Phoenix weekly herald., 1898-01-13
LIVE STOCK REVIEW.
Evidence of Better Feeling In the Liv
Stock Market

Evidence of Better Feeling In the Live
Stock Market.
The ''Drovers Journal says of last
weeks business:
Comparatively few cattle were mar
keted, the supply falling 5000 short OF
corresponding week last year although
1 800 larger than the small run for the
week between the holidays. Very few
mature and no good cattle We're on
sale and it seems strange to see Sc
many half fat steers being shipped
when they have to sell at Indifferent
prices while really good beeves are
bringing good prices and paying Il pro
fit to owners. The hogs were good il
quality but run largely to heavy
weights. Some very good sheep were
marketed as We're also plenty of com
mon grades and feeders
For the first time since the middle OF
December the dressed beef trade has
showed an appetite for cattle, still. al
though the market has gained ground
they are very much like the GONZALES
cent and anything like Il surplus would
prove disastrous TO the shipper Even
with prices a full quarter above two
weeks ago plenty of the short fed and
half fat cattle are money losers and
should be finished before marketing
and this fact cannot be too strongly
urged upon the feeder and farmer nor
can he heed it too closely in the opin-
ion of most conservative men liz the
trade. The week closes with all the
advance held and some indications that
there will be further Improvement in
the demand whether. values go any
higher or not.
Activity and firmness for good cows
IL heiferS for butchers use and more
inquiry for feeding grades were prom
inent features of this branch of the
trade. These conditions insured good
and quick daily clearances and the
strength developed was all retained on
the closing market. Bulls and other
rough stock We're in good request with
prices shading upwards and veals sold
readily at good stiff figures.
Only Il small amount of business
was done in stockers and feeders for
the simple reason that the supply was
very limited. The demand has de
velOped rapidly, however. and as it in
creased prices advanced until desir-
able cattle are selling high. While
good many feeders refuse to pay these
figures there are more than enough to
take all of the present receipts who
will, and without an increase in sup
plies, there is not much chance of ma
t.
while the largest inquiry is still for
light stockers and warnings, Il good
many warmed up medium to heavy
weight steers, shipped i'll as beef, are
being purchased for the feed lot at
higher prices than killers will offer.
In the hog market the week 5 high
est prices We're paid ON Monday, since
which time there has been Il gradual
decline caused by heavy runs at all
points. but the whole week averaged
higher than the proceeding week
while receipts increased locally about
$4,000 head and at the four western
markets combined. over $1,000 for the
four days. from Monday to Thursday.
The Nebraska and Iowa farmer can
not be induced, with the current mar
row spread in prices. TO market light
hogs 50 that local receipts are the
heaviest in weight in the history of the
yards and from 40 to 40 pounds heav-
ier than at Chicago. st. Louis or Kan
sas City. The range this week has
been narrower than since before No
vember first but light and butcher
nUgs sill COM ii:iIId the best figures.
Closing sales ranged S3.25Cd3.5211a with
practically no hogs above 300 pounds
selling above $40 while the long
string of packers sold at $3.50.
Sheep. although freely marketed, |
in price scoring Il 100I
1Jc advance for the week. The mar
zet was very active for desirable NUT |
tons, both sheep and lambs, and there !
was also a good deal of inquiry for I
feeding grades, of which about third
If the offerings consisted.