Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-12-29
PACKERS CAME IN LATE, AFTER
DRAIN THEY INSISTED UPON
WAS GRANTED.
OPENING 5 TO 10 LOWER.
LATER 10 TO IS OFF
Steer Trade Was Strong, Packers
Showing Altered Sentiment Follow.
ing Early Period Of Dizziness, Taking
Offerings at 10 Cents Higher Levels
-Lamb. Were Lower, Sheep Firrner.

late. when the drain on which they
had insisted had been granted. The
opening was 500 cents lower, ana
later the market was 10W1o cents low
tr. Altho s7.7o was paid for prime AMI
mails early. the late market vas on u
$50 basis Cor The best, and packers
bought many hogs at $3.50, II some
mixed heavies at $3.50.
In speculative circles some bearish
opinion j. developing. Cholera talk is
becoming audible as a bull card. but
there is nothing in the complexion of
the run 10 warrant il. as pigs were
never as scarce ard disease always
means plenty of pig and light stun at
the market. One group OF spectators
in the hear ann insists that q belated
hog run will show UP sooner or later.
hut all prediction 10 that efec. has so
Ia. gone wrong.
Packers are evidently not in the
same shane as a year G when they
found it necessary to get into the open
market and buy hogs on constant ad-
vances because they had sold the stuff
short and had to make good. This sea-
son most Of them have shown more dis
erection and are under no necessity 10
buy more hogs than are needed to sat
is.y fresh meat trade.
Eleven markets received $4,000 hogs
Wednesday. being IL 900 less than ar
rived a week ago. 1920 more than a
year ago and $500 less :han TWO years
ago toda:. when Chicago alone received
40. 3S3. The run here was estimated at
IS. 200. against 24.6e1 a week g and
1902 a year ago. Kansas City re-
ce!ved 1000 less thar two years ago.
Omaha had 500 less than a week ago.
1000 more than a rear ago and 5000
less n a two years ago.
ne first half OF this week eleven
markets received 10000, being 81 900
less n a a week s 1000 more than
a year ago and $4,000 less than TWO
years ago. Receipts for 1910 to date
decreased $4,000 compared with a
year ago and S.4s7.Oo0 decrease com
pared with two years ago.
Cattle.
Steer trade was strong today. pack
ers showing an altered sentiment after
an early period OF dullness. Just what
reason existed for the packers buying
up offerings at strong 70 10 cents high
err levels han the animals had cost at
the previous session was not under
stood by commission men except that
possibly the packers found they had
not secured enough stuff on the earlier
days of the week, and were trying 70
make up. There was activity also in
the shipping trade. Butcher stuff. while
not showing the strength that steers
did. was steady 10 strong.
Supply for the three days this week
totals $500. against $3.50 a week ago
and 41,331 a year ago. while at the six
markets the half-week's run stands a.
5000. comparing with 5000 a week
ago and $4,000 a year ago. The country
is thus doing we'll in holding down gen.
eral supplies. but failure Of he market
70 shaT a substantial gain over last
veek's break in values is a good indi-
cation of What would have happened
rad the rush this week been up to nor
nal.
The trade is again advising a quite
moderate run next Monday. Most Of
he packing houses will observe the
New Years holiday. and while killing
operations may be conducted half a day
it will be unwise for the country TO
shove over a normal Monday run. ex-
p.cting the demand. to be up to par.
since the absence of liberal orders a
Only mean a sharp price cut in all
steers. Shippers disappointing holi-
day demand at the start this week at
jeas. was not a good baron eter Of prob
able conditions in his line mex Mon
day.
Packers have a huncn that a decided
expansion in the marketward move
ment is in sight. They point to the light
rush of the past two weeks in sup
port Of this idea. Anticipating stag
nancy during the holiday season. cattle
have beer held back. is the claim ad-
vanced and when a stream Is damned
an overflow is certain. This feeling
amounts 70 a conviction in buying cir
cles. and IL close TO 10000 cattle show
I'D on Monday that element will be dis
sppointed. II vas this expectancy that
repressed any disposition toward bull
ish sentiment yesterday and may be
expected to hold buyers in leash the
rest Of the week.
Beef trade is undoubtedly bad. 1t
has been a season OF poultry
and beef demand a been far below
normal. Beef Is lying unsold in con-
siderable quantities at eastern dis
.ributing stations and local coolers are
by no means empty. Having eaten
poultry to the safety stage. the public
NAV be expected TO turn to beef and
there Is OIL DlodueI oSiAoAiu
after zig week.
Sheep.
Lambs were lower. but sheep showed
a firrner tone. Lamb prices were fully
a5 cents under the best period OF the
previous session, the top today being
$685.. Choice 2-year-old wethers went
over the scale at $40.
Chicago Livestock.
Chicago. Dec. Observation-Disclosures
receipts for today, 1900; opened slow.
Reeves ........ ......... 4.65@7.25
Stockers and feeders ..... 3.O05.S0
Cows and heifers ......... 2.50@6.25
western steer. ........... 4.Oo@5.eo
Texas steers ............ 4.2005.35
| Calves. ....... ......... 7.25@9.25.
Hoes-Estimated receipts for today.
$4,000; opened dull, 5110 cents lower
than yesterdays average.
Light ....... ............ 7.o@Iso
Mixed ...... ............. 7.50@7GM
Heavy ........ .......... 7.45@Is0
Rough ........ .......... 7.B@7e0