Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-11-21
CATTLE ABOUT STEADY
Market Saved From Severe
Slumps by Small Demand
From All Quarters
ONLY GOOD HOGS WERE STRONG
Weakness Prevailed in Other Grades,
and the Quality of Offerings Was
Rather Poor Sheep Trade Irres-
uIar All Week, and General Tenden-
cy Of Prices is Downward.

Chicago, Nov. 21.-Cattle were NOM
inally steady. The only thing that has
saved the market from severe slumps
this week, was the small demand from
all CHARTERS AS it was, with liberal
supplies, the market is not very much
lower than it was at the close last
week. Sharp breaks were shown in
prices Monday, but there has been a
gradual recovery since then.
There has been remarkably good
outlet for the excessive supplies, but
the chief stimulating feature of the
trade has ben the record breaking de-
mand for feeding cattle. Had it not
been for the feeder buyers competition
the yards might still be well filed with
steers of value under IS, since killers
could not use a great many of that
class and there was not very broad
demand for them from the eastern
shippers.
The late str lgth in general demand
has afforded recovery of a good share
of the early week declines. All of the
Monday loss in prices for good killers
has been recovereda while the choice
grades have even gone a little higher
than last weeks closing. In the trade
for medium to good kinds last sales
have been on an uneven basis, COM
pared with last weeks closing, some
showing range about steady, tho bulk
of steers of value below Sc were yes
terday quotable 10@15c lower.
Proportion of feeding steers and
plain and medium killers has been very
large this week. In fact, the traders
have claimed that supplies of really
good killing and shipping steers We're
not much above normal. This fact is
borne out by the purchase of local kill
ers whose operations have been consid-
erably smaller than in some weeks
when the total marketing fell below
this weeks big number. Out of the 49,
500 cattle which have gone to the ship
supply of killing steers, the biggest in
crease in outward movement being cat
tie, which the feeder buyers have TAX
en-. However. despite the big proper
ton of feeding cattle and she stock
included in this weeks run, the de-
mands, altho broad, have been we'll
filed and local coolers now hold sur
plus of beef, while in the east the sit
uation in beef trade is not indicative
of any probable very keen demand in
the coming week.
Poultry consumption will be given a
big Thanksgiving boost the coming
week and beef trade should fall Off IN
sympathy. Killers have been discount
ing the likelihood of a decreased de-
mand and local buyers say they Will not
need many cattle next week. After the
excessive supply this week continued
heavy marketing would seem bad pol
lev. Strength in demand and the small
net loss in prices for plain and medium
steers this week and high range for
the better grades should be an induce
ment for the feeders to hold back their
cattle and await a renewal of big beef
demand which cannot but force the
prices to higher levels.
Hogs.
Good hogs were strong, and others
were weak. One load of fancy sold at
s6.15. The quality of offerings was
rather poor.
Considering the fact that this weeks
receipts are the largest since last FEB
ruary the market has held up Won
derfully well, the average price yes
terday being SC higher than last Mon
day and only lie lower than Friday
Of last week. Yesterdays average
price stands $1.37 higher than
wear ago, when the market was SO
panicky 1t was a year ago next Mon
day that the average price of hogs at
Chicago was 1896, the lowest day in
about eight years. Mixed packing sold
Yesterday at s5.25@5.e5, bulk 5000 q
5.e5.
Sheep.
sheep were weak, with but little
trading. Trade has been irregular all
week, but the general tendency OF
prices has been downward. Lambs have
suffered severe setbacks, and sheep
have been subjected to severe nam
mering process.