Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-11-19
Buying Today Was Brisk at
Firm Prices, Yesterdays
Advance Maintained
HOG RECEIPTS WERE LARGE
Buying Was Active and Prices Strong
at Generally Shade Better Figures
Demand for Sheep is Improving Dur
Ing the Last Two Days-Livestock
News.

Chicago, Nov. -Cattle-Buying
was brisk today at firm prices. Yes
terdays advance of 10@15 cents was
well maintained.
Sheep-Demand has improved dur
ing the last two days and there has
been pronounced reaction from Mon
days decline. Today there was an act
i've general demand at stronger prices.
Hogs-There was a good supply on
hand and buying was active. prices be-
ing strong and largely a shade higher.
Another low mark was reached in
hog prices yesterday, the average price
being close to $3.50. IT has been
nearly four years since hogs have sold
lower than yesterday, but with receipts
for the present week the largest since
last February, buyers are still conf
IDENTIFY figuring on $500 hogs in the
near future, Notwithstanding the fact
that present quotations are about 1928
lower than the high period last March.
Prevailing prices are away below the
average OF recent years for this period.
yet in November, 1898. fancy heavy
only reached 1895; in November, 1897.
$3.50 was the top. and in the CORES
ponding month of 1896 best heavy
weights only reached 1856. In Mo-
yember. 1873, best heavy sold at $3.50.
If packing interests intend to put
the hog market on a four-cent basis
as they have threatened. 1t Is UP to
them to get busy" said one of the tai
ent yesterday. For one, do not be-
lieve they can do it,
The remark was suggested by the
rapid swelling of the marketward
movement this week. Chicago having
received 11l.s00 head for the half week.
and 10s,s55 a year ago.
Board of Trade provision sharps, who
for two weeks past have contended
that light hog receipts portended a
small seasons supply, will now have
an opportunity to revise their prog
nostications and admit that the back
wardness of the spring crop was a
factor that did not enter into their call
culations.
Every day so far this week, hog re-
ceipts have exceeded the estimates of
the Board OF Trade experts by 10000 TO
$4,000. The movement has assumed a
volume large enough to surprise even
the talent at the yards. and the con-
viction Is now well confirmed that the
spring pig crop will continue moving
toward the shambles at a rapid gait
right along. It may be too soon to as
sumo that rush Is In sight, but the
higher range of prices is not likely and
is anxious to cash in as fast as the
stock natures sufficiently.
1t now remains to be seen whether
packers will get the cheaper hogs they
have been looking for and the pit
shorts the cheaper product. In the
opinion OF many astute traders In
creased receipts have already been dis
counted by the long decline in prices.
Said provision man: Early in the
week the packers were hungry for hogs
an urgent demand for fresh
meat because their announced policy
has been not to fill their cellars this
year unless they got the live stuff at
around cents. The decline in lard
and fresh pork prices recently has I'M
increased consumption. Ship |
ping demand is much better than 4
year ago. and II looks as tho larger re-
ceipts will be needed to put the hog
market on accent basis. Packers
are credited with selling provisions
which would mean that they are con-
hdent of cheaper hogs, but these re-
ports are open to the suspicion OF hav-
ing been put in circulation to induce
the public to sell. There can be no
doubt. however that very little product |
has been cellared lately"
Stockyard Notes.
&ex: a nd Tor haaS cont i4aliaS |