Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-10-22
MARKET HAD GOOD TONE, WITH
GENERAL ADVANCES OF
TEN CENTS.
FEW OUTSIDE PRICES IS
ABOVE FRIDAYS LOW
Support BY Shippers and seaIpers at
Outset, Packers Holding Back But
Finally Buying at EARLY Advances
Cattle Nominally Unchanged, But No
distinguishing Doing in Sheep.

Chicago Oct. 22.-Hogs had a good
! tone this morning and while support
at the outset came from shippers and
scalpers, with packers holding back,
the latter finally came into the market
and bought at the early advances.
| Best hogs sold at $3.50, tho there were
rumors of a sale higher than this. me
general advance was 10 cents, but
! some mixed and heavy sorts showed
! even greater gains and few outside
prices We're as much as 70 cents ABOVE
| the low time of yesterday.
The sharp advance in the market last
I'week raising prices to a very high
level naturally resulted in Jarrlng
loose a large number Of hogs in the
country and accounted for the big sup
ply here this week thus far. The total
receipts stand at 100000, against 1900
last week and $4,000 a year ago While
receipts at outside points have been
rather moderate thus far this week. the
total aggregate supply shows a gain
over last week of about $1,000 head.
The market now is very sensitive TO
large receipts and a. small surplus is
quite sufficient TO turn the tide in
BUYERS favor. Altho shippers bought
a bout 1000 more hogs than last week
their total purchases were not up to
the usual portion OF the supply, ana
consequently packers have had the OPP
portunity Of breaking the market to
suit themselves.
Cattle.
Cattle were hominally unchanged.
There was no trading.
Naturally, under the big supply TINS
week which totals $4,000. against 49,
$50 a week ago and S3,924 year ago,
market is closing In mean shape, ana
the general price basis is down 15@
% cents from last weeks closing, Whlle
some of the recent sales of medium
and nlain heavy steers have shown 20
630 cents decline Yearlings OF good
TO choice grade, on the other hand. are
holding about steady, but the medium
and plain yearlings. In sympathy with
the short-fed and warmed-up steers
show declines OF 10@15 cents. This
drop for the yearlings lacking good
quality, however, does not measure up
with the break for the 36.0o@7.00 kill
ing steers, which are now quoted large
ly at % cents decline from last weeks
finish.
The weeks receipts stand largest
since week ending Dec. 1S last, when
total receipts were $3.50, while the
run year ago this week was largest
for any week in 1909. A total of $4,000
western hangers has been included,
which latter run Is several thousand
below week ago. and thus it has been
| excessive liquidation from the corn belt
| feed yards and pastures which accounts
! for the weakened state of the market,
| and as the season draws nearer to bad
| weather time the trade Is in fear that
| big runs will continue trade feature
| in the next few weeks, and that prices
will remain on an unsatisfactory level.
| Barring few of the pri1nest heavy
steers the figures paid for well-finished
| Deeves have been lowest since the bad
week a month ago, when buyers push
ed the market down 40@60 cents In
one week. Reaction following that de-
moralized state of affairs has not been
sustained as well for the weighty steers
as in the trade for medium and plain
grades. The in-between classes Of ma
| tive steers, largely $6.0097.O00 stuff,
have been hardest hit this week, since
the trade has had an oversupply, and
with beef demand falling to broaden
materially killers and shippers have
been determined to put up surplus
stocks at cheaper rates.
| Shippers have bought hardly their
quota Of the increased run, and the
trick Of effecting clearance being put
up TO the local houses, they hit the
prices all along the line.
| One year ago at this time the prime
| steers were going up fast. year ago
this week tops landed at $500 and a
| week later tops made 1910, while still
| later $9.25@9.50. sales were noted. The
best steers this week went at $3.50, and
there were comparatively few above
$3.50. Wide discrepancy in top prices is
explained by the trade to be due to the
fact that this seasons supply Of heavy
! choice beeves has run considerably
above expectancy. and under such a
condition predicted high spots have ma
turally failed to materialize thus far,
and present outlook is not favorable
for gaining the goal in coming weeks
unless some big surprises are sprung in
the shape, OF renewed hunger in de-
| mand
Sheep.
A few loads of lambs found their
way into the market and as packers and
butchers were not especially anxious
for them they were locked up, only a
load or two being sold.