Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-08
CATTLE MARKET SLOW
Buyers Showed Indifference in
the Selection Of Less Choice
Offerings
HOG MARKET >wAss WEAK
G MARKET >wAss WEAK
Receipts Were Largely Heavy Packing
Stuff, and tho Weakness in That
Glass Was Very Pronounced Today
Decline often Was Expected-Best
Sort of Lambs in Demand.

Chicago, Oct S.-Cattle-The mar,
ket opened slow, with fair early de-
mand for the best sorts of native
steers, feeling of Indifference beins
exhibited by buyers when it came t.
the selection of less choice grades.
There were about 1000 less natives
last week than the previous week, ana
this reduction was responsible for d
much better market. Buyers wanted
normal supply, and some buyers die
not find as many as they needed. This
leaves the trade in a much better snaps
than a week ago and the prospects
ahead are more encouraging. Choice
steers sold at 81 and now that the ice
is broken, possibly still higher values
will obtain, for extra choice cattle are
relatively scarce and in demand.
From the sellers standpoint condf-
lions in the cattle market this week
were more satisfactory. Receipts show
a decrease OF about 1900 head. COM
pared with last week and 5000, Com
pared with year ago. This decrease
afforded much needed relief to the
trade and resulted in more life and
activity. Jewish holidays in the east
again initiated against the shipping
demand and cut down to smaller
proportions than the normal. There
was practically no demand for the
kosher meat. However, under the cir
cumstances, the shipping inquiry was
plenty strong enough to impart' a good
tone to the market for the class Of cat
tie wanted in that department. Good.
fat, we'll finished steers We're in strong
demand all week, and on account of
the decreased supply sellers were able
to sell the most of them at about 800
25c advance over last week.
Hogs.
Hogs were weak and while the few
sales made early We're on a basis Of
&c lower. the complete Indifference of
buyers led to the belief that prices
would decline at least 10c before the
close. The fact that receipts We're
largely heavy packing stuff, made the
weakness in that class very pronounce
ed, packers holding out for full 10c
decline.
Buyers claim that prices are entirely
too high to suit the condition of the
provision market. The winter packing
season is practically on, and instead of
the market going lower, as buyers
hoped to make it, there has been a
good strong upward trend for the past
week, and naturally packers are dis
appointed. They have openly predict
ed that they, would reduce the market
before this date, but the continuation
l;rl, ;ptr III
and there are no immediate indica tons
that the market is going lower soon.
The new crop of hogs will be due soon,
but to offset this is the fact that more
hogs will be wanted to put up the win
ter product. Buyers like to get del
uge in November in order that they
can be more independent the balance Of
the season, but it looks like they would
be disappointed this time if one can de-
pend on the consensus of opinion
among traders.
Country traders seem to have the
situation we'll in hand and realize that
if they feed the market conservatively
that they will continue to secure good
prices. There is no disposition to
crowd the market, even when the
prices advance. Hog growers should
be well pleased with the results they
are getting now, for comparing prices
with many other years they stand de-
cidedly higher. The market is just
dollar higher than year ago at this
time. Ten years ago this month the
top for heavy was $3.50, while the best
light made $685..
Sheep.
In spite of run of $4,000 the initial
trade was on steady basis. The best
sorts Of lambs were in demand and an
early sale Of prime range stuff touched
$3.50.
Feeders are animated by a desire to
lay in stuff at the lowest point of the
season and are aiming to strike it. A
month ago 1t was impossible for feed
ers to get what they wanted, but now
with the market nearly dol1ar-a-
hundred lower they are reluctant.
A year ago the best western lambs
were selling at $40. Good to prime
western butchers were worth $4.7O@5.
the bulk of Montanas selling at $3.50
@4.S0. Choice Idaho and Wyoming
ewes brought s4.6O@475, and good
mouthed ewes for breeding purposes
sold at $4.25@5.