Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-10-29
BEST PRICE OF THE DAY FOR
WESTERNS is 500, WHICH
is DROP.
PACKERS FAIL IN CAMPAIGN
TO LOWER HOG PRICES
If Slump Does Not Come Soon, Packers
VIII Go Thru Season With Prices at
Record High LeveI-Prime Hogs
Hover Around ss-sheep and Lambs
Slow.

Ohlcdgo, oct. CIV eStern steers
were scarce today. tho the supply was
even better than in the native division.
The best figure for range steers was
500, WHICH looked lower than yester-
days figures. Prime native steers are
higher on the week price range, today
being sS@91O
Killers discrimination in favor of
high quality and strong weight has
been plainly indicated in the market
each day this week. While the general
list went higher Monday. advances of
l0G 30 cents being noted over last
weeks closing. with the bulk of sales
at 1895 cents gain, the medium and
palmer grades have gone back in value
since. in face of continued firm prices
for finished steers. some even a little
higher on Wednesday, Thus net results
for the week have been a strong and
higher market on the one hand and
slow deal most days for the kinds lack
ing weight and finish. The latter are
not expected TO show much permanent
strength in value as long as westerns
are marketed in volume liberal enough
to prove very strong contenders for
killers favor. Later on the situation
may change. and mediums sell to bet
ter advantage, but the trade is facing
prospects of another rush 10 liquidate
half fat and Warmed-up steers soon,
altho ii is hoped that the up turn in
values early this week. most of which
has since been lost in the market for
kinds selling under 81. will not result
in an overloaded trade here at the
start next week. In this event further
declines for the $3.50. $3.50. Sc and 81
kinds will likely result.
Hogs.
Hogs were steady with better de-
mand for light stuff Packers seem to
be in position where, if hoped for in
crease in supplies does not come soon,
they will have to go thru the packing
season with hogs at one of the highest
price levels for that season in history.
Good 70 prime heavy are quoted $3.50
500 and good to choice light s7.65@ 80.
A provision expert predicts that
stocks of lard in Chicago and other
points will be practically nil Nov /,
and that small packers in Wisconsin
and Minnesota are selling their lard
as fast as they can manufacture it
] ~ lIleli ilosiS tidaS VII tiiS DdSiS VI
12a cents a pound. Ordinarily Eng
land and the continent buy from 40
600 to $4,000 ties lard before the holi-
days, but there will be no such guam
THY available this year.
| Weakness in October ribs the pasI
| few days is due to unloading by longs
who have overstayed their market and
found the cash demand disappointing
as the southern trade has fallen of
materially within a week. Spectators
who had the ribs expected an urgent
demand because Of the high prices fol
! cotton but. being disappointed in it
have unloaded. finding a very poorly
4 supported market. One of the bes
posted lard men says the trade need
not be surprised to see a whirl in Oc-
tober lard before the last of the month
He said. however, that it will be CT
very limited trading. Provision price:
are regarded as very high. but witt
January product on a basis of rs cent:
for hogs and with very limited stocks
the long futures of provisions are 10
expected to decline much.
Sheep.
Sheep and lambs We're slow. Thu
market for native lambs displayed
some lack of interest, and lack of aual
ity kept prices down to 1915.