Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-02-11
.CATlE TRADE S|0N
With Large Number Carried
Over and Fairly Heavy Re-
ceipts Prices Were Weak
HOG RECEIPTS ARE INCREASING
HOG RECEIPTS ARE INCREASING
There Was an oversuppIy Today, But
There Was Good Local and Ship
ping Demand and Prices Were a
Trifle Hisher-sheep Steady.

Chicago. Feb. 11.-With large mum
Der of cattle carried over last night ant
fresh receipts of 1900 trade was
slower than ever, prices ruling veal,
| to shade lower.
Lack of confidence in the future Is
causing many cattle feeders to let sc
prematurely. They are not incined Il
ltake chances with later conditions
when corn is selling around the 1o-cent
notch. This is financial question
which every man has to answer 70.
himself. and the experience of the past
year has made many feeders very TIM
id. II is not always easy to guess the
future, and cattle feeding is indeed
considerable of a guess. StimulatNl by
the high prices of 1902 the feed,ng
business was overdone in 1903. Heavy
marketing last fall and this winter has
greatly reduced the number of cattle
in the feed lots, and some of the most
conservative stockmen declare there
viii again be a shortage of good tat
cattle later in the year.
Hogs.
Receipts are Increasing and today
there was an over supply. but good To-
cal and shipping demand maintained
Wednesdays prices, some lots being .
cents higher.
a small expansion occurred in the
run of hogs yesterday. Packers dis
couraged by light receipts earlier In
the week We're not figuring on more
than 10000. but the supply for the ex-
pired portion of the week Is far below
Packingtown expectation and require
ment. while a lively shipping demand
is not calculated to reassure the ioca.
slaughterer who is abnormally anx-
ious to fill cellars with product. This
eastern demand Is not limited to syn
dictate houses, and indicates that the
eastern farm crop has already been
marketed.
Meanwhile provisions continue to
soar. With war an actually and with
Its expected stimulus to cash demand.
in view there was a buying rush
in pork Tuesday which forced an adj
vance of over a dollar 4 barrel IN Il few
minutes. one not often eoualed In cx-
tent. With buying of the volume nee
essary to cause such bulge as &C.
Cured, q by no means conan III feature
of the trade was the amount of .nvest-
ment buying which foilowei :he price
even to the top There We're large buy
Ing orders IN the hands of several
houses, said to have their source IN
London and Liverpool. This md other
buying was presumably on the opening
of hostilities between Russia and Ja-
pan, combined with the hog situation
Last week the average weight was
only 200 pounds. the lightest IN over
two years. and the quality IL sad TO be
poor. The popular theory Is that little
mess pork can be .nI1a out OF such
hogs as are arriving at the packing
centers. There was the added iniiu-
ence OF considerable shcrt interest,
sellers having grown bod because of
the relative dullness of pork, while
lard was active and advancing. II IS
known in the pit that a good many
sales of pork recently We're made To
hedge purchases of lard. An idea Of the
magnitude of the trade may lie had
from the fact that two private Wire
houses bought 10000 barrels between
them, and the days business was vari-
ously estimated at from $4,000 10 3d..
900 barrels. An order 10 buy 10000
barrels of pork started the buying
stampede, and other orders followed
thick and fast.
Sheep.
There was an active general demand
once more at steady prices. Supplies
are extremely large.