Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-01-11
CATTLE CLOSE HIGHER.
The Supply Has Been Absorbed
Much More Rapidly Than
Last Week
HOG MARKET FIVE DoW'
The Weeks Supply Has Been the
Heaviest Since 1891, and Nearly
Equal to the Record of 1880 Sheep
Close Twenty five Higher for the
Week.

Chicago. Jan. 11.--Cattle were NOM
ifally strong Prices closed 35m60C
higher for the week. Demand has beer
active not only from packers but from
shippers and exporters, and While re-
ceipts have been larger than they were
last week, the added supply has UNI
deYgone the process of absorption
much more readily than it did the pre-
vious week.
The trade has been taking on keener
tone each day since Monday and de-
spite the liberal five days supply OF
II, 200 against 52,30S a week ago, there
has been remarkably strong demand
and likewise a remarkable recovery in
values from low time recently. The
demand has sprung up sharply from all
quarters. Everybody wanted cattle this
week and the actions of some of the
eastern buyers indicated that hey had
to have them regardless of price adj
vance. Shippers bought cattle today
at $5.40@5.S0 which We're hardly as
good as steers offered them at prices
soc cheaper at the start this week.
On the whole the broad shipping and
export demand has been strongest fac
tor in boosting the market up SO sharp
ly this week. Shippers have taken near
ly half the supply this week, total of
$4,000 going out, against 24.200 in five
days last week.
The most appreciate fact of the
whole trade has been the big jump in
prices for plain and medium short fed
steers Usually when sharp advances
are registered these classes get the
short end, but this week they have been
relatively highest sellers, and thus have
the majority of cattle shippers got the
better prices rather than a small min
ority who handle the choice to prime
kinds.
Seldom has sudden price boost of
such proportions as noted this week
the following week. Altho it is gem
orally believed by traders that series
of big runs will hardly materalize from
now on, and that there is to be perma-
nent improvement in cattle prices, a
liberal run is looked for early next
week and most sellers believe the mar
ket will suffer a sharp reaction.
Big receipts are sure to force values
off from the present high point. This
advance has been too rapid to hold on,
say traders, and it will require cautious
marketing to prevent a slump. The
trade does not require big marketing
to fill demands. Consumption Of beef
does not show any material growth
in volume There is a strong under
tone to the market, which can be main
tanned, say traders, if the country will
look upon the trade in conservatively
bullish attitude and not swamp sellers
chances with excessive supplies.
A big rush of cattle marketward
early neNt week is bound to bring about
a sharp reaction in values, in the opin-
ion OF all traders.
Hogs.
Hogs We're sc lower The weeks sup
ply was $4,000. the heaviest since 1891,
and within 10000 of the record for a
week made in November. 1880. The
weeks supply at western centers APP
proXimates 100000, breaking all previ-
Gus records.
Marketing Of hogs at all points in the
west and east this week was the largest
on record. Eleven points the first five
days of the week totaled $4,000, with
enough in sight for Saturday to make
the weeks total around 100000, being
close to 100000 more than ever before
at eleven markets for one week. During
1907 the weekly average was 100000 for
the fifty-two weeks of the year, so that
this weeks total was more than twice
as large as the weekly average of last
year.
This weeks total at eleven markets
estimating Saturday, will run out
about 100000 larger than the second
week of last December, which was the
largest week during 1907. Only 24S,OOO
were received at eleven points the week
ending Nov. 2, 1907.
Sheep.
Sheep closed firm, and 25c higher for
The week. Buyers wanted few lambs
and would have taken more stuff had
it been offered. While price levels We're
steady, offerings We're so meagre that
they made quotations little more than