Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-11-16
CAME ABOUT STEADY
No Trading Today, and Prices
Closed Lower Than a Week
Ago
NO DECLINE IN HOG MARKET
Prices Were Fully as Good as the Best
limo Yesterday - Shippers and
Packers Were Active Buyers and
Opening Was Active-smaIl Sheep
Offerings Taken, at Steady Prices.

Chicago Nov. l6.--Cattle were nom
inally steady. There was no trading,
Prices closed this week lower than u
week ago.
Trade during the week has been the
most uneven in many months ana
hardly any two buyers or sellers have
agreed on the decline in values as
compared with last week. Some of the
BUYERS assert their purchases of
dressed beef steers on Wednesday were
even at stronger prices than on We'd
nesday, while on the other hand the
sellers argue that on Wednesday they
sold most steers CSC Off from Monday
and some at 35c decline.
The hardest drop In prices from the
start of the week was noted for good to
came Thursday these were the kinds
which sold at the greatest gain over
the time the day before.
There is nothing in the situation
which gives indication Of sellers hold
ing the advance they scored in the past
two days should the run next Monday
be very liberal The market Is not in
shape to provide outlet for liberal sup
plies at the late up turn. and traders
fully expect q sharp reaction early next
week In the event that the country
again decides to liquidate freely.
Industrial conditions are not encour-
oo{n IN of OrnNvinp dom 81 nd
for beef, neither in the east nor In near
by territory, while foreign demand is
also not expected to improve material
ly. The great bulk of this weeks run
has sold at the lowest prices noted In
many weeks previous and another ex-
cessive run next week is almost sure
to sell even lower. Feeders who are
in shape to hold their cattle should do
so, say the traders, as there must be
an up turn as soon as the situation
mends a little.
Top steers this week at $3.50 We're
lowest since last May and stood 90c
under the high point of the year. Bulk
OF the choice steers have sold $1,000
1.25 below best prices at the high point
q few weeks ago, while most of the
good steers went on Wednesday at 65D
Is decline from prices noted ten days
previous. Lower priced kinds ranging
down to $500 have not been as hard
hit. since the public c1amor for cheaper
meats puts these In better favor with
slaughterers. but still the packers have
a lot OF range beef on hand and do not
need a very liberal quantity OF the
cheap natives.
Hogs.
Activity featured in the opening,
shippers and packers buying up offer
ings as soon as yarded. Prices were
fully as good as the best time yester-
day.
Less than 10000 hogs arrived here
the first five days of this week, or
1890 less than same period last year
Shipments to the east increased 1000
during the same period, leaving net
supply for packers over $1,000 smaller
than year ago. Receipts at all west
ern and eastern markets dwindled
down this week, the total at eleven
points for five days falling $4,000 be-
low same period week ago.
Export demand for hog products is
increasing of late, about 20,O0O,000 lbs
CT pork, bacon and lard going abroad
the past week, or 100000 lbs more
than year ago. With a larger move
ment in provisions and such small
hog receipts for this season of the year
hogs ought to sell better.
Sheep.
Only a few loads We're received.
These were taken at steady prices.
Conditions surrounding the market
for good to choice lambs were more
favorable than any time lately. This
does not warrant liberal receipts next
week, however, for this would likely
undo all the good that sellers have
worked so hard to accomplish. Mod
crate receipts of good fat offerings and
keeping half fat stock back should
help out trade wonderfully, and the
country must bear in mind that only
thru this policy is there hope for
putting prices on a higher level.
Late advices from the western range
are to the effect that very few ship
ments from there are on their way to
market. This means two things.
namely, the lifting of a big weight off
the fat lamb market and a scarcity Of
feeders Thus it can be seen that
countrymen with lambs in the feed
lots may expect to have the situation
in better control from now on if they
market their holdings judiciously.