East Oregonian : E.O. (Pendleton, OR) 1888-current, 1911-01-28
HOGS TAKE DROP
OF Fifteen CENTS
NO CHANGE NOTICEABLE
IN CATTLE MARKET
Mutton Is Extremely Dull-Offcrings
Not of Best Quality-Wheat Ex-
porters Withdraw Bids.
(Friday's Journal.)

Market for hogs at North Portland
is down fully 10 to 15c per 100 pounds
today. Even the very best light stuff
would not sell above $S.65. 1t is the
light hogs that are making the mar
ket at this time and while none of
these have been offered during the
last few days, sales of heavier stuff
would give clear view Of what light
er swine would be worth. During the
last "a hours, the very best offerings
of heavy hogs did not bring above
$3.50 in the yards and some that were
heavier sold for less than this fig
ure.
While there were no arrivals of cat
tie in the North Portland pens this
morning, the absence of supplies did
not cause the slightest change in the
situation or price that could be OBJ
tanned. Packers wants of cattle are
quite we'll supplied, temporarily at
least; the late heavy run giving kill
ers all they needed for immediate re-
quirements. 1t is therefore to the best
interests of both buyer and seller for
cattle shipments for the immediate
future. Leading interests are of the
opinion that a half supply of cattle
during the next 10 days will give the
market all that it needs and If this
is carried out it will result in better
market later on. Otherwise only low
er figures can be possible. AS 1t stands
today the cattle market is steady.
Extreme dullness continues in the
sheep market, Six loads arrived in
the yards overnight and all came
from Idaho. Recent arrivals of sheep
have been extremely heavy and there
fore packers have been able to
purchase their full needs at less prices
than formerly, although this market
continues to show better tone for
sheep than any other in the country;
nearness of visible supplies consid-
cred.
While good sheep would find a de-
mand at the recently lowered values,
II is extremely difficult to dispose OF
poor stuff at any price. Most of the
late arrivals come under the latter
class, therefore there is an accumula-
ton Of feeder stuff almost every day.
This naturally has an effect upon pri-
ces that buyers are willing to offer.
Butter Going Down.
Present indications point to low
er price on city make of creamery
butter within the next few days.
While some makers report that their
supplies are at present showing no
surplus, the sales are harder to make
and others assert that they are at
present unable TO sell promptly their
holdings. Therefore, the general pre-
sumption is that the price of butter
will show a decline, possibly on Mon
day morning.
1t is not the city creamery product
that is causing the trouble in the but
ter market at this time, but the press
of outside supplies. While ii is still
possible, in a way, to MAINTAIN the
price of the better known brands of
oregon butter-but made outside OF
Portland-still lesser known goods is
accommodating. although so far as
quality Is concerned II compares with
the best. This is always the first sign
of trouble in the butter market. When
outside stuff becomes so heavy that
receivers are unable to dispose Of II
promptly at a maintained price, the
value is cut and this has direct In
fluence upon leading the better known
brands to a lower price.