Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-01-31
CATTLE ARE TEN HIGHER
Spectators However, Found
Prices Would Not Stand So
Much Raise AS Expected
HOG MARKET ALSO HIGHER
The Indications Were That Offerings
Would Bring Five to Ten More Than
Yesterdays Prices, and That Ali
Would Be Bought Up-sheep
Strong and Higher.
HOG MARKET ALSO HIGHER

Chicago, Jan. 31.-Cattle prices were
steady to 10 higher; nothing choice ar
rived and even short fed steers were
readily taken. Fat COWS and heifers
were in good demand. Thirteen thou
sand and six hundred were carried over
from yesterday in the hands of specu-
lators, who found. however, that prices
would not stand so much raise as fig
ured ON.
stands against $500 a week ago and
51,044 year ago. This material de-
helping the situation but little, owing
to the narrow consumptive demand for
the bulk of the beef now being offered
by killers. Quality of the supply has
been too plain to enthuse the buyers Of
cattle and likewise the beef men. The
public wants good cuts, and they are
scarce. That's the reason for the
strength in the market for fat heavy
steers this week and the rather slow
trade and unsteady undertone to the
situation in other classes.
The market for feeders was steady
but lacked keen tone, outside demand
being only moderate, while there was
no very urgent call from the local order
buyers. Strictly good feeders were
again scarce and sold most readily, tho
there was fair tone to the trade for
medium classes Light grades, on the
other hand. were slow sellers, the coun
try buyers being inclined to pass up
such classes. while dealers had a liberal
supply of these in their pens. and they
took the fresh offerings indifferently.
Dealers have accumulated liberal
number of medium steers since the
opening this week and yesterday they
We're cautious operators in the fresh
stock being DESTROYS of avoiding con-
gested market later this week. The
country demand is not broadening out
very satisfactorily and unless there is
a considerable increase in the buying
in later days this week prospects do
not favor a very close clearance.
Hogs.
Indications were that all would be
bought up at 5@10c higher.
Packers made a frantic effort today
to protect themselves from further adj
vance on the relatively high scale of
prices The main props of the market,
as far as packing demand was con-
cerned. were out all the forenoon, al
lowing prices to sag SC from the range
at which most of Tuesdays trading
was done. The packers We're evidently
intent on dealing out fierce punishment
to spectators, and the big fellows held
out of the market until the noon hour,
tho the provision market on change
was absolutely running away with it
self making the biggest bulge in
weeks Later the big buyers for pack
ers came in and showed hunger for the
hogs that were still in the hands of
commission men, paying s6.S0@6.S7k
for the bulk and as high as Sc. 80 for the
extra smooth lots, tho evading the hogs
held by spectators wherever they
could detect them or passing them
with bids considerably below the above
range.
Sheep.
Sheep were strong and 10@15c high
err Fat lambs sold all the way from
5.70@7.75. Other lambs, poorer stuff,
sold down from 4.85 up.
The half-week supply is 10000 less
than last week and 1000 less than a
year ago, while weather conditions
have been favorable for consumption
of mutton, but the adverse influence
of last weeks hesvy run is still felt,
and the mutton market down east is in
but healthy condition. Buffa-
10, Pittsburg, Cleveland, and other
points down east have been filled with
native and fed western stuff, practic-
ally closing the shipping outlet here
Statesmen who turned to shippers in
their Dilemma found them out of the
bidding, as eastern points were rela-
lively much lower than Chicago. TO
make matters worse, Missouri river
markets are filled up and trade there
badly demoralized