Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-02-13
CAT|lE STEADY TODAY
short-Fed Offerings Were Weak
However, Altho Shippers
Were Good Buyers
HOGS STRONG TO FIVE HIGHER
Packers Refused to Follow the Advance
Resulting From Good Shipping and
Speculative Demand, and Market
subsidized to steadiness-sheep Prices
Were Steady.

| Chicago. Feb. 13.-The cattle mar
ket was steady on run of 10000; feel
ing was stronger than Monday. Ship
pers were good buyers and there was
on the market. Short-fed stuff was
weak
Two days receipts this week stand at
&c, 400. against 1866 week ago and
31.254 year ago, but an increase in
marketing this week is not what the
| trade needed Last weeks pounding of
values really necessitated a sharp cut
in supplies this week. but 1t is evident
that feeders tired of paying high prices
for corn in face OF declining cattle
market and became anxious to unload.
The inevitable result was another drop
in prices at the start this week, but
there is now an indication that the big
marketing is being checked and 1t is
earnestly hoped by the trade that small
receipts will materialize later this week.
The car situation is unimproved, both
as regards scarcity OF the refrigerator
rolling stock and cattle cars. Shippers
were unable to send all their purchases
out and all experiencing difficulty in
getting cars, while the reports from
Packingtown respecting the refriger-
ator car shortage were not encouraging
to the belief that the situation there
will improve very soon.
Since last Wednesday the general
fall in the market has been 25@40c,
tho there are cases where the prices
show discount of soc. The greatest
decline has been on the steers which
sold last week at 5000. Buyers are
getting better killing steers at S. now
than they have been able to secure
since the first of the year and shippers
are getting good class at $5.75, Most
traders have faith in the future of the
market and think that the recent loss
could soon be recovered if receipts were
cut down to about $4,000 per week.
Just at present the meat channels
are filed up and the difficulty of get
ting refrigerator cars has put packers
in mood to buy carefully.
Hogs.
The market was strong to DC higher,
on good shipping and speculative de-
mand. One load Of prime heavy sold
for 1925, the highest price of the year.
Packers refused to follow the advance,
and the market later became steady.
Receipts were about $4,000, with 6,40o
held over.
Notwithstanding the immense re-
ceipts prices keep up remarkably we'll,
the average price yesterday being the
highest since April, 1903, and, with
ttr
prices are the highest for February in
about a quarter Of a century. In Feb
ruary, 1898, best heavy sold up to ss.75,
which was top that year. In February,
1882, the year when hogs reached $685.,
the top was $3.50, but the following
month they reached $685. In May
sS.6214 was top and i'm September of
that year they reached $685., the record
since war times
Sheep.
Sheep prices were steady, but the
market had a strong undertone.
1t is quite evident now that the coun-
try has not the confidence in the future
market for sheep that it had earlier
in the season, as many orders have
been Cancelled. this applying especially
to ewes Call is centered on wethers
and yearlings, tho 1t would take an ex-
ira class of wethers to go above $500
at this time and there is no safe outlet
for yearlings higher than $3.50. While
lamby ewes have gone up to $5.75 re-
Gently, there are no orders in hand
which would permit the paying of
higher than $500 for many of the best
feeding ewes coming, the country be-
ing reluctant to take hold of ewes
which have been on feed
The improved undertone to the mar
ket should not be construed by the
country to mean a broader outlet for
lambs, as it is due mainly to decreased
supplies. Liberal supplies here on re-
manning days this week would prove
a harm to the market as prevailing
conditions call for no more than mod
crate receipts.