Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-10-22
CATTLE STEADY AT PREVAILING
PRICES, OFFERINGS BEING
LIGHT.
ONLY ONE CHOICE LOAD,
FOR WHICH ss.75 WAS BID
Hogs Open Weak But Closed Stronger
With Loss of Only cents-Top
Was s7.e5-sheep and Lambs With.
out Price chanse-current Quota
tons.

and prices practically unchanged to-
day. On the week steers were off so to
Is cents for the bulk. Receipts today
were light, only one load being offered
that had choice quality, and for this
lot buyers offered as high as 1915
early.
The situation is vastly different in
the market for IS and higher steers
than further down the price range. This
week there has been an excessive sup
ply of all but the choice steers, and
even these have gone lower by reason
OF the general bearish pressure exerted
in the market for the kinds ranking
next lowest. Weight and choice to
prime quality are factors which COM
mand respect from the killers, but 1t is
the other kinds the lower priced ones
with Which most of the traders have
become familiar
The trade has been so irregular for
the past two weeks that both the buv-
ers and sellers have agreed that they
We're unable to tell within soc per cwt.
just what a drove of plain or good
steers was really worth upon the mar
ket The experiences of sellers in this
though the situation is not one of mrth
as viewed by the consignor Sellers
have often asked ss.0o@675 for steers
long while and finally cash them at 75c
reduction from first figures demanded
of the buyers.
In the $4,000 500 steer trade, and also
up to Sc the situation is akin to panic
as regards the prices now current
against two weeks ago. Decent light
grasst killers, not possessing quality
enough to suit feeder buyers. have had
to go at $3.50, and pretty f1eshy class
around So. while the kinds at $500 6
show evidence of having had corn, and
it was high-priced corn, too. in con-
sideration Of the selling price Of the
steers.
Once liquidation from short pasture
and tight corncrib sections ceases h are
should be little steadier situation in
the marlSt, but it is evident that killers
are going TO put in their best ticks to
force the market down as long as big
runs afford them this advantage. 1t IS
their heyday for filling coolers with
cheap beef for use in later weeks his
season. and they are getting it cheap
enough to make carrying charges ap-
pear rather small as compared with
a few weeks ago.
| Hogs.
Hogs closed better than the first
sales indicated, and on the average the
decline was only about cents. tho
ilight and mixed were generally off
about 10 cents from yesterdays best.
Top Was 1896.
with October lard selling at s1245
and the cash still at premium over
this. the situation in provisions is ex-
ceptionally strong said d specialist
November lard is 521la cents under the
/ October and January s21a cents under
the November, with nothing in sight t
relieve the tight conditions. Lart
stocks in every position in the world
are phenomenally small. in Chicago
there are only about 1900 ties, while
supplies in Europe and afloat are the
smallest in years The situation il
fats Is remarkable. Oleostearine i!
selling at 20 cents pound, the highes
in many years, While compound lart
has advanced 21a cents pound. Cot
tonseed is high and will doubtless con
tinue high thruout the year. The hos
movement continues light and for tn
season to date the hog run is 10000 Oo
short of year ago. Moreover Their
is no indication that the movement will
increase to normal proportions for sew
eral months. Hog raising is not We
on a normal basis. With January prod
uct at present prices it would seem t
suggest that prevailing discounts ar
, large"
Sheep.
Sheep and lambs were without pric
, change. Demand was fair.