Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-01-13
Receipts of 10000 Head Force
Cattle Prices Down 10 Cents
For Most Grades
TOO MANY HOGS RECEIVED
Market 5 to 10 Cents Down, Receipts
Amounting to $4,000 Head = Sheep
Alone Show Acknowledgement Quo
tations in Chicago and Elsewhere
General Market News.

ChlCago, Jan. l3.-LlNeStock receipts
at this point were excessive, even for
Monday, and the arrival of 10000 head
of cattle at the yards depressed prices,
most grades being off 10 cents.
An air of optimism prevails respect
ing future prices. but their materials
cation will depend entirely upon how
the country takes last weeks advance.
If feeders make rush to unload.
chances for still better prices will be
weakened considerably. Conservative
operations are imperative to the full
tillment of the present bullish eXpecta-
tions in the trade.
While values are now on basis
which affords feeders better opportun-
ity to market their holdings with
chances for profits enhanced there Is
likely to be reaction. 1t usually fol-
lows after such sharp upward move
ment that there is sliding off, due to
heavy marketing. big run Is looked
for, and unless the demand shows fur
Their Improvement buyers should get
something off from the present high
basis. Still. even If they do chop off
a quarter here and there. sellers figure
that they will have to put 1T on again
later this month.
Hogs.
Despite the discouraging conditions
OF the market, 1t was estimated that
hog arrivals today amounted to $4,000
head, and prices We're still further de-
pressed, the loss being from to 10
cents
Quality has shown considerable i'm
provement, the run carrying a large
barrows of the new crop. narrowing
the market spread perceptibly and sea-
sonably.
The run has been enormous and con-
sidering the volume Of the movement
the market has held up well. Local
receipts are approximately $4,000, or
$4,000 more than the week before.
while the January run to Saturday was
12S,000 more than Il year ago. Figuring
the entire west, all previous records
have been broken, the outfowing OF
hogs having been phenomenal at all
points. The six principal markets re-
port 674O0O against $4,000 last week
and 423,O0O year ago, and figuring
Fort Worth, ST. Paul, and Milwaukee
the 100000 mark has. been left behind.
1t is probable that a million hogs have
been marketed, west and east. during
the week. Shipping demand has been
good. taking about $4,000 hogs and
propping up the market considerably.
Sheep.
Those marketing sheep found en-
enlargement in the demand. quotations
advancing 10 cents for some grades.
The advance has infused consider
able confidence in holding circles.
With finished lambs selling above Z
cents and sheep above cents the
feeder has assurance that he will be
recouped what the stuff cost him and
is more disposed to take a chance on
getting profit. Buffalo is getting
heavy Monday runs right along. but
they cannot last forever. as neither
Michigan nor Ohio has much western
stuff on feed and few secondhand
lambs are going in. In the west there
is no sign of a heavy prospective
supply Big feed lots around Chicago
are bare and the Minnesota field is in
similar condition. Missouri and Iowa
have liquidated and Kansas and Ne
braska have been dumping stuff In a
manner calculated to ground the belief
that little is still back in those states.
1t ought to be IN cent market for
choice, lambs with So cents the com
mon price for good sheep right along.