Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-12-10
Too Many Common to Medium
Kinds Of Cattle Being Mar
keted, Prices Declining
HIGHER FIGURES FOR BEST
Average Decline of 10 to 25 For the
Week for Common kinds-Proes for
Hogs Wero Better Today, Sales
Mostly Cents Up-sheep Strong
Other Market News.

Chicago, Doc. 10. - Cattle - It IL
the same old story Of far too many
common to medium cattle arriving and
not enough choice lots, the natural re-
suit being higher prices for best and
lower for others. The average decline
for the week is about 16@25.
There has been a sharp decline in
the market for common and medium
cattle this week, due to several depres-
sing factors but chiefly to the fact that
supply was out of proportion to the
demand. For two successive weeks re-
ceipts have been around 10000. which
IL ali unusual supply for this time Of
the year. This Ia especially true when
the quality IL taken into consideration.
The markets In the east are flooded
with cheap meat and poultry and the
outlet for the medium grades Of cattle
Is at present seriously contracted. On
the other hand buyers have been asked
to take more than a normal number
aud naturally they have bought them
lower. There II only one way to re-
lleve the trade and that is by curtail-
Ing the supply Of this short-fed stuff.
The range Of prices now Is remarkably
broad because the prime cattle are
as scarce az the common are abund-
ant.
Hoes.
As has been the custom In recent
weeks packers are bidding somewhat
higher prices than were paid earlier in
the week and today's sales were large
q. r ~ az hno
selling extremely we'll.
Hog receipts not quite so heavy, but
the weeks run showed considerable
increase over both last week and q
year ago. The quality Of the hogs fair
ly good. The old crop Of hogs consists
mainly of fat sows. but there Is an
increasing proportion Of good, smooth
fat hogs, showing the effect Of the new
corn crop. Offerings Of underweight
mixed hogs very large and the indi-
cations are that the recent break In
prices is tending to make farmers let
go Of good many spring pigs that
should be kept and matured.
Thursdays receipts fell short of the
estimate, but there were $500 hogs
carried over nevertheless. The big
end Of the leftover stock was on the
pig mixed order altho the number
Included good many late arrivals.
also a fair share Of good hogs, which
dealers felt 1t would pay to hold over.
Shippers, spectators, city butchers
and small packers paid &c advance for
q good share of their hogs early this
morning, but the big packers held OF
for lower prices. However while act
ing very bearishly. they were buying
a good many hogs on the quiet. asking
sellers not to say who bought them.
During the middle Of the market after
shipping orders had been filled, prices
were little, II any, better than steady
Later on, however, there was fairly
active trade. and it was very evident
that packers wanted all of the hogs
they could get at the prices which are
figuring nice profit.
Sheep.
Only 5000 received here today. Pric-
es were strong with more orders than
could be filed. General demand during
the week has greatly exceeded the sup
ply both sheep and lambs being 25@
So higher than last week.