Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-04-13
Good Kinds Steady, But Others
Slow and Inclined to
BE Weak
DECLINE IN HOGS TODAY
Market Was Fairly Active, But Prices
Were Ten Lower Than on Saturday,
Receipts Being Too Heavy for Needs
Of the Trade Sheep Steady On
Good Dmand.

| Chicago, April 13.-Cattle Coco
kinds were steady and others were SLOW
contained many loads of choice steers
but prime butchers We're not plentiful
Receipts of cattle last week were
exceptionally small. The demand wa:
also severely contracted, and even witt
a big decrease from last week, there
We're enough cattle to fill all the re-
quirements of the market Conditions
We're very unfavorable from the stand
point of the buyer who is unable to
get rid of the beef freely enough tC
admit of extensive operations. The
advance in the cattle market was toe
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 We're, in a measure, successful.
Altho shippers bought the usual pro-
portion, their volume of business for
the week is 5000 head short of the
previous week, but there is at the same
time decrease of 1000 head in the
number bought by local packers.
Reports from the east are to the
effect that the beef outlet is poor, and
is likely to be till after Easter Sunday.
A large proportion of the public has
refused to pay the advance demanded
by the butcher. and the result is more
difficulty in getting rid Of the supply.
Heavy cuts are especially hard to sell,
and for that reason noticeable dis
elimination has been made this week
against the big cattle. Compared with
a week ago. the heavy steers show a
decline Of about 10@15c. but the handy
light weight are steady. Everything
was lower early in the week. but later
the tone of the market was somewhat
improved, and good deal of the loss
was regained. 1t was certainly for
tunate that the week receipts We're so
light They reach about $4,000, against
$4,000 the previous week, and $4,000 a
year ago.
Exporters operated lightly and cau-
tiously. However. the market at Lon
don went up few points, and, no
doubt, there will be some renewed in
terest in the market.
logs.
Hogs were fairly active, at decline
of 1Oc from Saturdays. Receipts were
too heavy for the trades needs.
The market is now on a fresh meat
basis, as indicated by the manner in
which heavy and rough hogs have been
let alone, while light and butcher stuff
have gone to the front. The fact was
also made apparent last week that
what hogs are back in the country
are in strong hands. and that holders
are Indifferent whether they seek mar
ket now or two months hence. Inc
weeks run is $4,000 less than the pre-
vious week, and $4,000 less than a year
ago. Shippers have cut their pur-
chases about 10000, compared with the
previous week. but are still taking
more than a year ago. April receipts
to date are $4,000 less than last year,
while shippers have taken 1900 more.
The future of the market evidently de-
ponds on shipping demand. Receipts
will probably be light until corn plant
ing is over A large area is to be put
in and the country will have little time
to bother with hogs.
Packers expected a month ago, that
whenever the hog market advanced
half-a-dollar the country would re-
spond with glut but the advance oc-
Cured and it never happened. Then
they argued that the grower had be-
come too bullish and that break
would jar his confidence. This pro-
gram they proceeded to carry out but
the country. stoically refused to get in
to stampede marketward. Packers
then concluded that patience was vir-
tue. They are now waiting the say
until oat seeding is over when hogs
will come freely. Should this dope"
not prove good they will contend log
ically. that the grower is keeping away
from the hog market until corn is in.
a deep seated suspicion eX-
lists that the country has not the hogs
to glut the market with.
Sheen.
Sheep were steady and receipts We're
light There was good demand for wool
stuff.