East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-01-08
TOP STEERS CO
5 CENTS HIGHER
WHEAT AND MILL FEEDS
SHOW FIRMER TONE
Storm Boosts Prices and Cuts Down
Arrlvals-Wheat Crop In North
west Reported In Splendid Shape
Wheat Passes Dollar Mark-FlOur
is Advanced-ChicagO and Liver
pool Markets Firmer.

Portland Union Stockyards, Jan. T..
! There is an unusually form tone in
al; lines Of livestock today. Receipts
are light In all lines but are better
than expected All lines are alike af-
fected by the better demand but the
greatest strength Is In the better call
os steers. There Is much speculation
among the trade as to what price Sc
lect steers would bring, but until ac-
tual transactions are made prices can
not be changed from those ruling at
present. This is in justice to buyers,
sellers and shippers.
With top steers and cows scare and
sc higher there Is in consequence a
very firm demand for medium stuff.
Medium cows are today ranging ar
ound $3.50 and 1915 and top stuff
around $3.50 and 81. Sales at he
former price have already been made.
The following is the general range
Of values on stock ruling in the yards
for late shipments:
Hogs-Best east of mountains,
s6.4O; ordinary, s6.00@6.25; block
ers and china fats, $3.50: stockers
and feeders, $500.
Catte-Best steers. Weighing 1900
pounds s4.75@4S0; medium steers,
S4.25d45O; poor steers. $500 400;
best cows, s3.75@4.OO; medium cows,
S3.OOQ3.5O.
sheep-Best wethers, $500; ordi-
nary, wethers, s45O@475; lambs
$5.OO@5.25: straight ewes. $3.50;
mixed lots, s4.25.
Veal-Choice, young calves, $4.50d
500; heavy rough, $3.75@400.
Snow Is Welcome.
Portland. Jan. THE mantle of
snow which covers the various wheat
districts of the Pacific northwest has
saved the producers from loss and to
consumers the benefits which are de-
rived from the profits of a bumper
crop.
With only an occasional complaint
as to the cold weather the condition
of the wheat crop could scarcely be
improved only in a minor degree
has any damage whatever been re-
ported and this latter was shown in
a few exposed spots where the wind
had caused the snow to shift consid-
orably.
There are all sorts of rumors re-
garding the price being offered for
bluestem wheat. Some interests have
II that s1.02 has been offered others
say $103 has been refused, while still
others claim that no actual transac-
tions are known above 81 a busnel. In
any event the wheat market is very
firm locally and present prospects seem
good for still higher prices.
Milfeeds are firmer as a result of
the cold snap, and while prices are
showing no change for the day, the
tendency is upward.
One large miller has announced on
of zoe a barrel in patent |
flour. This puts his price to the same |
figure as quoted by the Portland |
FIGURING Mills some time ago. The |
entire market is firmer however, and |
another advance is still being talked |
OF by the trade.
Foreign Market Firmcr.
Chicago. Jan. 7..-There was a firm |
er tone abroad and Liverpool wheat !
closed at an advance of Il to SD |
above yesterday
Opening of the Chicago market was
to a fraction up, the July |
showing the only advance. This was
for but hc. At the opening May went |
to 1918, July 9S%, September 94S.
There was a fractional Improvement |
in the buying after the start with the |
higher foreign prices, and the better
demand for the cash stuff, but the po-
sition Of the bears was so strongly Sc
cured that the Stiffness did not last |
long and prices began to sag consid- |
erably. There was - consequent i'm |
provement from a small amount of |
short covering later in the day, and |
this accounts for {. small losses |
oh In, luas