Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-03-30
Cow Stuff Suffers Less Than
Steers in Downward Course
of Prices
HOG MARKET LACKS ENERGY
Market Was Steady However, Prinoi-
paIIy Because of Liberal Receipts and
the Bearish Attitude of Packers-Lit-
tie Demand From Any Quarter in the
Sheep Market, Which Was Steady.

Chicago, March 3O.--Cattle--A heavy
run caused decline OF 10 cents in
prices. Packers We're inclined to ham
| mer down values, and urgent inquiry
| for shipping grades, a feature of the
trade last week, was lacking today.
Cow stuff suffered less than steers, in
the downward course.
| Not in many years has the market
been so spectacular as 1t has been
during the past three weeks. The fact
that so many cattle were disposed OF
early in the winter has developed
shortage that begins to look serious
to the buyers now. and many predict
that the scramble has just begun. One
thing is certain, and that is the sharp
advance has started bullish feeling
in the country and feeders are hold
ing onto everything for still higher
prices This is intensifying the short
age and making the situation all the
more serious for the buyer. Out OF
So, 900 cattle received this week. close
to 10000 were shipped out, which is
very much higher percentage than
usual. OF course. good many of these
cattle Went to exporters, but they were
taken away from local buyers who
We're left short in consequence. Not
since the spring of 1902 has the de-
mand for good beef steers been SO fast
and furious. 1t shows that there is
nothing the matter with the outlet, and
somebody has the money to buy the
meat at the prices. Shippers took the
bulk of the good cattle during the
week, tho exporters We're after some of
the we'll finished steers, and local kill
ers had to have about the usual pro-
portion. The demand was so strong
that weight was no longer considera-
ton.
Should the trade get little reaction
shortly such is believed to be likely of
brief duration. Conditions are not the
least indicative of any continued de-
pressed market. Evidence of this is
apparent on all sides.
The advance Of the past week is
practically dollar. as S4.90M5 took the
bulk a week ago. In the west six
principal markets show Il decrease q.
about 10000 compared with the pre-
ceding week. while the contraction in
supply at Chicago is about $4,000 on
the same basis of comparison. altho it
is still $4,000 more than a year ago.
Shippers have taken nearly as many
as during the previous week. conse-
quently the slice falling to packers
has been meager. Shipping purchases
last week were 40 per cent more than
a year ago. March shipments TO date
are 1900 more than during the same
period last year, while since January
/ that outlet has taken 100000 more
than in 1907
The country has become rampantly
bullish on future prospects. Every big
Jump in prices has tended to cut down
the runs, and unless there is a con-
siderable volume of country shipping
activity for markets early this week,
the trade believes that his big adj
vance cannot be materially checked.
What may happen before the close
Of this week is open to conjecture. The
market has advanced so rapidly that
the country is bullish, and not likely
to shoot in a lot of stuff. There is,
in fact nothing pressing on the mar
ket, and a drop of 25 cents would be
more likely to start a run than fur
Their bulge to 61a cents. With beef
soaring and mutton scarce. the hog
grower knows that his holdings are
worth present prices If not more and
he has passed the stage where he is
disposed to make sacrifices.