Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-03-18
LAMBS At NEW TOP
ONE LOT BRINGS $3.50, HIGHEST
OF SEASON, AT CHICAGO
YARDS.
HOG PRICES BREAK
AFTER REACHING S11.o5
Market Ruled Higher Until Close Of
Session, When Prices umped-
Cattle Steady With Figures at Thurs
days Best, With Top for Day ss.75
Current Quotations.

Chicago. March 1s.-Shorn lambs
touched a new point this morning. one
prime lot bringing $3.50. Both sheep
and lambs We're strong and generally
10 cents higher than yesterday.
Competition is the factor that is
keeping the market sizzling. Every
body has to have a few. Philadelphia
orders are insistent. There is very
little stuff at nearby feeding stations
and il is being drained steadily. A
lot of shearing is being done, but the
stock is sent in about a week after
the wool has been taken off, which
shows how close the winter crop is
being marketed. Colorado will prob
ably be strung along in May. and not
enough marketed in any single week to
damage the price list.
Country trade has practically ceased
as killers are taking everything that
Will bleed. A Michigan man paid
s7.75 for a band of New Mexican
wethers, to take out and shear, to-
day, and that transaction establishes
another record. These improved Mex
leans are shearing very decent feeces.
Hogs.
Hogs-broke toward the close of the
session, after having ruled 10 to IS
higher and registered the old top of
S11.05.
March receipts 10 date here are 213,
600 less than a year ago, and estimates
of $4,000 on the months run. which
were confidently made now look high.
Local sentiment in provisions seems
TO be in favor of temporary lower
prices. figuring that more long prod
uct can be dislodged before the mar
ket is steadied." says w. L. Gregson,
but the hogs and the cash trade ap-
pear to be against anything but a
temporary break, and our observation
is that the buying today has a better
foundation than the selling"
Regarding provisions, L. j. Schwa
bacher said: During the past week
the provisions market has been very
active. We have again made new high
records for pork, ribs and lard. The
market has had sharp breaks, however,
due to the fact that there are many
stop loss orders in, as the product is
held by many weak hands, the big
longs having all liquidated. The Chi
cago packers are not in the market
even in the smallest way. They hedge
their cash sales in the pit, but that Is
all. One of the largest of the outside
packers has been good seller on the
hard spots and they have the record
of being oftener right than any other
firm
Cattle were steady with yesterdays
best period. Top for the day was
ss.75.
Eastern buyers have been hard
pressed to get their orders filled all
this week and are generally the first
in the field.
Compared with a week ago the
market looks pretty good. Prices are
safely 4Od50 cents higher, with buy
ers claiming an advance of 50@60
cents. Receipts for four days are just
10000 short of last week and that de-
crease was enough to put all the ad-
vantage On the selling side. Lots of
cattle are considered 50 higher than
at the close Of January.
The general impression is that cat
tie prices will follow in the wake Of
hog and sheep values. There have
been some very strong symptoms of 1t
during the past month.
Killers have ben holding a check on
big weekly advances for some time, but
this week sellers have grapsed firmer
grip on the situation than in months
past, ana, Que 10 snort SupplleS, liley
have been able to get almost any kind
of an advance. Butcher stock prices
have risen to highest levels since 1902
and the sharp gains for cows and heif-
ers have been a strong factor in fore
ing almost as much advance for the
plain and medium steers as for the
good to choice kinds, while the feeder
buyers competition, too, has been an
other boosting influence. Outlook for
next week is deemed good, tho the big
advances this week may induce more
liberal shipments. Still with the de-
mand both on packer and shipping ac-
count running strong. sellers are not
fearful of much recession from pres
ent price levels. Should supplies total
only normal continued strength in
prices can be loked for, sellers say.
since the consumptiye demand is fully
capable of affording free outlet for
normal runs at present high prices.
Chicago Livestock.
Chicago, March 1s.-Cattle-Esti-
mated receipts for today. 100; opened
strong to 10 cents higher.