Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-01-06
ALrho SELLERS WERE QUOTING
STEADY PRICES THEY WERE
LARGELY NOMINAL.
HOGS OPENED WEAKER,
MARKET LACKING SUPPORT
Trade Was Surprised Later, However,
BY Active Demand From Packers.
But Values Rose No Higher Than
Those Of Thursday-Sheep and
Lambs Were Unchanged.

Chicago, Jan. 6-Demand for cattle
sellers were quoting steady prices, the
quota tons were largely nominal. The
quality of offerings was poor.
The manner in which railroads make
deliveries works distinctly TO the DIS
advantage Of the selling side. as esti-
mates are invariably in excess of ac-
luaI receipts.
The swell in the estimate after early
rounds on Wednesday was responsible
FOR the price break in the late session
hat day, and when the sellers found
Thurs ay that actual Wednesday re-
ceipts ran up TO only 1902 there was
general disgust with the action Of the
late Wednesday trade; but buyers,
having had the advantage OF things
peha vior, and the result was that the
market showed further weak spots. al
tho the supply situation hardly called
for any such performance.
Railroads did another discreditab1e
hauling stunt Thursday. One line
which landed train AT Blue Island. ten
miles south of the yards. at a. m. did
not ger it 10 the chutes until long af-
ter 10 O'Clock. which called for lot Of
harsh criticism from sellers and the
consig2ors. who We're warming their
snins in the commission offices while
the hest demand OF the day was being
filed and their cattle were not here 20
ger the benefit of it. Other roads did
equally as bad, with the result that a
considerable amount OF stuff was not in
.he yards up to II o'clock, and by that
time most of the orders had been fill
ed and the market thereafter was one
Of the worst peddling affairs in weeks
past, sellers being called up to do some
tall hustiing to effect decent clearance.
even tho they recognized the Inevitable
and granted generous price concessions
Hogs.
Hogs opened weaker. and the market
gen orally lacked support. Later the
trade was surprised by an active de-
ma1d from packers and, while values
rose no higher than those Of Thursday.
there was an active market for stun
still to be seld
New year prices in hog trade are
largely 81 higher than many had ex-
pected would prevail in the initial
week Of 1911. Only a few weeks back,
when market was broken to an aver
age below 81, there were many who
locked for further recession of values.
But they reckoned without the grower
He has held on resolutely, feeding the
cheaper priced corn with the firm de-
termination to make weight as long az
market situation afforded a profit in
doing so.
n nf ~ 80 {~S,<
and immature stuff being dumped onto
the market, supplies are running below
expected volume, hut high in quality
Meanwhile a good consumptive de-
n1and has been ever present, the pack
ers and eastern shippers keenly bid
ding for the crop The market has had
stead an undercurrent Of bullishness
has shown itself, with gratifying re-
suits to the growers.
Killers are still holding out hopes
of breaking prices at least a little be-
low IS. but it's hard job to bear a
market which has all the earnarks Of
bull affair especially when the coun-
try is content to convert corn into pork
about as fast as the porcine stuff can
engineer this process.
Sneep.
Sheep and lambs were unchanged
from yesterday.
The cold weather has been a help
FIJI factor in the trade this week, per-
hitting the scoring Of 15@2o-cent
advance over the closing basis last
week on lambs and yearlings and 100
15-cent gains on much Of the matured
mutton supply. altho some OF the eve
stuff and some coarse heavy sheep did
1sot show the advance. Packers are
loaih to concede that any material
improvement has as yet been effected
in the eastern dressed mutton situa-
ton, but the more active manner In
which they have gone to increased
r,arketings is at least indicative Of
prospective, II not actual betterment
OF conditions. However. killers assert
that dressed markets at present do not
justify the paying of current values for
the live stuff, and under such condi-
tons liberal supplies could only have
the effect Of lowering values.