East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-02-04

the shorts 70 get under cover torced
May wheat over $1.10 today and kept
the market for that option high all
through the days trading. The mar
ket closed 1-Sc higher for May, 5-S
cent up for July and 1-Sc for the Sep
tember options.
An opening pause was all there
was to the sellers chance to cover
without much OF an advance today.
The market started unchanged to a
fraction higher. Patton sold consid-
cradle wheat around the opening and
checked the advance temporarily, but
Broomhall cables telling of the
strong strategical position Of the
worlds wheat market started the
covering on an extensive scale.
Broomhall cables hinted at cutting
down Of the Argentina exportable sur
plus.
Liverpool market was weak, 1-Sd
lower at the opening, but closed un-
changed to 1-Sd above yesterday.
Cash wheat sales-No. 2 red, $1.0S
III ga; No. red, S1,09h Q1.1O;
No. 2 hard. $1.O6As1.09 ga; No. 8
hard, s1O4A @1.OS; No. northern,
$1.11A @1.12 S-4; No. 2 northern,
$10SG LII.
Crop Damaged.
crop damage news is coming from
various centers Of the Pacific north
west. Cool weather Is hurting the fall
sown wheat considerably, but the ex-
act damage cannot be determined at
this time. The damage news is stiff
fleming the tone Of the wheat market
everywhere on the coast and in San
Francisco lower grades are fractional
ly higher.
No trading at all is shown here
either for the cash or future deliver
les OF wheat.
oats market Is rather quiet but
very firm. While buyers are taking
supplies from hand to mouth because
Of the high range Of values, this is not
hurting the situation in the least for
producers are still holding tightly.
Barley market is quiet but un-
changed.
owing to the talk of another ad-
vance IN flour local trade is disposed
10 show more business. There Is
nothing at all doing in an export way
Poor Beef.
Portland Union Stockyards, Feb. 3
Every head of poor cattle thai
comes TO the market at this time Is
that much against the price for the
market has of late been overfed anc
with poor quality. Packers wants ir
this regard are more than filled anc
the few head they are now taking or
are at a lower range OF values. While
the market will stand the arrival o.
few head of poor quality, practicai'
lv all that has come of late has beer
off grade. Today a bunch of goot
stuff put in an appearance but III
sale was somewhat retarded by the
influx OF thin cattle. However, Al
steers will still stand as high as $5.2'
but few sales even for good quality
will range today over $50 and S.l5
Poor Quality Hurting Hogs.
For hogs the buying has been con
siderably hurt by the poor class o.
stock now coming forward. There
has of late been quite liberal rur
Of hogs and much the majority o.
these have been the picked over stock
the odds and ends of the season tina
none would heretofore care to pur'
chase. An occasional sale of tol
stuff is still reported as high as ~
but most OF the transactions in hog'
in the Yards during the "a hours were
around $3.50 and 1915.
There we're no sheep arrivals II
the yards during the "a hours pu
PAT head arrived here during the pas
week This is the smallest run o.
hogs noted in the yards for ions
time and indicates holding of strong
character by shippers who anticiuat'
higher range of values after
while.
What the Sellers Think.
l. C. Lonergan-"The cattle marKe
is still all right for good stuff, n'
trouble being shown in selling tot
quality at top prices. One sale o.
cows was made at $4.1O or 1Oc above
former prices. 1t is the common
stuff that is blocking trade and Il
SINNERS will send this kind of stocf
more moderately 1t will help condi
tions considerably. While one time
Is as good as another in disposing o.
poor quality, it is far better to mil
the poor stuff with the good qualit!
than 20 send all the former to mar
ket, Hogs are somewhat weaker
because of poor quality. No sheep arr
coming forward"
+. C. Sharkey of Sharkey Commits
sion Co.-"The market was quiet to
day with buyers doing their utmos
TO depress prices. Some good STUFF
came into the cattle market thi
morning but of late arrivals have beei
very poor and were therefore sol'
at low prices"
Lee NJ. Lacey of Hunt & Lacey
"Poor stuff and poor prices go han'
and on the market at this time. r
ceipts I'm the cattle market have tend
ed toward the off-grade for SOM
time and already buyers are full.
believe II will be far better for ship
pers to hold back this poor qualit,
as long rs possible because If
comes in a this time II sells yer,
cheaply."