Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-12-17
SCORE ANOTHER ADVANCE AT
OPENING, FIGURES BEING
MARKED UP CENTS.
CATTLE REMAIN STEADY
AND HOLD RECENT GAINS
Prices Now is to IS Cents Above Low
Spot Sheep and Lambs Slow,
Choice Stuff Failing to Sell Well =
Best Price at $3.50 = Review of the
Markets.

Chicago, Dec Hogs opened
strong at an advance of about cents
over yesterdays figures A scalper
paid $50 for hogs early, but could not
| dispose of them at profit.
Expectancy exists that the present
run of hogs will not continue if pack
ers succeed in effecting declines, as
the country is not in the humor to
accept less money On the basis of
late prices shippers could not af-
ford to pay more than s7.50@7.75 at
interior points, according to distance
and this is likely 10 result in their
bids being rejected. Weights would
suggest that Very few hogs are actual
~ pressing on the market as few big
ones are showing up. On the other
hand. When prices are right. there is
every inducement IN let hogs go to
market as the risk incidental 10 hold
ing them on feed at present prices is
serious. Bears in the provision pit
ineorize that hogs have been held in
feed lots to put on weight, but scarcity
of heavy hogs and abundance of light
stuff at the marke. discredit this idea
While quality is good, weight is de-
eidedly lacking. There is, in fact. no
assurance of continued liberal receipts
at any time unless prices are well
maintained.
Regarding provisions. L. J. Schwa-
bacher says: The provision pit late
ly reminded the old trader of the early
eighty's, when the whole civilized
world was interested in the daily
fluctuations of the Chicago market
The outsider certainly has. been very
successful and has made large profits
by his foresight in buying January
and May product steadily ever since
Oct l. and. altho we are get
ting better runs of hogs the past few
days. the consumption is still up to
the production and the cellars are as
bare as they<were on November first.
We can not expect any good permanent
reaction until we can satisfy the hun
ger of the eating world. as stuff is all
eaten up fresh and nothing being ac-
cunlulated for future needs as we have
done in former winter seasons
Cattle.
Cattle were steady tho the market
was quiet. The late recovery yester-
day put the bulk of steers 1925 cents
above the recent low spot
Recent strength pointed the way to
better things next week in event that
the country does not again unload too
/ freely However, conditions over the
middle west are not improved much and
/ feeding is still conducted under many
4 disadvantages due to the muddy eondi-
ton of feed yards. This may result in
further liquidation of habitat and me-
dunn steers next week, in which event
another depression in values, eliminat-
( ing today's impro, ement, can only be
/ looked for.
4 $500, against 1857 week ago and
ss,153 a year ago. and it is apparent
| that despite the. badly demoralized
! state of affairs in the cattle trade thi:
week there is still broad demand 70,
beef; otherwise greatly larger num-
Der of steers would still be unsold thar
is the case today 1t has been gala
week for killers in that they got a bic
lot of cattle at a time when they need
ed them. but. due to the predicamen
in which feeders found themselves. the
! killers have got their purchases at q
very low price basis.
i Sheep. -
Sheep and lambs were slow. Ever
chonce stuff did not sell well and Il
was figured that $3.50 lambs today
which were 10 cents under the bes
mark of yesterday, were lower, ever
tho the sort was less.