Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-10-09
CATTLE MARKET RECEIVERS
FROM SLUMP AND coNDl-
TIoNs MUCH IMPROVED.
STEERS SHOW
GREATEST ADVANCE OF WEEK
Hogs Sell Up Cents for Bulk of Of
ferinss-Packers Good Supporters of
the Market But Shipping Demand is
Lackins-sheep and Lambs Hard
Hit During Week.

Chicago, Oct. 9.-Cattle were nomi-
nally steady, no fresh receipts of any
Importance having been shown. Steers
ruled active the greater part of the
week and recoveries from the slump OF
Monday have put cattle back to last
weeks levels, while tops for week
(s.S0) were the highest of the year and
the best since 1902. Western steers
have advanced 15d25 cents and new
record has been secured. with fancy
stuff at $50 Native butcher cattle
made slight gains and the entire cattle
market is in better condition.
Conditions this week have been al
most a repetition of events a week ago.
The market for good to choice native
steers has fully recovered the Monday
decline. and also a good many of the
medium classes have sold since We'd
nesday al levels about as good a.
noted late last week. However. not all
the mediums recovered the decline and
also while there has been a little better
market for common and plain grassers
and short-fed natives. these, 100. are
hardly as high as a week ago. a cool
share of the steers selling of late under
$3.50. being quoted about 10 cents off
from last weeks finish.
On the other hand, choice to prime
grades where changed from a week ago
are higher. The highest prices since
1902 have been established for steers of
value up from s1.75. The tops at $3.50
this week Went within 90 cents of the
highest point reached on the open mar
ket in twenty-seven years. Still the
proportion of strictly prime beeves
among marketings has not been partic-
OF the best kinds here this week. and
have been in the past three weeks than
many of the traders who had canvassed
the situation over the corn belt believed
were available.
Scarcity has thus not been much
more of factor in establishing high
prices than was the urgent demand for
PRIME beeves There has been an un-
usually keen local as we'll as eastern
demand for finished classes. and buy
ers run the prices up accordingly. Tops
this week made a 80 cent jump on pre-
vious high point this year. 1t was keen
competition that did this rather than
general price boost of that much.
just what will be the limit for tops
is now a matter of conjecture Awhile
back SO prognosticators were looked
upon as little 100 erratic, but since
the tops have got within a few notcnes
| of that figure the trade now expecfs
! IS to be realized, altho a sudden shut
ting off of keen consumptive demand
for prime beef would have as much Of
price cutting effect in this line as
would a general slump in the demand
for the medium to good grades. The
consumers are now paying top-notch
prices all along the line. but returning
pros perity OYER the country admits oil
the high prices prevailing and thus the
much over prospects.
Hogs.
Demand for hogs was more active
on light run and the price for th'
bulk was forced up about 5 cents OF
an average Packers were good sup
porters of the market at the advance
tho only a few shipping orders wer'
noted Top was sS.15, against $50 tn
previous day
"The present provision situation il
a very peculiar ono and while it
possibilities are great it Is hard Z
prognosticate its future course" salt
a specialist. Stocks, local and west
ern points. are exceedingly light 70
this time of the year and packers ar
marketing everything they have il
their cellars as fast as it is cured. TIL
jobber and the distributor are work
ing on hand to mouth basis all owe
the world, as they have been all yeal
and they should be in the market O
a large scale later in the month o.
the other hand, prices are high com
pared TO former years and the las
few days the hog runs In the south
west, particularly at Kansas City, lav
shown some increase. compared to pre-
vious weeks Packers have taken ad
vantage of this and have broken price
for live hogs somewhat and cause
!. the selling out of considerable Januar
and May product"
Sheep.
Lambs suffered declines thru heav
receipts and sheep also have been h
hard, the market for aged muttons be
ing particularly slow. Feeding mutton
were strong at last weeks close.
! Chicago Livestock.