Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-01-10
CATTLE HIGHER TODAY
Receipts Heavy This Week, But
Market Has Been Uniform
ly Good
HOG MARKET is TEN LOWER
Liberal Receipts and Consequent Poor
Demand Depressed the Market To-
day, Shippers Were Slow and Pack
ers Refused to Pay the Prevailing
Prices-sheep Steady to Strong.

Chicago, Jan. 1O.-Cattle were strong
to 10 cents higher Receipts of steers
were light, and little stuff that showed
good quality was on the market, the
bulk being butcher cattle. Despite
heavy receipts this week, the market
has been uniformly good. and prices
are all the way from 20 to 40 cents
higher than last week.
The quick reversal of form in trade
has been happy surprise to most
traders. Few had looked for the UNI
usual sprint in demand this week. 1t
has come all of a sudden, and its prob
able duration is now cause for much
speculation among the traders. Surely
a rush to unload next week will cause
sharp reaction. This is feared on
all sides. The market, while in best
condition of the season as regards
and hungriness as would warrant an
excessive supply next week.
Buyers were simply caught with big
orders this week which had to be filled.
and, fortunately. since Monday they
We're compelled to fill them from mod
crate receipts. Mondays liberal run
of $4,000 sold well. trade closing up as
good as last weeks finish after opening
lower. The demand has since contin-
ued to grow stronger. Exporters have
bought literally and the shippers. par
ticularly smaller operators, have come
to the front with big orders. Many
more of the $4.7565.15 classes Of steers
moved eastward this week than is usual
and this broader outlet has been a
strong factor in boosting the prices!
The better financial situation has had
a lot to do with the Improvement in
market conditions, but over-zealous-
ness of feeders to unload will have all
to do with possible sharp reaction
next week.
Hogs.
Hogs were 1Oc lower, because of lib
eral receipts and consequent poor de-
mand. Shippers orders We're scarce,
and packers refused to pay the pre-
vailing prices.
The continued heavy movement can
only be attributed to scarcity of feed
in many sections, as sentiment re-
CARDS the market later on as distinctly
bullish. Counting st. Paul and Mil
waukee. about half million hogs
have been reported this week, and
there has been no scarcity in the east.
That, despite heavy run in that
quarter, shippers have taken nearly
5000 hogs, or 40 per cent more than
a year ago. suggests profit in cutting
them up. The January run here is
100000 more than a year ago. and if
this movement continues the January
total will be larger even than it was
and everybody predicted
heavy supply for the month 1t is evil
dent that soc corn will not travel in
harness with 4c hogs, and that the
grower regards his present policy as
the most economical The manner in
which trade in the provision pit has
acted this week ought to encourage
the grower, Some of the wise ones"
believe that product will be worth
been eXtingushed
Sheep.
Sheep were steady to strong. Re-
ceipts We're light, and demand was
fairly good.
The fact has already been effectively
that the bottom is hard,
and the undertone healthy. The heavy
liquidation of December entailed sac
ritices that in the light of subsequent
events appear to have been unWar-
ranted, but relief has arrived, and with
nothing pressing on the market, con-
tinued good health seems to be a log
cal forecast. With the poultry season
over, consumption of mutton has ex-
banded visibly. Down east dead NUT
ton trade is sprightly, and the market
las stood the test of an advance in
prices well. That the margin of pro-
it is wide is indicated by the manner
IN which outside killers are competing
'or a share of the supply. The trade
believes that the advance of S1@1.50 !
ger cwt since the low spot was passed |
las come to stay. The only way to
govern receipts is for every feeder to
exercise care in shipping, sending only
lis fat stuff to market. Now, how
,ver. is a good time to let the finished |
product come along.