Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-05-07
DAYS DECLINE OF is TO Is, EVEN
scALPERs FAILING TO SUP
PORT MARKET.
UNUSUAL LARGE SATURDAY
SUPPLY CAUSE OF SLUMP
Active Demand Puts Steers Back to
High Closing Prices Of Last Week,
Supply Not Being Heavy-Lambs
Selling at $3.50, Even 81 Under High
Point of Previous Week.

Chicago, May Hogs declined Is to
25 cents, even scalpers failing to sup
port the market. This was accounted
for by the unusually liberal supply for
Saturday. The latest top price was
s9.45.
Receipts for the week show a gain
Of 10000 over last week, but are still
remarkably light for this time OF the
wear and are $4,000 less than a year
ago. Packers are cutting their order
down to the lowest limit in the hope OF
stopping the upward flight Of the mar
ket. but nave been beaten at every
turn this week, except on Monday
when they took off such a big chunk
that 1t effectually checked the supply
from the country. Shippers mmedi
ately saw that a heavy contribution
would paralyze the trade. and that
only light offerings would brace the
market up. They quickly cut the sup
ply down so that since Monday the
runs have been very light.
Cattle.
Active demand put the price OF steers
back to last weeks closing prices. In
addition to the active demand the sup
ply was not very heavy.
Market had a a opening and a red
hot finish this week. The opening, now
ever, could have been better had tnere
been a more equitable distribution OF
supplies. Mondays big u OF 2o,ooo.
which was considerably In excess OF
demands. effected the poorest trade IN
weeks, but the fact that the can lot
beef still remains moderately soou'
where too much Of it is not onered IN
one day, was demonstrated Wednesday
and Thursday, when full recovery OF
the Monday decline, and more. too, IN
some cases, was brought about.
Receipts for the week total 4e,ooo
against 54,545 in five days last week
and 46,744 a year ago. This cut IN
supplies, of course, has been a strong
factor in bringing about reaction In the
prices, while a good shipping dsman
coupled with packers moderate needs
for beef. also was another strong inhu-
ence. All classes have caught the price
appreciation since Wednesday. but big
gest gains were the medium to good
grades which kinds were hardest hit
early in the week.
Altho the market has been. boosted
back to last weeks closing level there
is still a general decline of 1925 cents
in force compared with two weeks ago.
and the trade Toes not look upon the
situation as particularly encouraging to
continued strength in prices next week
unless the country takes the late price
up shoot conservatively and does not
overload next Mondays market. In the
event of a big Monday supply buyers
are very likely to eliminate price gains
made since Wednesday and begin oper-
ations on a low basis once more.
While there is a moderate demand
for beef at current prices, the trade can
handle only just SO much Of 1t, and at
any time killers are given the advan-
tage of getting their purchases lower
they are quick to grasp 1t. The big drop
early this week we'll indicated packers
position, and while there is a pretty
good inquiry from shippers the eastern
concerns also are in a mood to effect
lower prices, since they can find a
better market for beef when h cost is
lower.
Sheep.
Sheep and lambs were steady. The
close showed prime lambs selling at
$500, just 81 lower han the high point
of last week.