Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-04
PRICES HIGHER ON INITIAL
SALES. THO BUYERS LATER
LOST SOME ENTHUSIASM.
KEEN COMPETITION FOR HOGS
AND PRICES WERE HIGHER
NEarIy Advances Of Five to Ten Main
tanned Till Great Bulk Of Hogs Were
soId-Lambs Reach New High Lew
ell of Values for the Year.

Chicago, May 4.-The run of cattle
oday was poor in quality, the great
bulk of offerings consisting of market
ings from nearby dairy points. How
ever, there was sufficient demand for
even the common class of butcher
stock to cause a stronger feeling in the
market, and prices were actually high
er on some initial sales. Later, buyers
lost some of their enthusiasm. There
was no necessity for reduction of
prices, and the general trade was quot
able at steady to strong.
Cattle trade has in the past few days
experienced sudden reversal of form.
A week ago the big run was a drug
at lowest prices of the season and yes
terday under a run of 5000 smaller
than came then, buyers were hungry
for cattle of all grades at price ad-
vances ranging from % to so cents
higher. the bulk of transactions show
ing =0G 80 cents gain.
Certain it is that the beef trade must
have experienced about as sudden form
reversal as in the steer market. All of
the killing interests. report much i'm
proved trade for beef. and this, coupled
with the conservatism shown in coun-
try markets, has been the price-boost-
ing factor in the market. And the high
er prices are here to stay. in the opin-
ion of the majority of traders
Reactions may follow in the market
later this week in event of any very
liberal receipts but the sellers are not
fearful Of heavy marketing since it
failed to materialize Monday, after
situation had developed in the trade
which ordinarily would have resulted
in a flooded market. 1t is becoming APP
parent that the country is willing to
buy corn and feed when the steer mar
ket is advancing at such a pace as in
the past week
Hogs.
Early activity was participated in
scalpers and these traders paid values
that looked five to ten higher. Regular
buyers came into the market late, and
as the competition between packers
was rather keen, early. the advances
were maintained till the great bulk of
hogs was sold. Packers did not hesitate
10 pay up to s7.45 for their prime
butchers.
Sheep.
With strong demand for stock, SELL
ers today found it no difficulty to
boost prices to higher levels. Packers,
however, displayed a reluctance to take
hold at the present high prices. Lambs
again struck new level of values for
the year, when prime sorts reached
1910 and clipped went to buyer at
s7.95 The market was strong to 10
cents higher, immature muttons show
ing a maximum advance.
1t is certain now that the lamb crop
will be late owing to backward spring
weather. In the east supply is light and
prices higher. Western advices ara to
the effect that but few Colorado lambs
are back and repetition of the high
prices paid two years ago is prophe-
sled, altho the present rise began ear
lier than in 1907. Southern lambs are
reported very backward
Sheep crossed the Scent line yes
terday, selling up to s615, while mixed
sheep and yearlings made $3.50 A
spread of sS.s5mS90 bought a lot of
wool lambs, and S760d775 a lot of
shorn stuff. A year ago s7.621s was the
top on wool lambs, 1925 7.40 buying
the bulk, with shorn lambs at s6.406
$50.