Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-08-20
Receipts Today Were Only 600,
But There Were Enough to
Satisfy the Demand
DECREASE IN THE RECEIPTS
Early Demand for Hogs Active at
Stronger Prices Poorer Grades
Somewhat Lower Owing to Rise
in Price Packers arc Looking fo-
Big Receipts Next Monday. ;. ).

ChlcaSo Aug. 2O.-Cattle - There
were enough to meet the demand, al
though but 900 arrived today, and the
prices were about steady, as recently
quoted. The receipts were about g.
900 against $500 last week.
A good clearance of all cattle has
been erected this week and present
prices are quite satisfactory to owners.
tho the advance scored this week may
result in deluse OF cattle here on
Monday next, and traders are fearful
lest big run will cause setback from
the present scale of values. There is a
broader demand from the east and 4,
fairly liberal run will probably find sale
at the start next week, tho excessive
offerings cannot possibly be handled
without break in prices. and dealers
are warning against very heavy ship
ping operations. Range cattle will like
ly be i'll liberal supply and these viii
surely have a tendency to weaken pric-
es for common natives, should a heavy
run of the latter class be landed here.
Local packers have claimed that their
buying this week has been all that the
demand called for, and with the run
distributed more evenly on the big days
the market has had good tone, tho any
glut or offerings here on Monday Will
undoubtedly force q decline and with
prices once on the downhilf a checking
Of the slide is hard to accomplish. Most
traders anticipate a run of close to
10000 to $4,000 for Monday. and be-
lieve that number to be sufficient to
fill the buyers demands on that day.
Hogs.
Early demand was active at strong
er prices, but Improvement was wholly
in choice fat shipping grades. which
We're about higher. Packers did not
start in to buy until late and they filed
their orders about 5 lower than yester-
day. The weeks receipts We're 81
600 against 127,100 last week.
Packers have suddenly discovered.
that they are in need of heavy stuff,
which from the inception of the strike.
up to yesterday has been a drug. Sup
ply was well cleared up at the narrow
est range of prices recently. number
of orders not being filled.
The advance in hog values during the
three days is attributed to several rea-
sons. One is light receipts this week.
Estimating today's supply at 5000,
the weeks run will round out about
$4,000 against $4,000 last week and
5000 during the corresponding week
of 1903. This contraction of the mar
ketward movement Is the result of
shippers from operating with reason-
able expectation of profits.
Another reason for the advance is
a buying incentive furnished packers
by active trading in January provision
options
January provisions have been dealt
in on the basis of $5.o5 hogs causing
slaughterers to discover very suddenly
that they wanted the goods which have
heen let alone so severely since the in
ception of the strike. Thursday and
Friday they sold like proverbial hot
cakes.
Packers are palpably disappointed in
the run this week. but are unanimously
of the opinion that this appreciation
will cause activity in shipping circles.
and start big rnn for next week.
Sheep.
prices were nominal at recent quota
tons. The weeks receipts were $4,000
against 10000 last week.
Fred n. Curtis, one of the largest
farmers and feeders of Hillsdale coun>
~, Mich, took out three doubles or
choice Idaho feeding lambs averaging
60 to GA pounds at cost of $3.50. Mr.
Curtis says that. while crops of corn
and hay will fall below the good yiel:
of last year. there VIII be big bus
ness done in feeding lambs again this
wear. as the farmers Of Michigan whe
Cor wears cropped their land continu-
ously with wheat. have found this plan
of feeding lambs the best offered them
10 restore the exhausted fertility OF
the land. He says while feeding wiz
fall below the big volume OF
last year it will easily come up to sec
ond place in the history of lamb feed
ing in his state.