Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-03-22
LIGHTER RECEIPTS AFFECT Ev-
cry BRANCH OF TRADE
-cATTLE UNEVEN.
HOG MARKET CLOSES TEN
TO FIFTEEN CENTS HIGHER
Seven Dollar Hog Again in Evidence,
the Market Making Rapid Jumps
Gains Not so Sharp for Sheep Mar
ket, Some Sales Being Made Simply
at Strong Levels.

| Chicago. March 22.-ENery Dfahch Oh
of the livestock trade was favoraoiy
affected by lighter receipts Steers
We're 10M15c higher, tho the market
was uneven The best advance was
secured in the sorts of steers which
We're ~ hardest by declines last week
Medio0Aand common steers averaged
10c hieAef. Butcher grades made 10Gp
15c galDs
The weeks supply was approxi-
mately $4,000. against $1,000 the prev
ious week. and 53.20O year ago. 1t
was simply case of too many cattle
at time when outlet channels We're
congested and beef consumption cur
tailed by depressed industrial condi-
tons in the east and the fact that
when retailers marked up prices to
consumers recently people who eat
beef responded by eating less of 1t.
+ Hogs.
Hogs jumped rapidly. closing 100
15c higher, the 81 hog again coming
into evidence. Wool lambs were up
10M 15c, and in some cases csc.
Weight and quality in hogs are not
selling factors now Packers must be
long on lard and short on bacon judg~
ing by the manner in which some of
them are investing their money in 1S0
pound stuff One big Chicago house
has been buying nothing but bacon
weight for three weeks past. Eastern
shippers occasionally want a load of
good hogs, as butchers weighing $50
pounds or more are known, but they
buy twenty loads of light to one Of
heavy, and when the market has
struck down grade recently. heavy
packers have invariably got the big
end of the decline. Hogs weighing $50
to 200 pounds suit the bacon maker and
cut a very desirable loin. Indications
are that weight will be at discount
night along, as fresh meat demand is
making the market Such hogs as sold
at $690@6.95 on the high spot recent
~, ought TO have realized $40 If the
proper spread between them and ship
ping light selling at s6.75 $50 had been
preserved. Packers are neither en-
couraging growers to make hogs heavy
nor to market pigs, as anything below
$50 pounds is selling at a sharp dis
count and pigs have to carry weight
to get past the 6-cent line. The $50 to
now if choice hogs with weight We're
not so scarce.
Sheep.
Sheep didn't make as sharp gains,
and clipped stuff was not more than
loo higher, while some sales We're
made at simply strong levels
Owing to the fact that eastern mar
kets are lightly supplied, orders from
the east have more of a tendency to
come here than than at any time dur
ing the past month. which has pro-
duced the desired effect and forced the
market up 25@45c. The advance
applies to all classes of lambs, includ-
ing clips, prices of which were recent
ly lowered materially.
Packers had planned raid last
week, but shipping demand prevented
it. Trade opinion is optimistic for the
next 80 days at least However, the
market at present is very high, and
everything marketed is making the
feeder plenty of money. On the other
hand from now on traders think it
we'll to hold and make good unfinished
sheep and lambs.
Sheep show even more advance than
lambs; that is, clipped sheep. Wooded
sheep have not advanced so much as
clips. The supply of sheep has been
extremely light and while buyers are
fighting to hold sheep down, claiming
they are not making them any money,
yet it is evident there are not enough
sheep on feed to afford an opportunity
of buying them lower.