Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-01-25
Market Normally Sta ally, and
Prices Twenty-Five Lower
Than Last Week
HOGS TO 10 CENTS LOWER
Scapers We're the Principal Buyers
and Shippers tIad But Few Orders,
While Packers Held OF on Account
of the Advance--Sheep Market Low
err Than Last Week.

| AHlcdSO, JAN. -b.--Nullle Nclt Sitdu y
to % cents lower than the close las
| week: there were not enough animals
nominally steady market.
Five days receipts this week stand
73 900. against S4,00S week ago. 1883
| a year ago and 62,S13 two years ago.
/ Prices today stood Is a zoe under the
! level last Friday. and as compared with
! high time Wednesday of last week 4
/ decline of 15@4Oc was noted, most
! classes of steers being nominally % q
zoe Off from that day. The demand
from all sources has been less keen this
week. Exceptionally big. receipts
since the first of the year have filled
coolers and there is no longer the
same brisk inquiry which character
| ICED the trade last week and the week
previous. Coolers have become heavily
/ loaded with beef and buyers are now In
a mood to hold the market down as
| low as possible. Previous to Thurs
day of last week price seemed Sec
ondary consideration. All buyers were
after big purchases of steers, but since
then there has been general retrench-
ment in buying and the result has been
a gradually sinking market for all
classes of steers.
Those hit hardest wete the medium
to pretty good grades. which kinds
We're In most favor during the recent
bullish spell In the trade. Strictly
choice heavy beeves have not been in
80, no
than 10M15c drop from high time, al
tho most of the good export grades
are selling 25c lower and bulk of plain
light killers also show the same de-
cline. Yearings. too. are off mostly
25M30c from high point. the supply
of these being rather liberal this week.
The market has simply suffered a
dose of too heavy receipts. There is
nothing wrong with the consumptiNe
outlet. At present the demand is
growing some consequent to the better
tone Of trade since the weather has be-
come a little more crisp Traders say
a week or two of more moderate runs
would again put the market in much
better shape. but so long as lquida-
ton is carried on too freely there can
be small betterment in prices. Caution
is urged in marketing next week par
ticularly. The trade has had three
weeks of heavy runs and 1t is now time
that check was put on supplies IL
further breaks in prices are to be pre-
vented.
Hogs.
Hogs We're to 10 cents higher. due
to an exceedingly light run. Scalpers
We're the principal buyers. Shippers
had but few orders. and packers
held off. not caring to pay an adj
vance.
Yesterdays run suggested that the
bad markets earlier in the week had
checked the run and that the country
was awaiting resumption of &c bids at
interior points. There is. however.
no expectation of subsistence of liqui-
dation and plenty Of hogs are expect
ed all next month.
Sheep.
The market closed strong, but 10 a
25 cents lower than last week.
1t has been an unsatisfactory week,
and market talent is puzzled as to why
the trade is such bad actor. If re-
seipts We're burdensome as in the case
have a legitimate appearance, but that
excuse is not possible as supply is
running light, and January receipts
are about 100000 less than year ago.
Buffalo is one cause of prevalent de-
m oralization. for it is little less. Iowa,
Missouri and Illinois shippers who are
hiking east are to blame. With half
the number at Buffalo this week. tops
would have made SC there, and TIC
summit would probably have been
registered here. AS it is, western
shippers are glutting Buffalo and hurt
ing trade everywhere else Sooner or
later they will realize that this policy
is not to their interest. Packers are
evidently determined to hold down the
lamb market and are making strenu-
Gus effort With that object in view. IT.
is significant that consumers are pay
ing last years prices for lamb chops,
while live mutton is dollar lower
than last year.