Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-05-03
QUOTATIONS GENERALLY BET
TER WITH BUTCHER STOCK
STRONG TO TEN HIGHER.
HIGHEST FIGURES OF DAY
IN HOGS WAS $40
Prices Worked to Fully Steady Levels,
After Market opetned With Weak
enins Tendency-Lambs Ten to
Twenty five Higher, and Sheep Sell
Ton to Fifteen Above Finish Last
Week.

Chicago, May Seattle receipts to-
day were only 10000, 5000 short Of
what had been expected. All sales
transacted early showed decided
strength. When the market was we'll
under way, quotations generally were
1o@15 cents higher. Butcher stock
looked strong to dime better, and in
dications were for an early clean up
Top steers made $7.15.
Judging from the actions of buyers
lately it is evident that there is door
open somewhere and the demand for
beef has increased. Eastern buyers
have taken much more interest in the
market and on several occasions re-
Gently were eager to buy everything
In sight that was good enough. Local
packers who. for months have been
extremely bearish, came out Of their
stupor and bought with more activity,
causing a decided boom in the trade,
the first it has enjoyed for several
weeks. Whether this is going to last
or not is question, but the impress
sion is that the demand will be a lit
tie broader if it is true that the in
dustrial conditions have improved.
Many bullish letters were sent out last
week, tho about all finished with
word of caution about getting too
many cattle here today. 1t is generally
believed if the receipts can be held
down for while, that prices will re-
cover the recent loss.
Hogs.
The market opened with weakening
tendency. Eastern demand was not
broad at the outset. Some shippers took
several loads out at a nickel lower
prices, and scalpers were wary. refus-
ing TO take hold unless they could Sc
cure concession on what they bought
After a weak spot in the trade, that en-
lured for time, the market began to
revive its strength, and with more life
to demand for local traders, prices
gradually worked to fully steady lev
els. The great bulk of prime hogs sold
around s7.35, but one load went to a
speculator at $40, the highest figure
of the day.
1t is much higher market now
than a year ago when top hogs ranged
from 1886 to $3.50, and s5.60@5.75
bought the bulk.
Packers are continually exploiting
losses of so cents to 81 per head on
hogs, but this statement may be taken
with the proverbial grain of salt Ger
tain 1t is that city butchers who buy
500 to 1900 hogs weekly are not in
business for the purpose of losing mon
ey and could not stand a drain on their
cash resources for any length of time.
Hogs are making money for killers
or they would not buy them. Every
light supply finds them short of their
orders and their constant concern is
the securing of sufficient number of
hogs to take care of their fresh meat
trade.
Sheep.
Offerings of live muttons today were
light sellers asked 1925 cents high
er on all stuff offered. Prime lambs
ruled 1O@25 cents higher, and sheep
sold 10@15 cents above the finish last
week. Best lambs reached the $500
mark.
With no heavy supply on the 1lori-
zon, still higher prices are expected
for sheep, Scent shorn lambs being
regarded as certain, nearby feed lots
are almost bare and less than 100 car
1 lodQS ttIc lJdCh III NOlCIdQO. HGS6
will be strung out during the next six
weeks.
The wool situation is very strong,
and figuring the value of pelts, wool
lambs are better worth current prices
than the money they were fetching a
year ago when $3.50 bought good COL
orado lambs.
A year ago Texas sheep were NOV.
ing marketward freely and were fat.
They were selling at s5.30@5.35.
Lambs were considerably lower than
now, 1856 taking the best "collies,'
with the bulk at $7.30@75o. few
export sheep sold at s6, but it was
largely at s5.25@5.5o market. Two
years ago Colorado lambs were worth
sS.50@S.70. and shorn lambs s7@
7.40. Sheep were selling around s6.
april receipts are 27o,005, or 5,ls7
less than last year. Shipments were
54,o24, or 1912 less than last year
the difference being due to a ligh,
movement of feeders.