Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-14
foNLY A FEW LOTS OF BUTCHER
STUFF WERE SOLD AT STEADY
PRICES.
HOG MARKET VALUES
CLOSE SLIGHTLY STRONGER
Packers Unwilling to Pay Prices That
Sellers Were Asking at the start, But
Later, Shipping Demand Broadened,
and Market Became Active - Sheep
Prices Steady.

Chicago, May 14.-Cattle trade was
little more than nominal, as only 700
were received. No steers of choice quail
ity We're among them. A few lots of
butcher stuff went at steady prices.
Light supply this week, following
continued high markets last week, has
we'll indicated the sentiment country
wards. There Is not the anxiety felt
over future prospects which was noted
few weeks ago The country has gone
to planting corn this week, resting
content that the killers were not going
to force cattle prices much lower, Con-
tidence in the stability of the demand,
encouraged right along by the better
industrial conditions in the east, has
done much to bolster up the steer mar
ket, and from little showing of weak
ness noted at the start this week the
demand has developed strength until
the little decline registered in certain
quarters of the trade at the start Of
the week has been more than recov-
cred. General values are on a basis
largely 10 cents higher all around as
compared with Monday, the market
showing a range firm to 10 cents high
er than last weeks closing.
Marketing has been moderate all
around the circuit the western points
receiving a light volume of cattle,
doubtless, too, because the corn plant
ers are busy and not worrying much
over the cattle situation. With the corn
all planted and doing nicely few
weeks ahead, the cattle market may be
more literally patronized, but the
trade is not expectant of any very
heavy runs in the next ten days, and
strength in cattle prices this week is
not likely to be very badly upset
Exporters have been rather small
buyers this week, but the market has
not required any very broad demand
from this quarter to hold the prices
at good level. Shippers have given
the trade good support all week. the
improved conditions in the east Afford
ing more ready outlet for beef while
in the local quarters moderate con-
sumptive demand has also stimulated
reasonably keen buying interest among
the packers.
Hogs.
Hogs We're sent back again, to the
levels that obtained early yester-
day. The early activity today was
chiefly the result Of shippers and scalp
ers' buying. Packers were unwilling to
pay the price that sellers were asking
at the start, consequently there was
but little trading within the first hour
Shipping demand broadened, and the
market became quite active, offerings
being well cleaned up, at slightly
stronger values than at the opening.
Altho current supply is considerably
lighter than a year ago, the fact must
not be overlooked that at that time
stuff was being piled into all markets
in large quantities. During the first
four days of the corresponding week
of 1908 about 100000 hogs reached the
five principal western markets, against
100000 this week. At that time hogs
had been held back to nurse the mar
ket, while the policy of the growers
this season has been to market the
crop closely.
Sheep.
While there was no urgent demand.
prices held steady.
The jolt given prices this week is re-
garded by some as the beginning of
term OF lower prices. The little fed
stuff still in feeders hands will nat
urally realize good money, but when
ever prices soar to such lofty height
the country can be depended upon to
do considerable scratching and that
process always delivers a lot of stuff
at the market. The advance guard has
been in evidence this week and more
Of it is on the way. This native stock
can not be expected to realize the
prices at which high dressing westerns
have been appraised, and shippers ac-
curing it on that basis will not be sat-
isfied with marketing results.