East Oregonian : E.O. (Pendleton, OR) 1888-current, 1909-03-31

Portland. March 3O.-The entire
grain market is very quiet today but
in no line Is even a slight degree OF
easluess shown.
Remaining stocks Of wheat in
farmers hands are so sc1nt ana in
such fow positions that present nigh
price cannot coax them into millers'
bins on the other hand the price
has reached such n point where It
would he commercial suicide for a
miller 10 oyerbid it without receiy-
ing much more money for his flour,
ana under present conditions this
seems impossible.
There remains a general lack Of
export flour business. It is stated,
however. that several interior millers
have recently sent forth quotations
about zoe under those listed, but
were able to secure only a small am
cunt OF business.
Potatoes DO Not Change.
Both weakness and firmness is not
ed in the potato situation at this time.
In the south prices are practically no
higher than here and this has dis
couraged buying at country shipping
points, but on the other hand local
jobbing trade in potatoes was scarce
" ever better than today. For best
stock the trade Is holding out firmly
for Sl75 here and this is the ex-
treme top in the south. While buy
ers may be easier in their views re-
garding the outlook for potatoes, pro-
ducers are inclined more than ever
to believe they will eventually obtain
a higher price. In some instances
growers have made up their minds
not TO accept more than fraction or
two under &c a pound. and it will take
a complete revolution OF conditions to
cause them to change their ideas.
Interest in Livestock Situation.
While there was considerable weak
ness in cattle values today and killers
were unwilling to offer within 25c OF
the previous top for steers or cows;
the market is not showing any change
in quotations because receivers did
not move shipments at the offered
value.
The local livestock situation pre-
sents most interesting study at the
present time. 1t is but n repetition
of what occurred at several periods
of the present season. Killers who
were very short of cattle during the
scarcity period quickly overfllled
themselves when supplies again be-
came plentiful. The result was all
that could be expected from buyers
they temporarily withdrew from
the market at the high prices and not
caring very much to land supplies, Of
fered a lower range simply to dis
courage shipments until the surplus
could be cleaned up.
This surplus is not very heavy |
one and from present Appearances Will
not take long to get rid of. The for
mer strength of the cattle market has
simply suffered an eclipse owing to |
the surplus, but as soon as the clouds
or big holdings are cleaned up the
situation will very likely show Its for
mer activity and strength.
Some of the liberal run of cattle
Yesterday was carried over until to-
day because of the slower buying and
the lower price offering.
Market Summaries.
Wool-19O9 - Willamette valley,
17B@1Sc: eastern oregon, ITO 1Sc.
Tallow-Prlme, per lb., 9Q4c; No.
and grease, 2@2'c.
Sheepskins - Shearing, 10q15c
each: short wool, 25@4Oc; medium
wool. 5Ocd$1 each; long wool, 75c@
S1.25 each. 4
Hides-Dry hides 14@16c lb; green
S61Oc lb: bulls, green salt, &c per
lb; kips, &c; calves, green. 14q1o
per lb
Mohair-19O9-Nominal, 22Q2Sc.
Grain and Flour.
Barley-Feed, s26.50@2IOO; rolled
s2s; brewing, s27@27.5O.
Wheat-Buylng price, new-Track'
Portland-Club, $1.10; bluestem, $1.23