East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-09-10

Chicago Wheat Market.


great burst Of strength and advance
ed prices for the September and De-
cember although the May was a frac-
tion lower. Closing was / 3-S to
3-4c a bushel above yesterdays fl
nal prices.
The market made a dip of about
3-4c after the opening; bears taking
courage at the report that the north
west states would produce a better
yield Of wheat than expected.
After the dip there was consider
able covering on the improving cash
situation and toward the close the
market was carried 1 rs to 2 1-Sc
above the opening. There was a small
amount Of selling just previous to the
closing, which carried away some of
the last named advance.
Cash wheat sales-No. 2 hard win
ter, s1O2 1-291O3 1-2; No. hard
winter, 9Sc@$1.OS; No. northern
spring, StO4; No. northern spring
SLO2; No. spring, 97c@$1O1.
Cash corn-No. 2, GS 1-2669c; No
. white 69669 1-lc; No. 2 yellow
69@69 1-4c. No. 8, GS 1905 3-4c.
Portland Livestock Market.
Cattle-Steers and cows and in fact
all cattle 25c lower.
Valley stuff no higher than
IS.
Sheep and lambs-Market firm at
top figures
Calves-Slight reaction in price.
Portland Union stockyards, Sept.
1O.-Cattle market will not range
above S425 for the very best thing
now offering in steers and it takes
something exceptional to bring above
81 The sales reported at $3.50 yes
terday have turned out to be former
transactions and were for a select lot
which was sold above the regular
market price even at that time be-
cause Of the good quality.
While buyers say that they are
quite willing to take hold of all good
cattle that is offering. it is notice.
able that they are discriminating more
and more against anything that is not
strictly top" and for that reason it
would be false to say that the market
rs a unit has any real strength,
Loss Due TO Heavier Offerings.
While the run of cattle today is
not over liberal. much more stuff
would be coming in this direction If
commission handlers would say the
word. The market is in such a posi-
ton that an increased run over the |
present showing would do much |
them below the height reached at this |
time a year ago. That this seasons
stuff justifies better prices than a
year ago goes beyond saying at this !
time but the pressure of so much !
stuff on the market at the moment is
very likely to discount to a consider
able degree the strength of the gener-
ally good situation as regards prices.
Poor Quality Is Hurtful.
PERHAPS the present situation
would not be so downcast were it not
for the great avalanche of trashy cat
lie that has hit the local yards re-
emily. 1t is safe to say that more
poor quality cattle has been receiv-
ID in the Portland market recently
han for a like period in many years.
Today's run of cattle was 2S0 head
with 500 yesterday, 164
tuesday. $50 Monday, 73 Saturday,
04 Friday and $50 head q week ago
oday.
Valley Hogs Fail to Reach Top. '
Recent arrivals Of Willamette val
~ hogs in the Portland market have
OF been of sufficient quality to top
he market and the result is that buy {
RS are inclined to discriminate q
gainst these arrivals to the extent S
f 25c from the best that eastern Ore
on stuff is bringing. Best VILLAIN
tie valley hogs are not worth more
nan $S as the extreme limit at this |
me, according to all recent sales, J
lille the very best that eastern Ore t
on stuff can bring is $S.25 and the |
wine must almost be "made to order" {
} bring this figure.
Run of swine for the day was but Ia
9 head compared with 326 yester- t
ay, none either Tuesday or Monday. |
33 Saturday, AZ Friday and 81 head s
aweek ago today.
Sheep and Lambs Very Firm. {
Great strength is noted in the To- c
al markets for sheep and lambs to- G
ay. If anything the market is in :
etter position today than during re- :
ent days, when such a good feeling
xisted. Receivers are able to place
very good lamb that comes forward
t $3.50, while sheep are ranging gen.
rally from $3,75 to 81.
Run of sheep and lambs for the {
ay was limited and reached but 245 ,
cad. All good stuff was quickly ta-
en- care of by buyers from the north ,
$ well as home points and the de- ,
land is for more and better quail
y.
Following is the general range of
vestock values in the yards: /
Cattle-Best steers, Weighing 1900