Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-11-23
Good Beef Cattle Made Sub.
stantial Gains Some Grades
Being Is Higher
MEDIUM GRADES WERE STRONG
There Was an Ureont Demand for
Hogs From Shippers and Prices
We're Pushed Up to 10 Cents and
Closes Strong at the s Advance -
Shoep Unchanged.

Chicago, Nov. 23. - Cattlc--Good
beef cattle made substantial gains to-
day under light receipts, better aver
age quality and active demand. Tho
advances ranged 10015. In many In
stances 25, or even more. Everything
OF good quality was quickly absorbed.
Medium grades and butcher stock.
while not exhibiting much strength,
sold generally steady. There was u
strong demand for good cattle both
from shippers and exporters.
Most OF the hold-over stock from
Monday was not shown yesterday,
owners preferring to hold for today,
tho the volume OF fresh offerings was
fully sufficient to fill orders. A few
buyers were after fair class of ex-
port steers and bought these at fully
steady prices compared with yester-
day, tho there was nothing In the
trade to encourage statesmen to expect
much better range OF prices.
The great bulk Of fresh offerings yes
terday consisted of common and light
steers and many OF these, tho sent IN
for slaughter, had to sell to feeder
buyers, the local houses having no use
for this class, last weeks hold-over
stock and liberal purchases of yester-
day filing their orders for such grades.
Hogs.
Hogs were strong. Demand from
shippers was urgent and there was
substantial activity among spectators.
The average gain was &c, tho there were
instances where an advance of loo
were paid The market turned
slightly easier after shipping orders
had been filed, but remained fully &c
higher.
Present prices for hogs are now av-
eraging the lowest Of the year and
with receipts on the increase and the
quality steadily on the mend 1t looks
as IL the prophets Of lower prices
might turn out to be the wise ones.
Less than six weeks ago hogs were
selling up to $6.37h. Present prices
show tremendous drop from that fig
ure, without as large an increase in
with hogs very much below the weight
and quality Of good years ut this sea-
SON.
1t looks as IL packers had been able
to break prices worse and with less
trouble than they had expected, and
since they have made such good pro-
gress 1t does not seem unreasonable
to calculate that larger receipts and
better quality will put values on still
lower level before there Is any mater
lal upturn.
Hog meat was never made so quick
ly as 1t has been put on the past two
months and while corn has been at
high value, every bushel of 1T has gone
to put on flesh and not merely ito keep
up animal heat, as Is often the case
at this season of the year. t
Sheep.
Sheep were irregular. At the out
set the market was weak, almost Inn
possible to obtain yesterdays low
price. Later there was a reaction and
buyers bought freely. Prices closed
steady at about yesterdays final fig
ures. The change in sentiment was,
due to small receipts.
While choice, well-fattened yearl-
ings are still worth around a nickel,
buyers are hammering half-fat stuff
from feed lots. paying $4.5O@4.6O for
the kind that brought around SIS or
slightly less on the recent high spot.
Feeders are making the mistake or
their lives in dumping unfinished west
ern yearlings on the market at this
juncture.