Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-01-23
Receipts We're Very Small, To
day, and Market Was Nom
inally Steady
HOGS BROUGHT WEAK PRICES
That Market Was Slow, and Demand
From All Quarters Was of a Tame
Character Decline Of Five From
Previous Days Best Prices - Sheep
Prices NominalIy Steady.

Chicago, Jan. 23.-Cattle are nomin-
ally steady. Only 600 arrived, and
there was no inquiry.
The market is closing the week on a
basis largely 25@35c lower than week
ago. tho some of the strictly good
heavy steers, due to a firming up in de-
mand for such since Wednesday, show
hardly more than 15c decline, and buy
ers claimed there were sales of lower
priced grades Friday which were hard
ly more than 15@25c off from a week
ago. Reasons for the sharp decline in
prices have been plainly apparent in
the excessive marketings of $500 this
week, which has been far above the
needs of the slaughterers. and the low
price basis now current stands as poor
inducement for liberal shipping for
next week. Several thousand stale cat
tie are being held for the Monday
market and sellers were today urging
the country by mail to hold off big
fresh receipts, since repetition of late
big runs can only effect further price
drops.
Glasses which have been hardest hit
this week were the kinds which last
week sold at S5.50@6.25. OF late a
goodly share Of these grades sold at
IS q 4Oc. reduction from last week and
some of the sellers cited as much as
early last Monday, when on a squirt in
shipping demand sales were strong to
1Nc higher than late last week.
Hogs.
Hogs closed slow and weak and de-
mand from all quarters was tame.
The week-e end run was not as heavy
as expected and there We're indications
that the country is disposed to repress
the disposition to ship on declines such
as have been registered recently. The
five-day supply was about $4,000, or
5000 less than last week, and $4,000
less than a year ago. Shippers have
not taken as many hogs as last week
by 5000, but demand from that source
is still price making factor.
Hogs have moved nfarketward in
considerable volume this week, but
packers are buying them for the rea-
son that there is no certainty of con-
tinuance of the run, and packers are
buying the stuff in a manner calcu-
lated to confirm the impression that
they hold this opinion. Supply is so
much lighter than year ago that
there is good reason to believe that
the price is an attraction. A year ago
the country market was on a 3Ac
country basis, while a lot of hogs have
reacher Chicago this week that cost
&c at interior loading points, Antici-
pating curtailment of supply, fearful
of the early arrival of the &c hog and
confronting an insistent fresh meat
demand packers are resorting to the
expedient of putting loins in cold stor-
age. The size hog resisted efface-
ment successfully yesterday in spite of
Ia heavy run and the first period of
short supply will make the &c hog
look like an early arrival
Sheep.
The meagre offerings were not
Sought after, and prices We're nominally
steady.
Most traders consider prices gener-
ally 25@35c lower than a week ago.
Some buyers, however, claim that kill
ing sheets do not show that much de-
cline. 1t Was an unsatisfactory market
on most days, owing to small outside
competition.