Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-02-10
Unprecedented Receipts in Chi,
cago Knocked Bottom Out
of the Market
HIGH PRICE OF CORN, CAUSE
Before Noon More Than $4,000 Head
Had Been UnIoaded and Moro Were
Arriving-CattIe Were Slow, Re-
ceipts Being Too Heavy for Need
Of Trade.

records today. Before noon more tndI
$4,000 mead had been unloaded and
more were arriving. The highest rur
previously recorded IA Feb. II, 1898
when 74,551 were received. The high
price Of corn is said to be the cause
for the marketing of the animals in
such numbers. The immediate effect
on the Chicago market was a break o.
10M15 in prices.
Chicago, Feb. 1O.-Cattle were slow
to 1QM15 lower, despite good outside
orders. Receipts We're altogether toe
heavy for the needs of trade.
Quality of supplies in the feeder
line has been plain and packers com
peted for good weight offerings. Chief
demand came from the east, but there
was also fair Illinois and western in
curry for the better grades. Traders
look for a considerably increased in
quiry for light steers as soon as
weather warns up a little.
Hogs.
Hogs were 10 TO 10 lower on a big
run, which was the largest of any
day il the history of the local yards.
There were but few shipping orders
filled, and packers were exceedingly
bearish.
Light and mixed classes now meet
quite good call from boil packers and
shippers and are relatively best SELL
ers. The range of prices between poor
to good mixed and light kinds has been
a, ~~J 10. Iaar Il no ~ ~ ~
together for several days. Many good
hogs are coming nowadays and as
the proportion of light-Weights falls off
there is keener demand for them, which
is putting values for these classestnear-
err to the range for other grades. The
encouraging feature is an emphatic
broadening Of eastern demand. Since
January l shippers have taken 265,OO0
hogs, or so, 1000 more than last year.
For several weeks past, however, de-
mand from nat source has been dis
tinctly lacking, as eastern markets
have been constantly glutted and ship
pers have been able to buy nearer home
at close to Chicago prices, saving the
expense of running their droves. Indi-
cations now are thai high feed has
driven the eastern crop to market earl
Ter than usual and that shippers will
be forced to buy an increasing num-
Der of hogs at Chicago right along, in
which East regular packers will nave
less to say about framing up the price
list and competition on light and pig
stuff will be broader. While shippers
were operating sparingly packers dis
eliminated against u~nderweights.
Already the improved shipping de-
mand has had a beneficial effect.
Shippers have gone to lights and pigs
with such avidity that the spread has
narrowed and good light hogs are
selling on a parity with choice mixed
and good butchers. Discrimination is
now. confined to up-and-down loads of
mixed with a pig end in n direction
and a coarse, heavy balance.
Sheep.
Sheep were weak in sympathy with
other markets, most classes showing
a decline of 10 cents.
Most lambs offered last week were
good and bulk were westerns with Il
small proportion of natives and Colo
Compared with the close of
the week before choice desirable
weights sold about steady, while the
heavy and plain offerings went about
1Oc lower. Altho supplies were larger
than the previous week. outsiders had
more liberal orders. O for the in
creased shipping demand prices would
undoubtedly have been lowered, as
packers were Indifferent when the out
side demand was at all limited. eau
tious marketing of stock is all that is
to keep the good feeling that
now prevails in the trade.