Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-05-21
HOGS CLOSE SOMEWHAT UNDER
BEST PRICES OF LAST WEEK,
BUT TONE is GOOD.
FIFTEEN CENTS MARKED OFF
OF ALL LIGHT WEIGHTS
Few csste and Sheep on Sale and
Prices Show Losses For the Week.
Considerable Uncertainty as to Fu-
ture of Livestock Priees-Market Re-
view.
Chicago. May 21.-Hogs had a good

1 ABOUT STEADY WITH the. peS- VI Ses'ei :
day. Top was 1910 for lights be-
ing Is cents lower than the close last
week.
Quality is again good. weight be-
ing conspicuous and light stuff scarce.
This is worrying bacon makers G. j.
Roberts, the packer, believes that lean
bacon is 10 become very scarce ar
ticle before the summer is at an end.
Hogs are now running heavier" he
said, as he glanced at fat broker
in the provision pit. and this will tell
the tale There will be goodly sup
plies of fat bacon. however, but with
the big demand that We all know will
be enjoyed there will be no such thing
as big surplus"
Talking on the subject of demand
W. L. Gregson said: Packers are
buying hogs because the product is
merchandising at substantial profit.
They sold considerable stuff on I'VE :
cent basis and every hog they buy at
currency rates makes money for them.
The five principal western markets
had about 1900 hogs today against
$4,000 a year ago, the weeks run at
these points being approximately PA
600 against 100000 year ago
| Country shippers in with hogs at
tribute the swelling movement to wet,
weather which has interrupted the
task of corn planting and given an
opportunity to haul hogs 10 loading
stations. The run at the middle of
the complaining season. however, a
! smaller accumulation than usual when
corn planting has been completed.
Cattle.
| Cattle We're steady, no market be-
| ing reported in cattle.
! Expected price widening has mater
ialized and more of ii will come later,
according TO the traders, when the
movement of grass-fed Texans, along
with the grass-fed stuff from northern
pastures, shows a little further growth.
/ Choice steers have sold higher for
the reason that demand for them was
fully up to the supply and often
| little greater. These were nominally
/ 10G15c higher than a week ago and
anything strictly good also was quoted
10 cents higher than last week.
| These classes have been a right good
| packer and shipping demand each day
Of the week. but the medium and short
fed kinds along with the light grass
ers. have bumped against seasonable
discrimination both from packers and
shippers, and the price trend for these,
Instead of being higher in sympathy
with the good to choice kinds, has been
lower Declines were forced Monday
and again on Wednesday in the trade
for these, while buyers made some
fresh cuts Thursday and Friday nom-
inal values for the stuff saiable below
$50 stood 10625c lower than week
ago and the majority of traders were
greed that a liberal quota Of these
kinds showed the long end of the de-
cline.
Proportion Of short-fed and grassy
stuff will continue TO grow in coming
weeks. and these meeting competition
from the Texans must eventually work
to still lower levels, say the traders.
who are advising country clients to
operate accordingly. The demand for
beef is not of such urgent character as
co1npels packers and shippers to jump
into the market and buy right and
left of all kinds regardless of price.
! Killers are putting unto force at
present some discriminatory tactics
which result in considerably wider
Ispread in values, and the medium and
plain stuff. SO long selling at prices
relatively too near to the finished
of this class of goods grows proper
| tionat ely larger. It is the 1000 to 1900
ID. kinds which are getting the worst
| of the bearish opposition, but this week
/ a good many of the 1900 to 1900 lb.
, classes lacking finish have also hit the
down grade. The yearlings which have
shown right good grade have missed
the price drop for light steers lacking
quality good to choice yearlings hav-
+ ing held at firm rates, all this week and
those of value above $3.50, in fact,
show a little better level than last
week.
/ Shipping demand continues moder-
ately good, the eastern interests TAX
/ ing a fair quota of the increased run
| this week, tho the demand in the east
ern quarters is discriminating and
favors quality, even tho the kinds
lacking good grade are working to
relatively much cheaper levels
| Outlook for next week is not viewed
as encouraging to reaction In prices
for the medium to pretty good steers.
Corn plarting activities may, however,
hold down the run, since 1t is now a
matter of necessity that the farmer
get his corn into the ground. The trade
will need only a moderate crop next
week and unless this is mad some
further spreading of the price basis ls
probable.
Sheep.
Only an odd load or two of live NUT
tons were offered.
The buck market has gone to pieces.
Prices are 81 per cwt. lower than
week ago, $3.50 taking good heavy
bucks while IS is about the limit on
almost anything in the buck line -.
The weeks supply Is around 5000
which lis considerably heavier than
last week or a year ago. I'm the west
Isupply is running heavy everywhere,
the five principal markets reporting
about $4,000 for the week. against
III. 900 year ago. Feeders are clean
ing up and a lot of mature stun Is
showing up at the market prematurely.
Chicago Livestock.
Chicago, May 21.-Cattle-
receipts for today. 300; steady.
stockers and feeders .... 1000 $50
Cows and .1eifers ...... 275@725
western 5.25@740
TEXAS ....... S.00@6.40
ST. ssnM7 Is
Hons-Estimated receipts for today,