East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-10-28
REACTION NOTED FROM
SLUMP OF LAST WEEK.
Flrmer Tone I'm Cattle and Sheep,
Though Steer Demand Is Not Great
Pork Is Strong In the East
Wheat Sill Remains Dull Though
Portland Board of Trade Attend
ance Is Good.

top stuff bringing $6.25 more read
lily than So could have been obtained
last Friday or Saturday.
There Is a flrmer tone in cattle ant
sheep, the former line being al
strength except for steers, which re
main quite dull, with 1915 as the ex
treme top. Arrivals of cattle con
tinue quite liberal, but most of the
stuff coming consists of steers which
are not wanted. Cows and heiferi
are still wanted and are finding 6
good inquiry, with prices well main
tanned for best quality.
Run of sheep is somewhat better
and the market has an improved tone
although price values are showing nc
change at all from yesterday.
Today so horses were among the
number of arrivals.
Following Is the general range OF
values on stock ruling in the yards
for late shipments:
Hogs-Best east of mountains, 6.25i
ordinary Sc; blockers and China fats
IS. 65.50; stockers and feeders. $4.75
~
Cattle-Select east of mountains
steers, 1915; medium steers. 1926 %
$50; ordinary, 1925; best cows, sass
as: heifers, 1925; medium cows, 81
2.25; stags, S2.5O@S; bulls, 50.
sheep-Best wethers, $3.50; ordi-
nary wethers. 1925; lambs. 81;
straight ewes, SO; mixed lots, s2.509 q
275.
veal-Cholce young calves, $3.50;
heavy and rough, $4,000.
Hogs Strong In East.
Chicago, oct. 27-Run:
Hogs. Cattle. Sheep.
Chicago ......11OOO 5000 $4,000
Kansas City ..15.OOO $500 10000
omaha ..... $500 $500 2,20O
Hogs were strong at yesterdays
close. Left over yesterday, 1900. Re-
ceipts year ago 1000. Mixed, s5.15
G6.O5; heavy $3.50 6.lO; rough,
S5.25@5.6O; light, $5@5.75. Cattle
and sheep steady.
Many on Board of Trade.
Because OF the intense quiet in the
grain markets of the Pacific coast
today. there was no trading on the
Portland board of trade today, but
the attendance was the greatest since
the opening OF the exchange last
summer. Interest in the board of
trade is increasing since its recent
troubles and the grain trade seems to
be rallying to its support
A prominent grain buyer who al
though operating on a small scale,
says of the situation: 81 believe that
we should support the board of trade
as 1t stands at present, because with
such an institution operating the grain
trade will not be entirely in the con-
troll Of one or two men. While | have
not been a dealer in futures l believe
1t is quite proper Inasmuch as it has
been proved a success every where
else and Portland should not go
backward in this regard"
Wheat Higher in Chicago.
Chicago, Oct. 27.-With foreign
markets very firmly held and with
higher prices noted during the day
there. this market started kc higher
than yesterdays close for the three
options. The market was not very
active after the opening for at least
an hour, when, led by heavy buying,
said to be for Armour account. val
ues began to climb steadily and at the
close was touching about the highest
prices for the day.
Liverpool market started 3-4d above
but closed with net adj
vance of SIS to 1hd above former
prices Abroad the best tone was dis
played by the deferred options.
News from Argentina was the fea-
ture which aided the bulls most to-
day. The trade followed the reports
from South America very closely, ig-
noring entirely the report of Brad
streets showing a liberal increase in
the worlds visible supply. The pri-
mary receipts were likewise a help
toward putting up values today as
well as maintaining them at the high
er level despite the tendency of the
trade to take profits whenever in
sight
Bradstreet's report of the visible
supply in bushels:
Wheat-East of Rockies, increased
2 2,050,O00; Canada, increased, 1885,
900; Europe and afloat. increased L.
500. 900; total worlds supply increas-
ed 4.6SO.OOO.
Confederate $4,000
Oats-Increased 1,756,000.
Primary receipts in bushels
Today, Year ago
Wheat 961.000 100000
Corn 30S.000 $4,000
Shipments:
Wheat ..........S44,0O0 $4,000
Corn ..........172,O0 33S,000
The total crop of Argentina last
year amounted to POI. 1.502, 900 bushels.
In the districts of southern Santa Fe
and Buenos Ayres large portion of
the wheat crop has been destroyed.
These two districts are the largest pro-
ducers i'm Argentina and in 1907 rails