East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-11-20
FAT CATTLE ARE
IN BIC DEMAND
POOR QUALITY or BEEF
Is NOT WANTED AT ALL
improved Demand for Mutton Has
Caused Higher Ruling Price for
Shecp-GOod Stuff Was Advanced
Twenty-Five Cents Yesterday,
Through Ordinary Is Unchanged
Barley Drops I'm San Francisco.

Portland Union Stockyards, Nov.
! 19.-Good fat cattle are quoted very
firm in the yards at this time around
$4.25, but in order to bring this price
the quality must be good. II is in
the ordinary stuff-the lean and i'm
properly fed cattle--that the market
Is inclined to show any degree Of
dulness. Packers and killers well
tie, but they have been fed upon a
diet Of poor, thin stuff for so long
that their stomachs have revolted.
Just now they are doing everything
In their power TO discourage the
shipment of off-grade cattle to mar
ket. The method they take is simply
to cut the price to such figure that
there IL necessarily much complaint
from the shippers when their returns
come in.
While this method Of stopping
shipments of livestock that Is not
wanted has been effective in gaining
the end desired, at other times il
seems TO have failed utterly thus far
IN the Portland market for this move
ment. The run of poor quality con-
large portion Of the arrivals are car
ried over by commission handlers |
simply because buyers want the mar
ket to be slow.
Higher Price in Sheep.
a higher price is ruling in the local
sheep market because of the improved |
demand. Because of the limited ar
rivals killers are today offering an
advance OF about 25c for the better
Class Of stock, although ordinary
quality is unchanged. Lambs are now
coming about as heavy as sheep and
for that reason the killers are not
willing to pay such high prices as for
merly The commission trade is now
quoting as high as 81 for select
wethers with some going down to
1915. Straight ewes are finding
demand around $3.25&S.5O and mixed
ewes and wethers (about half and
half are being quoted at $3.50 1915.
Hogs are showing a steady tone
with sales today around S6.15
Big Barley Drop,
While the San Francisco market
shows a serious decline in the price
of barley today, local holders do not
show the slightest change in their
views. In San Francisco May barley
dropped from $1.53 to $L49a per
GENITAL today while the December de-
livery went from $1.51 to $l.46 rs.
While this is one OF the most serous
declines noted In the coast barley
markets for some time, the local trade
takes the view that San Francisco has
been advancing It's barley prices alto
gether too fast,
Locally the market for barley fu-
lures has not kept pace with the many
ate advances OF the San Francisco
market While the prices in the
south were going upward at pace
hat would invite heavy shipments. ,
low that these shipments are going
forward there is no need to decoy :
growers further so today values in
he south went to basis where the
ocal trade believes they should have :,
Deen all the time.
Among the Portland barley trade
he opinion is general that barley will
ell higher at a distant date this sea- /
on and for that reason the fact that -
ocal warehouses are full of barley
las not in the least disturbed them.
California is again buying oats in
his market and is paying around for s.
1er quotations. Today the Portland o
oard of trade reports the sale of 400 n
ons of January oats at $3.50 track {
his city There was no change in any Il
( the grain futures on the board of Il
rade today. al
Bears Rule May Wheat. u
Chicago, Nov. 1S9-The bear clique "
ad 1t in for May wheat today, and %
iey sold that option from morning to
lie end of todays session. The mar d
ct started weak with a lower range
broad and for deferred deliveries ai
ontinued slow and weak all day. The III
ose was 5-S and 3-Sc lower for May re
nd July options, respectively, while III
lie December closed at an advance u
3-Sc. III
Liverpool put its bearish foot for al
ard at the opening this morning VI
ith an initial decline of 4 to I'd. ,
ater in the day there was a fractio- III
improvement, but prices changed Us
1t little. Liverpool closed today is w
kd under the final figures of yes &c
rday. nc
Some of the grain leaders attribute
days decline in distant futures here Ia
the efforts to shake out the tail III
s. who have been holding the mar re