Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-01-16
CATTLE CLOSE WEAK.
Receipts Not Excessively Heavy,
But Steers and Butchers
Both Lower
HOG MARKET FIVE HIGHER
There Was Fairly Active Demand, and
Holders Were Extremely Bullish,
Asking Higher Prices Than Prevailed
Yesterday - Little Doing in Sheep
Market-sheep and Lambs Lower.

| Chicago, Jan. 16.-Cattle were nom
| inally steady. Altho receipts for the
week have not been excessively heavy
the market closes rather weak, with
der last Saturdays values. The feat
ure of trade has been the demand fol
low-priced steers. They have found a
ready outlet until within the last few
days.
The behavior of the market this
week was about the same as last week
More than half the weeks offerings
arrived the first day and buyers had
things their own way. There was a
fair inquiry from all directions. but
the big receipts favored the buying
side. On Monday the big run resulted
in a decline of 15@25c on the bulk
of the supply, plain heavy steers get
ting the worst of it. AS was the case
last week the market rallied a little
on Wednesday and statesmen had Wis
ions of getting back most of the loss,
but another bad slump arrived on
rather bad shape with prices gener-
of last week. Looks as if the packers
We're trying to make a one day market
out of it," said salesman, by max
ing the prices so bad late in the week
that country shippers will be driven
to the Monday market" Heavy steers
seem to be out Of date at the present
time. Light ones are preferred and
even if they are common they sell
with more satisfaction than the big
cattle. Buyers have shown DISPOSE
tion to take the cheap steers and have
Disseminated strongly against any
thing that went into big money.
Receipts for the week total 10000
against 10000 last week and $4,000 a
year ago. About $4,000 cattle would
have been plenty for the demand this
week and then it would have been nee
essary to have the distribution more
even. Prospects are not encouraging
for next week unless receipts are held
down to moderate proportions.
Hogs.
Hogs were sc higher. with fairly ac-,
tive demand. Holders were extremely
bullish, and asked much higher prices
than were obtained yesterday, but buy
ers were unwilling to coincide with
their views. This resulted in restrict
ing trade.
A theory advanced by packers that
the marketward movement is increas-
ing in volume looked logical when the
run at the principal western markets
is surveyed. Locally supply was slight
ly heavier than last week and the five
western markets had 5000 more, al
tho the five-day run is $4,000 less than
a year ago here and $4,000 less at the
five markets. Contributory to the bear
influence was a decreased shipping de-
,nand, that outlet having taken 10000
less hogs this week than last. altho
purchasing on that account is still
much heavier than a year ago.
Sheep.
Sheep were steady, with little do
ing. Lambs close 25@50 and sheep 20
@4Oc under last weeks prices.
Big sheep are selling to the least ad-
vantage because exporters cannot use
them and local killers recognize the
absurdity Of paying more money than
necessary, a characteristic trait. Con-
sidering all things, however, it has
been a rafting good market. Supply
is fairly liberal and current prices are
much higher than feeders expected
when they put in their stuff. The
weeks run will be close to 10000, AMI
it has been absorbed at gratifying!y
high prices when the fact is consid-
cred that both shipping and export
demand is lacking and that Buffalo is
persistently keeping below Chicago
prices. Eight-cent lambs make costly
product by the time it reaches the
consumer and he is justified in balk-
ing. Perhaps when Michigan gets rid
Of the surplus piled up during the
quarantine period eastern markets will
act better and shipping demand re-
vive Michigan shippers are still kick
ing themselves because they are an
able to reach the Chicago market and
feeders in Ohio within shouting dis
lance of Buffalo and Pittsburg are
hiking this way to get the benefit of
the comparatively much better market
here. But for a liberal weekend run
the high prices paid earlier in the
week would not have been disturbed.
The Illinois livestock commission is
adamantive in its determination not
to permit sheep or lambs from states
recently quarantined by the federal
government to come into Illinois, and
Michigan feeders might as well resign
themselves to exclusion from the Chi
cago market.
Chicago Livestock.
Chicago, Jan. 6.-Cattle-Estimate