East Oregonian : E.O. (Pendleton, OR) 1888-current, 1911-03-10

buy stuff for a portion of its value.
Some OF the best cattle hat have
entered the local market for many
a day found no takers yesterday all
day or this morning. Some of this
came from the Prineville country and
was in prime condition, while a big
bunch from Gazelle, Cal, went all day
without buyers even looking at them.
Too Much Cattle Here.
The truth of the matter is that
there Is too much cattle in the local
market. Every packer of conse-
supplies and the visible supply tooay
supple sand the visible supply today
is greater than for any similar period
for many seasons.
While the condition of the market
for light cattle Of quality is not quite
as bad as for the heavier stuff. all
sorts seem to be coming forward too
freely for the want Of the northwest
trade.
The cattle market is in a very
bad shape" says A. f. Hunt Of Hunt
e. Lacey. 1.-THE market is extremely
bad and Is at least 25 to 30 cents
lower. / wish The Journal to deny
emphatically the report printed in a
morning paper hat the cattle market
is good and that everything is moving
off well at high prices. The report
IL absolutely false in every partlcu-
lar. Some Of the best cattle that have
entered the yards for a long time
found no sale yesterday or this morn
ing.
"If shippers would hold their stock
off the market for a week or 10 days
it would have a good effect upon the
trade. 1t would allow killers to work
off some of the surplus that is now
pressing down prices and allow ship
pers to get more money for future
shipments. If they don't do this the
market will go from bad to worse"
sheep Market Higher.
While cattle were weak and from
25c to 35c lower, there was a better
feeling in the market for sheep. Sales
were made in the yards this morning
from 15c to 25c above previous quota
tons. This better price was obtain
able for excellent quality, notwith-
standing the fact hat the run today
was extra liberal and has been good
for some days. A recent Improvement
in the eastern situation is one of the
causes of the better buying here.
Only two loads of hogs came for
ward into the yards today and both
OF them were shipped through to Sc
attic, having been purchased in the
country.
Eggs Lowest Ever.
Price of eggs reached the lowest
point here for several years. Sales
were made in lots as low as lie a doz-
en-. but even at this figure buyers were
not eager to AXE hold. The jobbing
price remained nominally at 1Sc. or
1c below yesterday.
Receipts of local eggs continue to
show a material increase, and the
heaviest receivers are taking no
chances with the future, and are I'M
loading from day to day If possible.
Some of them say hat 1t is practical
ly impossible to get from under with
u cutting prices toe much, and this
receivers are adverse to doing. as
they would like to protect their ship
pers as much as possible.
Eggs are quoted at a further de-
cline In the south, but prices there
are now about on a parity with quo
tations here. In the north there is
tendency to hold up prices in the pa
pers as much as possible in an effor
to unload with the least possible loss
1t is stated that practically all OF tn
big northern buyers are heavily load
ed with local as we'll al California
eggs, and therefore are vainly tryinl
to check any further loss.
Only the best eggs are selling her
at the prices quoted. Stock that ha
been looked over and the larg'
eggs taken out, are not worth within
a cent or two of the high mark.
Japan Taking Flour.
While a private message from tn,
north states hat Japan is really tax
ing all the flour that can be obtained
a. the present time, local milling in
terests say that 10 new business is of
fering at present prices.
one local miller said this morning
that he was in a position to know tina
no new business was available becaus
his mill on the sound was not gettinl
any of this reported outlet for sur
plus stocks of export flour.
Notwithstanding this, however, 9th
er local millers and grain interest
say that there is plenty of orienta
flour trade offering, the volume simp
ly being guaged by the ability of tn
mills to deliver before July /.