Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-11-23
CATTLE ABOUT STEADY
Market, Attic Closing Weak,
Has Better Tone Than Last
Week
HOGS is TO 20 LOWER TO-DAY
Prices in That Market Approached
Dangerously Near the 50 Mark for
Packing Hoss-Steady Tone in Mar
ket for Sheep and Lambs-Some i'm
provement Over Last Week.

Chicago Nov. 23.-Cattle We're NOM
inally steady. on receipts OF only a
few hundred head. The market closes
weak. but with better tone than
was shown last week.
Receipts for the week will run out
about $1,000. against $4,000 last week
and 10000 a year ago. Range cattle
are getting Scarcer, and consequently
there is better demand for the light
and medium natives. Exporters have
bought with more freedom this week.
tho there has not been much change
in the foreign situation. The decline
at this end, however, has made the
margin little wider than it was.
Next week there will be demand for
prime Christmas steers for the Lon
don holiday trade, and it is expected
that some very prime cattle will come
forward.
Hogs.
Prices were 15m20c lower, and prices
for packing hogs approached periious-
ly near the "a mark.
Not in many years has the hog mar
ket been subjected to such a severe
decline as during the past six weeks.
On Oct. II choice hogs sold at 81.
Since then more than 81 per hundred
has been chopped off, and traders are
beginning to wonder when the bottom
will be touched. Apparently there has
been no logical reason for this sudden
fall In hog prices, other than that pack
ers concluded that values We're too
high, and they determined to bring
them down. The outlet for pork is
practically as good as ever. Attic the
money stringency has hurt many lines
of business and probably handicapped
the packers some nobody believes that
they were justified in hammering the
market as they have. Outlet for pork
products on foreign account has been
close up to the usual average, and IN
quiry on local account fails to show
that as yet there has been any ma
terial decrease in consumption on &C
count Of tight money. 1t seems that
packers have pounded the market pure
ly on anticipation, and optimists are of
the opinion that prices will recover
much of the loss as soon as complete
is restored. Hog prices now
are the lowest since January, 1905, and
far below the general average of last
year and this year. There is too great
a disparity between the price Of corn
and the price of hogs at the present
time, and naturally they will have to
get closer together soon.
Sheep.
Sheep and lambs were steady Con-
ditions show some improvement over
last week.
Supply has been considerably less
than last week, which has been "a
further evidence of recuperative en-
ergy will be Forthcoming. But the
market is in no shape to absorb lot
of habitat stuff that has been merely
run thru cornfields, and there is every
reason to believe that feeding 1t out
will return good results. The east has
been receiving a lot of native stuff
this week, but considerable shipping
demand has been apparent here, while
several local concerns that were badly
by. the money stringency
are getting into action again. The
western movement is about over. A
little stuff is still in sight, one train
of Idaho feeding lambs being on the
way fer next weeks market. Feeder
demand has loosened up somewhat
this week A Connecticut man paid
s6.l5 for thin western lambs, and that
phase of trade shows to much better
advantage than a week ago. The
trade is advising the holding back of
everything but finished stock. Many
of the sheep and lambs now coming
need 80 days more feed, and with
feed lots as bare as they are, sending
them in without fat is merely wasting
raw material.