East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-01-11

Best hogs sold as high as s6.65 in
the yards during the week and had
the quality been there more sales
would very likely have been report
ed at this figure. A number Of trans
actions were completed at $3.50. To
some extent the cold weather Was the
redeemlng feature of the hog situ-
alton. Had weather conditions not
been so cold II Is quite likely that fur
ther shipments would now be rolling
| In this direction from Nebraska
points but with the zero mark being
touched in most sections-aad in
many places below that-it is finan-
clally impossible to bring in ship
ments OF hogs over the mountains.
The risk is too great and killers
would very much prefer to pay an
additional quarter or half to local
people rather than take chances.
High Mark for Cattle.
Although showing a heavier run
than during the previous six days, the
arrivals Of cattle in the local yards
Mtlt very blldll llllS MNth. ilt lOAil
run was not liberal enough to over
fill the market II 1t had appeared any
one day in the week. New high pri-
ces were shown in steers and cows
with the prospects of a continuation
of the good feeling during the coming
week. Supplies of cattle in the
hands of killers are very scant and
unless there is an improvement soon
in the number Of arrivals, much dan
ger is threatened from n meat famine
in the Pacific northwest.
During the past week a fairly good
class of cattle put in appearance in
the local yards but first class quality
was hard to obtain
Veal calves are much flrmer with
prices higher because of the shortage
in this and other lines.
sheep Market is Stationary.
The sheep market stands I'm a po-
sition where prices will neither go
up nor down unless some startling
change in supply and demand oc-
ours. The appearance of the market
at this time Is such that 1t looks as
II top prices have already been paid
for this season and therefore buyers
supplies are not liberal enough to
force any decline in quotations and
there they stand, unchanged from
the previous week.
Following is the general range of
values in stock ruling in the yards
for late shipments;
Hogs-Best east of mountains $3.50
a eos: ordinary, $6.25; blockers and
feeders, $500.
Cattle-Best steers, weighing 1900
pounds, s4.S5; medium steers. $3.50;
poor steers, $3.75@4.25; best cows,
$S.S5@4OO; medium cows, $3.50
S75.
sheep-Best weathers. $500; ordi-
nary wethers. $4.5O@4.75; lambs,
$5.OOG5.25: S5.OO@5.25; straight
ewes. $3.50; mixed lots, $4.25.
Veal-Choice. young calves, s4.75
a 500; heavy rough. $S.75G4.OO.
Chicago Wheat Lower.
Chicago, Jan. 9.-Prices were most |
ly n shade under the final figures of
yesterday. but there was no life or
spirit in the trade, The first batch
OF orders being disposed of the busi- |
hess dropped into a mere scalping af-
fair by the pit brokers, and very lit
tie of that. No particular change |
was discernable in the situation. For
clgn news was also devoid Of strik-
ing features. with Liverpool futures
demand unchanged to 1-Sd lower
spot wheat unchanged. repeating
Figures of the day before; Berlin 3-4c |
up and Buda Pest Use higher, There |
were two matters very disquieting to |
the bulls. one was revised estimate |
by Argentine statistical bureau of the |
wheat crop of that country making 1t
215.000, 900 bushels or about a. |
100000 bushels larger than last |
years The other bearish informa- !
tion was the crop estimates from Ar
gontine The Canadian Pacific has
put in special rate of q cents a !
on wheat, Winnepeg to Liver
pool so that the United Kingdom |
will get what they want between now |
and the arrival of the new Argentine |
crop there without calling on the |
United States for bushel There was |
a sharp change in the attitude Of the |
trade on that, and n sudden break |
in the price until May wheat was !
down to $1O6 "a. The close was |
5-Sc lower than it closed the day be-
fore.