Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-03-29
Trade on Chicago Market Light,
Prices Closing 20 to 80 Cents
Higher Than Week Ago
HOGS UPON LIGHT RECEIPTS
Show Advance of Fully 10 cents-Re-
newed Inquiry From All Glasses of
Buyers-sheep Advance and Sell at
Highest Prices of the Year-ouota-
tions at Various Points.

Chicago. March Cattle-Ther,
was but little stuff of quality on tn,
market but the tone was steady. Trad,
was very quiet, but there was a gooc
export demand. Prices closed 20m30
higher than a week ago.
Higher prices have been brough,
about solely by light receipts, which
have totaled 44,S0O thus far. agains
a9,743 week ago. and the run mus
necessarily be held down in first DAYS
next week If Il reaction in values is tc
be hverted. Another week of small
marketing should afford a clearing oil
heavily loaded coolers and then per.
maps trade may once more assume a
normaFs state and thus be able to with
stand normally liberal supplies.
conditions in consumptive quarters
nave been very unfavorable for the
past two weeks and restricted buying
operations were imperative. The bie
cut IN marketing this week has thus
oeen in order. but there is nothing in
olcatlve of probable greatly increased
demands next week and cautious mar
keting is still required.
The slump in heavy demand for
heavy steers late last week and again
In first days this week, has now been
recovered and buyers are showing good
favor toward strong weights.
Hogs.
me hog demand was active. ane
values We're fully 10c higher chief,
because of light receipts and renewed
inquiry from all classes of buyers
Inc reaction to better prices is the
logical result of sharp contraction ir
supply Following severe punishment ad.
ministered te, country shippers fo,
three weeks past. The big break con.
.iiiuea uninterrupted for more thar
Two weeks and carried the common
price from 81 to $500. What the
result of this reaction will be is ,
matter for speculation. Obviously th.
heaVy movement of mature hogs mus
break off somewhere, as the countr,
cannot continue its stunt of March i,
the shipping line indefinitely. 1t i
hlghly probable that the ayera p,
weight will show decline this week
as less stuff weighing $50 lbs and u,
mas been detected in the run. Ions
hogs in the hands of country specula
tors have not all been liquidated. how.
ever, as commission men are in re-
celpt of many anxious inquiries from
Shippers who are still loaded to tn,
guards inquiring as to the best policy
to pursue. This advance will doubt.
less start another run for next weel
If the country has the hogs as OWNS
to rising temperatures. liquidation O
hogs that have acquired weight is he.
coming imperative. Packers are look.
ing for liberal runs the early part O.
next week, and promise, in that case
to take off something.
Sheep.
Sheep were strong to 1Oc higher
Selling was at best prices for the year
At present prices the market is yer,
sensitive and arrival OF few NOR,
than buyers actually have to have pre-
cipitates sharp slump. Visible sup
ply is light enough to justify conserv
alive marketing. 1t is evident tina
fed sheep have been we'll Hquidated
and the bargain counter. which fairl,
groaned under the weight of it's bur
den all winter has been knocked
down and put away in storage.
Eastern demand for lambs has bee,
the bullish influence this week. Som,
orders for 75-lb shorn lambs have no
been filled. With eastern orders out
it would have been different kin(
Of market
Exporters are doing little. The,
took some shorn wethers at s5.s5. A
year ago this outlet was wide open
exporters paving $3.50 for heavy shorr
lambs and $3.50 for shorn sheep A
that time sheep and lambs were SELL
ing at practically the same prices
sheep being worth about as much as
now, while lambs were much lower
The best wool lambs then sold a
$685., and good clipped lambs a
$3.50
Shearers have gone the limit this
week, paying S7.75 for lambs to take
out. A year ago $3.50 bought the
same kind and present prices look like
a certain route to incinera ting money
Most of these high-priced shearing
lambs have been taken out. however
more with the object of converting
feed into manure than making money
but the high price of wool is an in
ducement to speculate.