Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-10-12
NO CHOICE coRN-FEp STEERS
OFFERED, RECEIPTS BEING
RANGE STUFF.
PACKERS FORCE HOG PRICES
DOWN 1oc IN LATE SESSION
Refused to Bid at Opening Prices and
Sellers Were Compelled to Take
What They Could Get-Prime Hogs
Top Market at 1910 - Sheep and
Lambs Steady.

SilSdSo, OCt. LII ne cattle market
held about steady, western steers SELL
ing at $685. for the best offerings, and
distillery steers at s6.75. No choice
corn-fed natives We're offered. Demand
for steers had no especial activity. Re
ceipts were largely of range stuff and
this grade was held steady. There was
good demand for feeding cattle at
strong values.
The fact that Mondays arrivals did
not again run UP to a big volume we'll
indicated the sentiment in the corn
belt with reference to the stability Of
demand at present prices. The high rise
in values two weeks ago forced a big
run last week Monday and a reaction,
but the upturn later last week failed to
have the same effect yesterday. The
killers are showing their need of liber-
al beef supplies by strong support Of
the market and the country appears -
have become cognizant of the fact that
this isn't q good time to liquidate short
fed and warmed up steers.
Hogs.
Hogs opened with show of strength
and the trade had early visions of a
good market. which We're quickly dis
sipated when packers refused to bid
at steady prices. Shipping demand was
small. and after the scalpers We're thru
with their opera tons there was little
for the sellers 10 do but accept the
terms of the big killers, whose bids
generally We're about 10 cents lower.
Prime hogs sold at $50, the extreme
top.
1t is evident that packers do not like
the idea of entering the new packing
season with hogs close to 49, At the
same time supplies of product are un-
usually low and consumption is large.
Stocks of cut meats in the west OcI.
1 were 1922 900 pounds, a decrease in
September of 61.0o0.0O0 pounds COM
pared with a reduction last year of r.
100000 pounds, and supplies are A.
100000 pounds less than last year. Sup
plies of lard in the west We're only 81
600 tierces, or $4,000 tierces less than
a month ago. compared with 1860
tierces last year.
Shipments of meats last weak were
1o,595,0o0 pounds, against 16.254.Oon
pounds last year. and of lard they were
6.607,000 pounds, or 1,246,000 pounds
less than last year.
Last weeks supply here was 42.SO3
less than year ago. but shippers took
mere handful, 6,40S, to be accurate.
October receipts to date are $4,000 less
than a year ago. while shippers have
taken $500 less. There is obvious lack
of support at present and it will con-
tinue that way as long as eastern
orders are light, a condition that IS
logical while the east is dumping its
crop of light hogs into the market
hopper.
A year ago quality was VIGOROUSLY
poor owing to the presence of pigs
and light stuff in the run. The top
was $40. decline Of 65 cents in a
week. Seventy-five per cent of tn
mixed packing stuff sold at $685.
$500. Armour got in around s595. Ta,.
Morris drove of good mixed cost
$685.. There was a lot of 41sM5la-
cent pig-mixed and light-light stuff in
the run.
The average weight of hogs received
at Chicago last week was 22S pounds.
against 232 the previous week and 21o
year ago.