Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-02-07
Considerable Stock CarriedOver,
and Packers Were Not Dis
posed to Activity
HOGS ALSO ABOUT TEN LOWER
Heavy Hold-over Supple. and Large
Amount Of Arrivals Give Packers De-
cided Advantage in the Market
Lamb. Suffer a Decline of Ten to
Fifseen-steadiness in Sheep.

Chicago. Feb. 7.-Cattle-Owing to
the small number of refrigerator cars
available for eastern business. packers
were not disposed to do much today
Much stock was carried over from yes
terday, and prices were ten lower
Late arrivals of cattle yesterday
we're rather too much for the good OF
the trade. and most statesmen consider
ed the closing trade 10 cents lower
than at the start. There were some,
however, who did not discover any ma
terial weakness late in the day. Ihe
fact was that shippers could not wait
all day to fill their orders for the cat
tie had to be dispatched east. AFTER
thew were thru buying and the delayed
trains piled up receipts, it was natural
that a weakness should develop. How
ever, about all of the cattle that got IN
before noon sold at an advance of IN
cents. A few very prime steers were
included in the offerings. One extra
choice load OF Angus fed in Illinois,
reached $7.25 These cattle were re-
markably prime and averaged 1906
lbs. Another small lot sold at ~
and some yearlings brought s6.75,
There was a small proportion, how
ever above $3.50. and the bulk of the
shipping and export class Went at
$5.25@6.25. with large number of
light weights at $4,000 Sales in
Guided some stillers at $3.50.
Hogs.
Hold-overs were 1900. and this.
with arrivals of $4,000, gave the pack
ers an advantage in the market. Prices
were about 10c lower.
Half-week receipts at all western
points are light and packers have been
furnished with emphatic and convinc-
ing testimony this week that the
country Is not in possession of the
ammunition they expected would be
forthcoming to break prices sooner or
later
Shipping demand is still slack, 9TH
erwise there would be more vim In
the market Eastern pork consumers
are evidently talking at prices and
switching to beef.
Altho hogs are high, they are not
yet up to the level of February. 1903,
when choice fat backs sold at $7.55:
market for hogs enjoyed a great boom,
and in March the high mark of the
year was reached, when the top struck
$7.S71a. Light receipts were practically
the cause of the lofty prices then, for
only 6SS,000 hogs We're received IN
February and $4,000 in March. After
March the market started on the down
grade and did not stop till 1t reached
ST. IS in August There is scarcely any
danger that this history will be re-
peated this year The cause of the
present rise is due mainly to the fact
that the consumption has overtaken
the supply. Last years short crop
practically cleaned out the cellars and
packers have no stocks in reserve to
make them independent To make the
situation more bullish the demand for
fresh pork was never better and with
the present supply of hogs below nor
NAL. it is impossible to get anything
ahead Many traders look for $3.50
hogs within a month and there are
some bullish enough to predict IS hogs
before the summit is reached.
Sheep.
Lambs were 1O@15c lower; sheep
were steady.
Sheep have been travelling a rocky
road lately. Owing to an oversupply
the market has been demoralized. But
the worst is probably over. Trade tall
ent believes that the low spot has been
struck. Some of the optimists are
talking Scent wethers. Considering
the manner in which the market has
been deluged, the surprise is that sheep
prices have held up as they did.