Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-02-08
Early Shippers Bought at Adj
vance, But Packers Refused
to Follow Example
HOG VALUES FORCED LOWER
Packers Responsible for Decline in the
Market, After Shippers and scapers
Had Satisfied Their Wants-sheep
and Lambs Both Break at 1925,
Trade Being Slow.

Chicago. Feb. S.-Cattle-The shov
of strength at the opening was super
induced by moderate run, but all TIL
gain was lost before the close. Earl.
vance of ten, but packers would no
follow their example, which broush
about concessions on the part of sci.
lers. Trade was inactive, and the mar.
ket was weak at the close, except fol
butchers. which finished steady.
| Indications are not very favorable
| for this week. Buyers admit that
there will not be strong demand Cor
anything till the weather gets colder
or the supply is reduced. AT any rate.
they will not be likely to fill up their
coolers till they can see more day
light ahead. Shippers bought lightly
all last week and the condition Of he
beef trade seems to be worse In the
east than lit is here.
Top for cattle last week was s7.15,
with the bulk of the good shipping
grades at s6.40I6.75, and most of the
light and medium killers at s5.25 G6,
Light weight steers, even the short fed
kind, were easier to sell than the bet
ter grades that were heavy. A strong
discrimination has been shown lately
against the big fat cattle. Exporters
bought at s5.75 6630, but took com
paratively few cattle.
Hogs.
Shippers and scalpers bought early,
at prices which compared favorably
with those of Saturday, but when their
wants were satisfied packers sue
ceeded in forcing values 500 lower.
Shippers took about 10000 hogs last
week, against $4,000 the previous week,
and demand from that source is max
ing the market. Supply has been heavy,
practically $4,000 more than the previ-
Gus week. and but slightly less than
a year ago. Receipts since Jan. / are
295,000 less than last year. The big
run last week is due to the fact that
country buyers got busy on the bulge
during the storm in consequence Of
which they are nursing redeyed re-
greet. The five principal western mar
kets report about 100000, against SOL
900 the previous week and 1900 a
supply is 100000 less than last year.
On the corresponding day last year
$4.52h was the summit, and $4,000
AS took the bulk Two years ago tho
top was 1920, and $7.05@7.15 bought
the bulk.
The season is here when buying hogs
in the country is unusually dangerous,
owing to a widely f1uctuating market,
and following advances at Chicago is
being against the operator.
Prediction of a gargling shortage in
hog product bids fair to revel in
Not only were January
receipts of hogs in the west nearly
100000 less than last year, but weights
were woefully deficient. The $4,000
hogs that reached Chicago weighed
but 165,S51,000 pounds according to
the official figures, against 219,OS5,o00
year. AS shippers bought a much
larger proportion Of the crop than a
year ago, when eastern markets were
filed, the product that went into pack
ars' cellars was insufficient to justify
the claim that stocks are piling up.
Sheep.
Both sheep and lambs broke 1925.
Trade was slow, and demand was very
tame. Eastern markets were reported
to be we'll filled up, and there was no
outlet for holders, except thru packers
the latter insisting on reductions in
prices.