East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-05-07
WORLD s WHEAT
NEEDS MORE RAIN
CROPS EVERYWHERE SUFFER-
FROM EXTENDED DROUTH
Reports from All Parts OF the World
Say That Wheat Prospects Are
Dlscouraglng Through Lack OF
Moslurc-Still High Offers for
Wheat In PortIand-SIiddle West
Inquiries for Law Grade Flour
Sheep Market Is Dull In City.

Portland, May 6.-According to
adylces which came this morning
from almost every wheat growing Sec
ton Of the entire world, the crops are
generally suffering from a lack of
moisture. A special cable from ar
gentna says:
"a drought prevails and rain is
badly wanted. This is unfavorable
for seeding of the coming crop in Ar
gentina."
Portland Wheat Market
The local wheat market has reach
ed such a basis that difference OF
fully sc q bushel is shown. between
the quotations of the various dealers.
During the past "a hours $1.26 a
bushel was offered for round lot o.
fortyfold, but the offer was refused
because the holder wanted $1.30 and
said he could easily obtain 1t in a
very short time.
The flour market is firmer than
ever and many inquiries are now be-
ing received for some Of our low
grade stuff from the middle west.
| While no late sales in an easterly d.
rectlon are confirmed, 1t Is stated that
the offers of eastern buyers and Pa
cfic northwest millers are getting
very close together, and IL the pres
ent movement Of prices continues
some big sales may be expected in a
short time.
Sheep Market Dull.
The sheep market remains rather
dull and slow with prices about the
same as yesterday. Run of sheep
for the day was quite fair in the
yards, considering the liberal showing
of yesterday and some of the arrivals
did not move out as quickly as may
be wished. Lambs are selling rather
slowly, even with So the extreme top
and some sales down to $3.50. The
price has already reached a lower
figure than anticipated by most in
terests earlier in the season and there's
no telling how much farther buyers
VIII press quotations before they al
low trade to become steady again.
Still Famlshed for Hogs.
There was no showing Of hogs in
the yards today; no arrivals being re-
ported during the past "a hours. This
compares with arrivals of 273 head
yesterday 80 Tuesday, 26 Monday and
none this day week ago.
There was a small showing Of cat
tie in the yards today but so few are
coming that it is hard to say jus,
where the market stands. So far as
shown by actual Transactions there is
not the slightest change in sentiment.
Portland Market Summary.
Wool-1909, Willamette valley, IS
Q22c; eastern Oregon, 17@22c.
Tallow-Prime. per h., 3Q4c; No.
and grease, 2Q2hc.
Sheepskins - Shearing, 10 q 15o
each short wool. 25@4Oc; medium
wool, 5Oc@$1 each; long wool, 75cg
$1.25 each.
Hides-Dry hides, 11Q16c h.;
green, S@1Oc Id; bulls, green salt, &c
per ID; kips, SC; calves, green, Ice
per h.
Grain and Flour.
Barley-Feed, s33.50@34; rolled,
sS5 a So; brewing, $31.
Wheat-Buying price, new-Track,
Portland-Club, $780, bluestem,
s1.30; red Russian, $1,17; Turkey
red, s1.20@125; Willamette valley
$1.15.
misunderstanding price-Bran,
s2G.50; middlings, $33; shorts $50;
chop, $23@S1; alfalfa meal, $40 per
ton.
Flour-Sell!ng price-Eastern Ore
gon patent, $6.05Q6.10: straight. |
$50; export. s4.7O; bakers, s6.O5; |
valley, $3.50; graham, rs, $50;