Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-03-16
CATTLE MARKET Dull
i
Some Recessionin Weeks Prices,
tho Decline Has Not Been 9
Very Sharp
HOG BUSINESS AGAIN BEARlsH
Light Hogs Found the Best Sale, Tho
Even They Were Lower, Downward
Trend Having Continued Today -
Sheep NORMALLY Steady, While
LAMPS Have Made Good Gains.
HOG BUSINESS AGAIN REARlsH

Chicago, March 16.+-Cattle were
nominally steady, but the usual Sat
urday dullness prevailed Receipts
for the week have been heavier than
last week and for this reason there
has been some recessions in prices,
tho the drop has not been very sharp.
In fact the best sorts of steers are
about steady, while the lower grades
are 10@15 below the levels of a week
ago.
This weeks receipts of cattle proved
too heavy for the demand, and the
logical result was slump. All things
considered, however, prices held up
remarkably well. for the supply which
for the week will reach close to 64,-
coo head, was about 5000 larger than
last week and a year ago. The great
est trouble with the market during the
week was the uneven distributions
More than the weeks supply arrived
on Monday, and naturally the market
fiattened out on that day. Since then,
however, until Friday the demand was
pretty good and some of Mondays
with week ago, the general market
does not show more than 10 cents re-
duction.
For two or three weeks receipts
have been light, and consequently
buyers could use more than normal
supply this week, and that accounted
for the way the market held up I'M
der the circumstances, but dealers say
it would be risky to repeat the expert
ment next week, and about all of the
advices sent out since the middle of
the week have been of a character
calculated to check receipts East
ern buyers have reported pretty good
demand for beef In the coast cities
and the demand on that account has
been heavy all week. Shippers did not
find any more choice cattle i'm the
weeks receipts than they needed, and
prices for that kind are about as high
as a week ago. The proportion of the
short fed cattle was large, however
showing that there is still haste dis
played in getting the light cattle to
market.
Strictly good strong weight feeders,
however, have held well. and several
lots made $500 in late days, tho COM
petition between packers and feeder
buyers has been less active than last
week and slaughterers got larger
proportion of offerings above $3.50.
Buyers have been loath to pay above
$4.75 in the past few days Most me-
dunn feeders have gone at $4.15@4.50,
while common light kind sold at
1915 Poor thin stockers ranged down
to 1925 and lower.
Hogs.
There was no interruption to the
downward trend of prices. demand be-
ing tame, and buyers again bearish.
There We're few. shipping orders, par
ticularly for light hogs, and this class
found the best sale, tho even they were
lower. Big packers We're not disposed
to pay over $3.50 for their mixed lots.
The bulk of hogs look a quarter lower
than last Saturday. Packers side-step
mixed packing as they are not in the
humor to put product away in cellars
at these prices. 1t has simply been a
case of too many hogs at the money
they are costing. March receipts to
date are about 1000 heavier than a
year ago, when prices were 60@75c
lower. The provision deal is doing no
good and was off again, the slump in
Wall street having had a tendency to
repress all speculation. But for a, good
shipping demand this week it is hard
to tell what would have happened.
Sheep.
Sheep trading was slow and offerings
were very light. Prices were nomin-
ally steady. Receipts for the week
have been very liberal, and demand has
been remarkably strong, considering
the fact that the run was so heavy.
Lambs gained 25@35 for the week and
sheep were 1925 higher, depending on
the quality Of the offerings.
Under moderate runs traders take an
optimistic view of the market early
next week, but packers are going to
fight hard against lambs going above
IS, and they will lower the price range
sharply if given an opportunity. Sc
lit is solely up to the country as to this
trend of prices during the next few
weeks.