East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-01-29
ALL KINDS Of
BEEF ADVANCE
IMPROVED CONDITIONS
IN THE CATTLE MARKET
Arrivals Fall Off Thus Permitting
Downward Skldding of Prices to
Cease-Hog Market Is Firmer
While Sheep Market Continues
Strong-Wheat is High But Quiet
Lower In Chicago.

Lower In Chicago.
Portland Union Stockyards, Jan.
2S.-There was on Improvement in
the price of cattle today following
the changed tone in the buying dur
ing the previous "a hours. Prices in
the main are from 10c to 25c higher.
Steers which have recently sold down
to $4.75 @4.S5 were today quoted at
$4.90@ a 500, and select quality that
would have brought IS during the
past few days would today sell at
ever, there were no arrivals of top
steers today and therefore the top
quotation price has not yet been ac-
tually received. But considering the
sales of other grades and the prices
listed there is no doubt that top stuff
is worth the figure listed
The let up in the run or livestock
has been wonderful aid to the mar
ket as predicted by The Journal and
the commission sellers. The huge
SUI VI teNllt hllCl was Ad0oii6
such havoc among livestock prices
during the past few days is being
cleared out and practically all the
buyers are again in the market for
supplies.
Hog Market Fraction Firmer.
There is a fractionally firmer tone
ruling in the local hog market While
there was an ordinary run OF stock
during the "a hours the demand is
growing and the trade has every ex-
pectation of a slight advance in pri-
ces in the near future, unless the
eastern market should perchance
drop in the meantime. This latter
would cause the local market to ease
off too, for II hogs can be purchased
and shipped from the east at lower
prices than ruling here packers will
buy there.
There was only a nominal number
OF sheep in the yards during the past
"a hours and the market Is firm ar
ound former values.
Commission handlers of livestock
are all expressing confidence in the
future of the market and prices.
Opinions follow:
Lee NJ. Lacey of Hunt & Lacey
There Is not much in the yards at
this time. Cattle situation Is strong
er and Al stock would bring an ad-
vance of 25 cents.
C. p. Hall of F. C. Sharkey Com
mission Co.-"The entire market is
looking all right again with every line
safely holding its own. There is a
good demand for all good stuff in all
lines but inferior quality drags some
what"
Tom Benson of T. C. Benson &
Son-"Things look better in the live
stock market. Buyers are after stuff
again and prices are in some instan-
ces 10 to Is cents higher on cattle.
Hogs are firm"
S. P. Gould of Gould Commission
Co-"Livestock market is all right on
most everything just now. Buyers
are more in mood to do business
than for some time and they are
taking hold of the market in a way
that insures its health. The big sur
plus which bothered sellers for some
time has disappeared and buyers are
again in the market for stock
william ]. Burke Jr., of ]. c. Lon
ergan Co.-"Market for livestock is
little stronger all around"
Stockyards Union Affair,
President w. H. Daugnuey of the
Portland union stockyards takes eX-
ception TO the interview with e. A.
Lundburg, attorney for Schwarzs-
child & Sulzberger, in which he states
that the business men OF Portland
should build a union stockyards and
allow anyone to do business there on
the same basis as others.
THE Portland union stockyards.'
said President Daughtrey this morn
ing, "are union in every sense of the
word. Anyone can buy livestock |
here on the very same terms as any |
one else and this same will be true |
when the yards are located on the |
peninsula.
"At the present time commission
men are doing the handling of all
shipments here and they sell to any,
one who will pay the highest price
that is what they are expected to do
and that is the real object of a union
,tockyards-real competition.
rs. & S. can buy in the yards just
The same as Swift & Ca. or anyone
else and the man who gets the stock
s the one who pays the best No
'avoritism is shown and none could
De and run a brokerage business. The
men in the yards try to
yet all they can and the management
,f the yards has absolutely nothing
% do with the prices received. S. &
J. are buying livestock in the yards
lere about every day on exactly the
iame terms as all others.
"I have been in absolute control
If the management of the Portland
ards since they became a real union
lffair and I will continue to have the
,ay even in the new location. While
swift & Co own shares in the stock
ards company, they do not have the
any more than they do
4 other cities where they have stock.
81 see no merit whatever In the
of the s. & S. attorney. so