Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-05-11
Market Closes About Steady
len to Fifteen Higher Than
Week Ago
ADVANCE IN HOGS IS LOST
Buying BY Outsiders and seaIpers
Caused Better Tone at the Open
ing, But the Close Was Lower =
Measre Run Of Sheep and Lambs,
With Steady Prices.

Chicago, May 11.--Cattle closed
nominally steady. There has been a
good market for the bulk OF steers all
week, and prices closed 10@15c higher
than week ago.y The reaction which
enabled sellers to recover part OF
their recent losses, is attributed to
lighter receipts.
Five days marketing of $500 this
week stands against 1924 a week ago,
and 1902 two weeks ago. while con-
pairing with 57,34S year ago. Smaller
arrivals, well distributed as they have
been, have put the trade in considerably
better shape than last week and the
week previous. An advance of largely
15c is now noted for good weight fat
steers over last weeks prices, and me-
dunn to good classes show mostly lOc
gain, but plain TO fair light killers have
not been much changed, demand for
these being small in consequence Of
packers holding a surplus Of such beef
in their coolers.
Activity in trading has been keener
almost each day than on corresponding
days last week and the general situa-
'tion has healthier complexion all
around Better growth to pastures has
held down marketing of light poor
feshed grades and quality of most ar
rivals has been a little better than last
week, which was duly appreciated by
slaughterers.
mand has been noted in all quarters. and
the smaller runs In the past two weeks
have given packers opportunity to turn
down their surplus Of beef in coolers,
while outlook for the Immediate future
is now taking on brightness which
was not noted ten days ago. Shippers
and exporters have been good buyers
this week, the outward movement be-
ing close to $4,000, which has been
nearly UP to last weeks volume, in face
of the decrease of $500 in arrivals. and
most of this decreased buying has thus
been noted iii local quarters.
Hogs.
Hogs opened about &c higher on buy
ing by outsiders and scalpers, but when
their wants we're satisfied, the advance
was lost. Fuckers in most cases were
able to secure their quota of stuff at
VI ISOS VI Tic previous SOSolObs ICltldilu
for light hos;s was best, and for this
class even killers paid slightly higher
price, but in the market for heavy and
mixed stuff, packers had a free field
and refused 70 do better than bid on
the old levels The close was lower.
Before the heavy March run was
inaugurated the five principal western
markets exhibited deficiency of over
100000 hogs since January l, COM
pared with the same period Of 1906
This has since been all wiped out;
in fact these points-Chicago. Kansas
City, Omaha, St. Louis and st. Jo-
seph-now show, in the aggregate, a
small increase over the same period
of last year. Chicago's increase to
date over the same period of last May
is about 36,0D0, but since January
there is decrease of $4,000.
More hogs are showing up at east
ern markets, causing a corresponding
diminution in shipping demand here.
Shippers have taken $1,000 this week.
against $4,000 last week and 10000
year ago.
Sheep.
Demand for both sheep and lambs
was good enough to take the stuff Of
fered at steady prices, but the run was
very meagre There has been gooof
market this week
! Receipts will be less than 10000 this
week. The Tuesday run is $1,000
against $4,000 last week and $1,000
year ago Fortunately, eastern mar
kets have been lightly supplied and
some shipping orders have been avail
able here, otherwise local killers
would have executed one of their
sliding breaks. Undertone to the mar
ket all week has been quite feeble and
sellers have reason to be congratulated
on preventing price range from being
leveled more than it was when pack
ers have been using every effort daily
to get their supplies on much lower
basis. Light receipts prevented them
from accomplishing their purpose, how
ever.
Apy f,,rthoy dvanoo IN, nripos ,uri11 hp