Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-02-01
No CATTLE MARKET
Receipts For the Week Mater
tally Lower Than Last, But
Demand Poor
HOG VALUES OFF TO 10
scalpers Almost Exclusively Furnish.
ed the Early Demand Today, Pack
ers Being Entirely Out Of the Trade
Close Was Lower Receipts Of
Sheep and Lambs Light.

Chicago. Feb 1.-Cattle receipts
were not enough today TO make a
market and the usual Saturday condi-
tons were noted. Receipts for the
week were cut very materially COM
pared with arrivals of last week. the
shrinkage being about $1,000. In spite
of this falling off in offerings. the
demand has been far from energetic
and prices nave not shown any net
gains. save in the case of a few
lighter steers and heavy steers are
actually lower in spots. Butcher cat
tie. however, have shown more than
their usual strength, and gained some
what in price.
All week the heavy steers have been
in poor favor and the higher up their
values. barring a few extra prime kinds,
the poorer the market These classes
are down 10Gl5c from last weeks
closing level most lots being quoted
10c off, but there is n difference of 20
M30c between nominal prices for such
kinds today and last Monday, when
buyers paid higher prices under protest,
due to the small run of 1879. Since
early Tuesday values for big steers
have been on weak and lower basis
and traders say the market will need
a light run of heavy grades next week
in order to prevent further recession in
prices.
Despite the big decrease in supplies
tone of the market has on the whole
been unsatisfactory. Failure of prices
to hold Mondays advance plainly in
Dictated poorer demand for beef, and
until the we'll filled coolers are emptied
of some of their surplus stocks there
can hardly be very brisk demand. The
east is well loaded up with beef. as are
the local packers. The market needs
another week or two of light runs in
order to assure permanently better
price level
Indifference of packers toward the
market is well indicated in their COM
paratively small buying this week.
Shippers haze taken upward of 10000
of the receipts. decrease of 1000 from
last week, while packers buying shows
q decrease of nearly 1900 compared
with last week
Hogs.
Prices opened 5@1Oc under the levels
of the previous day. Early demand
but packers were entirely out of the
trade AT the close. values were off
5a1Oc.
This months combined receipts OF
hogs at eleven markets are by long
odds the largest on record, being
third larger than year ago, or around
100000. The eleven markets the first
five days of this week received 642,-
900, showing decrease Of $4,000 COM
pared with week ago and 12S00O in
crease compared with corresponding
five days year ago.
Sheep.
Both sheep and lambs were slow,
tho receipts were light.
Under small receipts on Monday val
ues advanced 15@25c. but receipts
Wednesday were too liberal and that
advance was wiped out. Closing prices
are generally steady with week ago.
Packers We're Indifferent after the
start Of the week and trade was drag
gy on heavy kinds, While outsiders had
liberal enough orders for handy
weights to make fairly active deal
on such arrivals. Yesterdays receipts
We're estimated at 5000 while 1882 ar
rived week ago and 4.52S a year ago.
Total supply thus far this week around
63, 900, OF close to 5000 more than for
the same period the previous week, but
about 1900 fewer than during the
corresponding time last year. Packers
are working hard to keep prices down
and liberal receipts next week will en-
able them to use bearish tactics, which
would be to the advantage of country
shippers.