East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-02-09
FIRM TONE IN
LIVESTOCK
BEST STEERS BRING
BETTER THAN $5.25
Hogs Are Firm, While Sheep Demand
Is Strong, Arrivals Scarce and
Prices Higil-Poor Quality Of Cat
tie Does Not Hurt Best Quality.

Portland Union Stockyards, Feb. 8.
There was a firmer tone in the live
stock market today, even hogs show
ing a fractionally better feeling around
former prices.
For AL steers 1t Is stated that an
advance of 10c has been obtained
over the figures quoted for some very
select quality. AS the stock had not
been weighed up the exact figures
cannot be given in today's report.
However, It is known definitely that
higher price than that printed has
been obtained All interests express
the opinion that good tone will con-
tinue in the market for top steers al
though at times there Is quite uiable
to be lull and possibly lower prices
for poor quality.
The soft tone displayed by the cat
tie market last week for poor quality
did not hurt the market for best quail
ity to any extent Today the call for
finished steers and cows was just as
pronounced as ever.
In the hog market the softness Is
due mostly TO the lack of first-class
quality and the trade in general has
been Of the opinion that If Al hogs
were to show up the demand would
put the price where It was before the
recent slump.
What the Sellers Say.
Mr.. Hunt of Hunt G. Lacey.-There
Is n steady TO firm tone in all lines
except hogs and even In hogs the tone
Is not so weak as It was. Late arriv-
ais have not been up to standard and
this is one reason why prices have
been depressed. With better quality
among the arrivals the market may
do better in the future.
Frank C. Sharkey of Sharkey Com
mission Co.-The market is all right
for everything with the possible ex-
ceptlon Of hogs and the latter are
selling with 1915 as the top for pres
ent quality. Four loads of very fine
steers were sold this morning.
William Burke, jr., for ]. c. Loner-
gan.-Market is firm on everything
today except hogs, but the latter will
probably do a little better in the fu-
ture.
S. p. Gould of Gould Commission
Co.-Market is showing exactly the
same tone for everything as last week.
Tom Benson Of T. c. Benson & Son.
No change In the livestock situa-
ton is shown from that in effect last
week.
The following is the general range
of values on stock ruling in the yards
for late shipment:
Hogs-Best east of mountains,
$6.75; ordinary. s6.25@ $50; blockers
and feeders, s5.75.
Cattle-Best steers, weighing 1900
pounds, $6.25@5.S5; medium steers,
$4.5OQ475; poor steehs, s4.25; best
cows. s4@425; medium cows, $3.50
pG3.75.
Sheep-Best wethers, $5.25Q5,50:
ordinary wethers, $5.25; lambs, SEQ
6.25; straight ewes, s595.25; mixed
lots s595.25.
Veal-Choice young calves, $3.50;
heavy, rough, s4.50@4.75.
Wheat Market Erratic.
Chicago, Feb. S.-The wheat mar
ket swung from strength to weakness.
then back to strength and weakness
again with quite ease during today's
trading. The opening of the market
was firm and higher with May at
1.1O SIS, July 80 5-Sc and September
80 5-Sc. The market closed 4 to
5-Sc above Saturday after very err
ratio session.
After the strong opening. due to
great strength In all options abroad
and very firm cash situation, fu-
lures swung to a very high point with
May touching a new record for the
present movement at Ill SIS.
Liverpool opened " to 6-Sd above
Saturday, was Id higher at 1880 p.
M, and closed rs to 1-Sd above
former final figures.
Grain visible supply shows for the
United States:
Wheat-Decreased 1,554,0OO BUSH
els.
Corn-Increased $4,000 bushels.
Oats-Decreased $4,000 bushels
Cash wheat is attracting even more
attention at this time than the fu-
lures. Millers are liberal buyers and
while values are still above an export
basis despite the advances abroad,