Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-01-04
Today's Supply Was Moderate
and the Demand Was Good
at Strong Prices
GOOD GRADES 20 CENTS UP
All Glasses of Buyers Bought Freely
and the Market Was Firm-Average
Quality Of offerings Poor = Hogs
were in Active Demand and Prices
Ruled Strong.

Chicago, Jan. 4.-The moderate sup
ply today resulted in better market,
demand from all classes of buyers be-
ing decidedly larger, and prices ruled
1O0D2O cents higher for desirable Of
ferings. Exporters are buying freely
while eastern shippers are taking fair
supplies. The average quality of Offer
ings is very poor. Stocker and feeder
trade somewhat better.
Quality of the arrivals yesterday was
not of a character that would stimu-
late outside buying. While a rev loads
of fair to good export and shipping
steers were taken by outside buyers
the local houses had to be relied upon
to clear the offerings.
The increased volume OF offerings
thus far this week has been uncalled
for, and, In fact, last weeks poor clos
ing market warranted only very mod
crate offerings here yesterday, but In
stead of the normal run which had
been anticipated tax day" In Iowa and
sundry other reasons, which to traders
appeared secondary in Importance to
the ina6visability OF crowdlng the mar
ket too heavily, has caused further
depression of the trade. and 1t would
seem that greatly smaller offerings are
now a necessity in order that values
be held somewhere within the range
current a week or two age.
Hogs.
There was good supply OF hogs TO-
day, but demand was active and prices
ruled stronger to shade higher. Bulk
Of sales $4.5O@4.67h.
Receipts of hogs tho fairly large
have been running below medium
weights. The quality was pretty good
but there was q scarcity of hogs av-
eraging $50 pounds or better and an
excessive proportion of 140 to 200
pound weights. The two days receipts
were $4,000, Mondays run being 49,
TAG. The run for the first two days
of the new year amounts to three
times as much as during the first two
days OF holiday week, but there is only
very slight increase over the cor
responding two days last year.
The market for strong, weight hogs
has been steady from the start, with
stronger values in some cases on good
weights. Light and underweight
mixed hogs are in fair demand, but
being comparatively plenty, buyers
have waited until they could get the
more desirable weights and as a con-
sequence trade on the underweights
and light weights has been generally
slow. as buyers were trying to break
them down.
Sheep.
There was a lively demand and prlc-
es were stronger, prime native lambs
being 1925 cents higher than yester-
day.
Packers resumed killing lambs yes
terday, but Mondays run of nearly 27,-
900 gave them plenty to work on, new
ertheless they quickly absorbed the
small fresh supply. Buyers acted as tho
anxious to depress prices, but afraid
of getting left. There was an evident
intention among them, however, to de-
press values of medium stuff on the
ground that in between grades are SELL
ing too close to tops. Am excessive
proportion of the supply, probably
one half was ON the short fed order
Indicating that feeders are running
away from high priced feed. preferring
to take profits in sigh to chances on
the future.
Lively eastern markets had a slim
ulating effect here, facilitating the
cleaning up process. Owing to Mon
days choppy trade, considerable diff
ference of opinion ais to actual cond1t-
ions existed, those who sold nigh yes
terday calling it merely a strong lamt
market, while others asserted that they
sold stuff 10@15c higher. Lambs were
generally moved on the basis of. clos
ing prices of last week Quality, how
ever. was very deficient and cut con-
siderable figure. 81,