional and is due entirely to the
lack of first class stock. Ordinary
steers, commonly called top stuff in
this market, will not sell beyond $3.50
but the market is good at that fig
ure. The market at this time is en-
tirely a question of quality and the
best stuff brings n much better price
In proportion than ordinary grade.
Sheep market is rather quiet and
the same Is true as regards hogs for
no arrivals were shown in either line
during the past AS hours.
Begin to inquire for Hogs.
"While there is no change in quota
tions the trade is beginning to inquire
for hogs" says Lee M. Lacey of Hunt
& Lacey "There will not likely be
much doing in any line until after the