Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-01-11
Receipts Too Heavy to Maintain
Price Level Which Was
Established Saturday
HOG MARKET CLOSES LOWER
Early Buying Confined to Spectators
Shippers Put in a Few Orders, But
Packers Did Practically Nothing
Run Moderate in Sheep, and Trading
Was Late in Starting.

\
were too heavy to maintain price at the
level of Saturday, and values declined
10@25c at the close. The cold weather
delayed the arrival of trains, and buy
ers did not start operations until late
in the day. Cow stuff was In liberal
supply.
| The discrimination of buyers against
| the well-tinished kinds In favor of the
cheaper grade killers is looked upon
generally as Offering rather poor en-
couragement to feeders to finish their
holdings on high-priced corn. Export
demands for heavy steers have been
small of late, and sellers are thus at
forded little relief from the apathetic
demand from local packers and ship
pers and experienced difficulty in get
ting rid Of the Dig weight steers each
day.
Hogs.
Hogs closed 1O@15c lower, on liberal
receipts. Early buying was confined to
spectators. Shippers executed a few
orders, but packers did practically
nothing Light hogs especially, We're
slow and weak.
Shipping demand has not been as
urgent as earlier and everybody on the
buying side appears confident of heavy
runs this week. The recent sharp adj
vance, coupled with cold weather, are
factors, calculated to incite shipping.
The country market went to a SIC
basis Friday and that has been touted
right along as the one thing necessary
ITO start run. Last weeks supply,
while $4,000 less than a year ago, is
81, 900 more. than last week, the good
market being explained by the fact
that in five days shippers have taken
over 10000 hogs. a much larger pro-
portion than a year ago.
The fact that packers are not making
hedging sales of hog product indicates
that they regard provisions as good
property and ought to encourage the
hog grower. Investment demand for
all kinds of hog product is strong and
with packers offering little orders are
hard to fill. Consumptive demand for
fresh pork is asserting itself seasonably
owing to the high price of beef and
mutton and the additional fact that the
public has tired of poultry.
Sheep.
Sheep were steady. The run was
mod moderate, and trade was late in
starting
Receipts are gradually turning to
westerns, there being more westerns
last week on sale than any week this
year and from now receipts will run
largely to westerns. Traders hope quail
ity will improve, as great many
lambs are coming that are hardly fit
10 kill, but the packers have to take
them and shut out the feeder buyer
who should be buying some of them
even at the high prices
Feeder demand continues good with
practically nothing on sale. 1t is pretty
safe to say that not over three or four
loads were taken out last week
for feeding account. Feeders have
shown about the same advance as fat
stuff, some choice feeding lambs sell
ing as high as 6a. cents A great many
people in the trade are wondering if
this rapid advance will bring a flood
of stuff here this week
Sheep and lamb trade, especially the
lamb feature of it. has gone to a high
level for the Writer and feeders who
have not liquidat,ed will have profit
able season. Practically everything
marketed since the December rise has
made good money and those who fed
out are complimenting themselves.