The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1874-06-04
The Chicago Lire Stock Reporter of May til,

The Chicago Lire Stock Reporter of May I'll,
10th SAYS
During the closing days of last week there
was steady and quite healthy improvement
in the demand for cattle. so that the supply
was fairly cleared out at fully the preceding
weeks prices. Our analysis of the recorded
sales of the week numbering 1851 head. gives
an average for last week of s. 80 per 100 lbs
against 1874 the previous week. Truly re
markable showing. and one that fully estab-
fishes the comparatively steady character ca
the prices OF cattle in this market at the preseu,
time.
The fresh receipts Of cattle yesterday wer,
heavy. though some two hundred head lighter
than on the previous Monday, but there was
very marked improvement an the general
character ofthe demand We have never seen
cattle being driven TO the scales faster since
the exciting times experienced in this market
during the war. than they were yesterday
morning. SO much so that by noon the entire
supply had changed hands. Prices too were
firm. and on fat pony steers, which have the
decided preference TO heavier weights. a shade
higher than last week We were able to anti
cipate some reaction in our Fridays circular.
though if we had supposed the supply would
exceed five thousand head. we should have
feared that all apparent improvement would
have been lost.
This increased activity in the market shoul Id
be carefully considered by Western shipper
or they will probably fall into their accustomed
error of doubling the supply, and so efectuay
cXtnguishing all the good accomplished. We
have at present stronger competition among
buyers than we ever remember 10 have seen
excepting. perhaps, those times previously re-
ferred to. when contracts for army cattle were
in the field. Now. however, il is more like
C0m''gafpan against Tooth street, or New York
agains, Philade lphia. and just so long as rail-
roads are interested in these lively compct-
La Al
their extreme value. Hence. We strongly re-
commend western shippers and feeders not
unnecessarily to hurry cattle to the market.
Keep them until they are ready. In a very
little time there will be good pasturage hence.
no necessity OF swelling receipts here TO the
absolute damage of the market now and here
afer. We note with satisfaction that the pre-
sent average supply now is much smaller than
II was thu, time last year. Then il averaged
1899 head. Tor the past four weeks, againsi
l. ~. now; but the con>umpiive demand has
fallen of fully TO this extent, if not, we be-
lieye, still more.
VIM. Dryden writs us from Sewelrs Rancil
the following:
PoND CREEK. l. T.. Nav 18th, 1874.
The following numbers of cattle were regis
tered: For western territories. 1892 head
for Ellsworth. 1870 head for Wichita g.. 66a
head, Then on Thursday. the asth inst. Mr..
Montgomery reports $500 head. giving on that
day total FOR Wichita of $3.50 head. The
drive for the present season will end about the
18th or Goth OF the present month. We have
evidence of this from various sources, and il
is also evident that the drive will not exceed
10000 head. We hope Texans themselves
viii reap the full benefit of this encouraging
state OF the market aud handle well their sum
mer prospects.