Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-02-03
STRENGTH WAS RESULT OF &C.
rivITY BY scALPERs AND
SHIPPERS.
PACKERS WERE NOT IN
UNTIL LATE IN SESSION
More Strength Shown in Cattle Mar
ket in Face Of Light Run-Goed to
Prime Beeves s6.25 to s6.75-SheeP
Again Showed Activity, Market
Strong For Best Grades.

Chicago, Feb. 8. = Hogs showed
strength today. gaining "a 10 cents at
the opening. with spots Of j 5 cents ad-
an es, but the gains nere l. resul; OF
ne activity OF scalpers and shippers,
packers no, being in the early trade.
Packers corsrrue quality as bearish.
Their contention is that hogs were held
back in January as they were maxim z
good gains ANA that February vii! Wit
ness a swelling movement. Renters
logs usually come this month and
there will naturally be indispostion to
carry marketable stuff into the sea son
Of bad roads and preparation for seed
ing
Provision spectators made the point
that should the price OF hogs decline
mach more the country would stop
selling and as there is but little long
stuff in the market they advocated
working the long side for good adj
vance.
In fac: OF a light run more strength
Vas shown n the cattle market buye-c
haing IN the alleys early. Coco -
rhine oeeves were quoted at s6.s5Gl
IS
Prices are knocking right close at
the bottom levels of the winter season.
Some of the traders still cal! the good
70 choice big weights about Is cents
above low spot in Decern Der. but opin-
ION is varied and many agree that
present quality Of stuff considered. II is
selling at low point right now.
Reason fo- the decline is not hard TO
find. Beef market has been bad for
.wo weeks pas, and the killers give on
this account decline is logical. Feeders
have been wont to liQuidate the strong
weight stuff too freely and since a big
proportion OF general receipts has Of
late comprised this class, they are suf-
fered TO go at prices relatively far be-
low those paid for the Light warmed-up
stuff.
For the four days this week run
stands at 611oo, q cut OF 400 under .
week ago. while shippers have taken
23.4o0, a supply 400 under a week ago,
evidence that conditions east are as
bad as claimed Supply stands against
42,7s1 a year ago and volume about
at this total doubtless would have SUI
feed 70 III actual demands this week.
What viii happen next Monday I'M
der repetition OF last Mondays run or
anything like II can easily be imagined.
The sellers say It will be a case OF
taking most any old kind OF a bid and
buyers are not much more cheerful in
heir forecasts. The situation is such
that 1t is cheaper by far to hold the
stuff Off the market and give demand
a chance TO catch up-at least this is
ne only policy which can be followed
with assurance Of getting anything like
decent prices for next two weeks.
In consequence of the slump since
the high Thursday Of three weeks ago
he price list has been literally torn
70 pieces. While cheap stuff is selling
sbove the low point OF December. good
cattle are humping around on bottom
ror the winter season. On the bulk It
Is 5oI6o cents lower market than the
January high spot.
Sheep.
Lambs again showed activity buyers
being on the market for what was Of
tered. Colorado lambs sod at $500
Sheep we're strong for the best grades
Receipts Of sheep at six western mar
kets Thursday totaled 10000, against
a7.7oo a week ago. 27.5o0 a year ago