Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-11-02
Close Considerably Higher This
Week Than Last, Due to
Light Receipts
BETTER TONE IN HOG MARKET.
There Was Good Demand From Ship
pers, But Prices Did Not Advance
Materially because OF the Poor
ouaIity-Good Sheep Stuff Show a
Gain for the Week.

Chicago Nov. 3.-Cattle were nom :
inally steady, and prices close the week
substantially higher than the previous
week, due principally to light recelpts.
Higher prices in the past few days
have been due entirely to the light re-
CENTS. Consumptive demands are not
growing materially and slaughterers
still have heavy stock OF beef IN
their coolers, Much of this surplus
supply must be worked off before de-
mand can grow, and until the slaugh-
tercrs are in need of normal volume
feeders and shippers should operate
cautiously. Altho some transactions
in the $550M6.50 grades or steers
have lately been at considerably high
81, prices than paid last Monday, the
market would not have been boosted
Ind supplies been normal, and 1T
stands to reason that in the event OF
normal receipts again next week prices
must fall, us there Is small nope OF
material growth In consumptiVe cah'
Five days receipts this week nave
been 5000. against 92,I60 week ago,
and this big cut in marketing mas
clearly shown the attitude OF shippers
and feeders toward the low range OF
prices nut into force last week. III the
country will just continue to stand
pat." rather than liquidate freely, tur-
rfler advances in prices should De
brought about in the next week Oh
two. saw traders but the market Is not
In, condition to even hold STEADY uhder
liberal receipts. Western range cat
tie will continue In rather hperal VOL
u,ne in the next two weeks. ana aIter
the rangers are out of the way IT VIII
be time enough to have q renewal OF
liberal runs of natives. Range cat
tie arrivals this week have been "a
0D0. against 41,500 last week, and me
cnt in marketing in this line has at
f,rded 15m25c gain in prices, but the
level OF values is still considerably
lower than two weeks ago.
Hogs.
Demand from shippers gave the
market better tone, but as ofter-
ings We're generally of poor quallty'
prices did not advance materially. Inc
supply was well cleaned up. and val
,les are quotably 10000 higher IMAM
last Saturday.
Indications favor something of an
increase in the number of marketapie
hogs for the four winter months III
comparison with last year, when the
total was 9,694,OO0 for the western
STRENGTHENING. For the preceding WIN
ter season the total was lO,496.O0O, rep
,esenting the high record for such eA-
hibits. and this may be regarded at
his time as likely to be equaled the
owe
hop was exceptionally high last win
ter under the competition for the OF
terings with other influences. Al this
date the average of prices is put iilou-
crately lower than year ago, put .lie
difference should be expected to wloet
later on and to appear decidedly lower
than last year.
Sheep.
sheep were steady, and offerings
were very light. Good stuffs snow Il
gain for the week of 1890
Conditions surrounding trade IN
sheep and lambs are still of an unfa-
yorable nature. Demand from all
,ources is still greatly reduced. Packers
are pursuing very conservative
course. buying only such stock as VIII
f,nd immediate outlet This is due in
the main to a poorer consumptive de-
mand both in local and eastern quar-
tiers.
Outlet for feeding sheep and lambs
has also become narrower than usual
for this time of the year This is due
in part to the lack of confidence in the
future market and partly to the lack OF
ready cash. Advices reaching here are
to the effect that country bankers are
calling in loans wherever possible m
stead of making loans. Thus prospec-
tive feeders are barred from securing
their kinds at the lowest prices OF the
season.