Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-11
Other Grades Show Decline of
From Five to Fifteen For
Week
HOGS STRONG TO FIVE HIGHER
Markets Strength Was Chiefly Due to
a Light Run and Excellent Demand
From Shippers and Spectators =
Sheep so to 60, and Lambs 40 to so
Lower Than Last Week.

Chicago, April 11.-Cattle were nom
inally steady; there was no trading.
Steers closed weak and 10 cents low
er than last Saturday, while other
grades show decline of from 5 to
Is cents.
Receipts of cattle this week We're ex-
ceptionally small The demand was
also severely contracted, and even
with a big decrease from last week,
there were enough cattle to fill all the
requirements OF the market Condi-
tons were very unfavorable from the
standpoint of the buyer who is unable
to get rid of the beef freely enough to
admit of extensive operations. The
advance in the cattle market was too
swift, and when packers raised the
price of meat to justify the rise, con-
sumers rebelled, and consequently the
demand is not nearly as broad as it
was.
In the face of very moderate Offer
ings, buyers eXerted strong pressure to
pull the market down, and early in the
week were, in measure, successful.
Altho shippers bought the usual pro-
portion, their volume of business for
the week is 5000 head short of last
week, but there is at the same time a
decrease OF 1000 head in the number
bought by local packers.
Reports from the east are to the ef-
feet that the beef outlet is poor, and
is likely to be till after Easter Sunday.
A nf rNuh1ic has
refused to pay the advance demanded
by the butcher, and the result Is more
difficulty in getting rid of the sup
ply Heavy cuts are especially hard
to sell, and for that reason a notice.
able discrimination has been made this
week against the big cattle. Com
pared with a week ago, the heavy
steers show decline of about 10@l5c,
but the handy lightweights are steady
Everything was lower early in the
week, but later the tone of the market
was somewhat improved. and a good
deal Of the loss was regained. 1t was
certainly fortunate that the week re-
ceipts were so light. They will reach
about $4,000, against $4,000 last week,
and $4,000 a year ago
logs.
Hogs were strong to cents nigh
er. A light run and excellent demand
from shippers and spectators were the
chief causes for strength.
Southern hogs, "Indianas, as they
are known, were Disseminated
against About twenty-five cars of
these hogs have been forwarded this
week from st. Louis, where the mar
ket went to pieces. They hail from the
Ozark region in Arkansas and Mis-
souri,, and show good breed quality,
but having been fed on mash. are not
good dressers. Shippers bought some
early in the week at s6@6.10. but woke
up later and were fighting shy.
Supply this week has been light and
it begins to look as tho nothing is
pressing on the market. The trade is
not looking for liberal receipts until
corn planting is over.
Lack of popularity on big hogs In
dicates that packers are not anxious
to put away regular stuff. The an
nual raid on the winter accumulation
of hog product has begun, however.
The fact that the cash trade in the
south is good enough to force pack
ers in the market to buy in their flu
ture ribs is new feature on this
crop. 1t means that if that trade
continues to improve as it should that
holders will get better prices, as the
ribs in the stock are still closely
hedged by the packers, both here and
in the west. and at present prices of
hogs in the pit is the best place to
cover them.
Sheep.
Sheep were steady, but few were on
sale today. Sheep were SO to so cents
and lambs We're 40 to so cents lower
than the close last week.