East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-02-26
WHEAT FUTURES
GO STILL HIGHER
MILLFEEDS SHOWS WEAKER
FEELING-SUPPLI HEAVY
Coarse Grain Firm-Espccially Good
Demand for rOats-Controvcrsy Re-
garding Future Potato Market
Bulls Gain Control OF Wheat I'm
Chicago Northwest Livestock
Continues Strong.

Portland, Ore, Feb. 25.-Milfeeds
show weaker feeling and supplies
are beginning to show accumulation
In some places For this reason hold
ers are not disposed to sit upon old
prices, but are making concessions OF
several fractions in order to clean up.
On the Portland board of trade to-
day 25 tons of shorts were offered at
$29 and 100 tons at $2S per ton (. o.
b. Portland. At the same time 25 tons
of bran was offered at $2G and 100
tons at $3.50 T. o. b. Portland.
There was a firmer tone througout
for wheat futures ana both bid and
asked prices are about &c a bushel
higher than yesterday,
Coarse grains are firm but oats
especially are inclined to move well
at higher prices. An advance Of 2kc
a Genital Is shown by both the Feb
ruary and March options today
Cash oats show increasing firmness
with some interests seeking a further
advance of soc a ton for No. / white
Controversy Regarding Potatoes.
Dealers are rather mixed in their
views regarding the future of the po-
tato market. Some interests that still
retain liberal holdings are not AT all
bullish regarding the future, while
others in the same position feel like
the market IS going higher one Cali
fornia firm which itself states that It
IS fun of potq'oes. bought for specu-
lation. and would therefore profit
greatly # IT gets the growers to hold
back the supplies while 1t sells, is
out with a very bullish circular. dat
ed san Francisco. February II.
Bulls Rule In Chicago.
Chicago. Feb. 2j.-For a short time
after the opening Of the local wheat
pit was IN control Of the bears and a
lower range Of values was shown In
all options al the start of today's
trading The May went to.1ljA, July
l0g and September 9Sisc.
The loss abroad of a fraction after
n fIrmor and higher opening was the
direct cause OF the loss here at the
opening and some short covering was
noted during the initial trades There
was little. news Of Importance during
the day but the market became bull
lsh late In the day on its own accord.
Short covering then put prices Is to
Mc above yesterday
II was reported on the board that
some of the big people were trans
fering their interests in the May over
into the July and II this is so 1t ac-
counts for the greater strength In the
new crop option yesterday and today.
Today showed the greater gain.
Livestock Firm.
Portland Union Stockyards, Feb.
25.-The livestock market stands in
very good position today, with a
good run OF hogs, fair one Of cat
tie. and somewhat better than expect
ed IN the sheep market
Tha, the price OF sheep has reached
the top is the opinion of the trade in
general-n fact It has been the opn-
ion for some weeks Sheepowners
are feeling the same way now, for
their holdings seem to have come to
an end.
The demand for best cattle Is very
good and former top values are still
in effect In all lines.
Hogs are firm and unchanged, with
Yesterdays advanced values still In
effect
General Values.
The following Is the general range
Of values on stock ruling In the yards
for late shipments:
Hogs-Best east of mountains.
s125; ordinary, $500; blockers and
feeders. S5.75,
Cattle-Best steers weighing 1900
pounds. $5.S5m5. $50; medium steers,
s5.OOm525; poor steers. si5O@ 4'75;