Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-01-31
ALL CLASSES OF BEEF, HOGS AND
SHEEP SELL AT IMPROVED
PRICES.
CHOICE STEERS UP 10
OVER CLOSE SATURDAY
Hogs Average Cents Better Than at
Week End-several Loads Sell at
Ss.55-sheep and Lambs Show Great
est Strength, With Prices 10 to 25
Cents Higher.

Chicago, Jan. 31.-All livestock mar
kets showed Improvement today. Cat
tie We're strong to a shade higher.
choice steers selling 10 cents better
than the close of last week.
The market has suffered depression
resulting from the public clamor for
lower retail prices of beef at a time
when conditions governing the cattle
industry were logically favorable to
high prices because of shortage of
available supplies Of fat cattle and the
nigh cost of all feedstuff Still, an
abnormal situation such as has de-
veloped always has a depressing effect,
temporarily at least. and in the cattle
market the result of agitation and gov
eminent action against the packing in
terests in the courts has thus far been
a financial loss TO the feeders of stock.
While apparently the consumers have
not benefited, altho the killers have.
by reason OF getting the raw material
Every time the packers effect a big
break in steer values now ii means a
considerably increased profit to them.
since the profit from by products is
their chief sources of net gain, and
buying the raw material al a discount,
they add materially 10 the net profit
Beef is not selling much lower since the
crusade against prices began There is
however, less of it being sold, and the
packers coolers are being more heavily
filled, while they await a clearing of the
situation in consumptive channels.
Meantime the feeders, facing losses
as a result of price depreciation. at
market, are in an uneasy state and
many are DESTROYS of cutting loose to
save high cost of feed This policy,
| however, is not deemed good one by
the traders at market. Heavy liquida-
ton while the cattle market is in its
present state Of weakness can mean
only further price reductions. On the
other hand. if the feeders will show
confidence in the future and hold onto
their steers there is a feeling among
the sellers that things will right them
selves shortly. While consumption is
!
heavy runs expeditiously, but once the
atmosphere is cleared of this depress-
ing beef boycotting' influence new
era of good times for feeders should
dawn.
The trade last week was moderately
supplied, total Of $4,000 cattle arriv-
ing. against TOTAL the previous week
and 44.519 a year ago, while at sly
western markets receipts were 156,60o
against 173,7oO the previous week anC
122, 500 a year ago.
Liquidation is chiefly in short-f fec
steers, and the fact that comparatively
few heavy choice beeves are coming
Well indicates feedyard scarcity o.
these kinds and augurs well for a re
turn to higher levels once the marke
RECEIVERS from the present depressing
influences Biggest share of the rur
last week comprised medium cattl
lacking finish, but since the cheaper
grade beeves are moved more freely in
10 consumptive channels than are tn
higher costing kinds, killers were no
much disappointed over plain quality o
general supplies.
Hogs.
Hogs We're up cents on the averagf
Top hogs sold at 1886, there bein
several loads at that price.
r Hogs.
Supply was light last week, but thi
was offset 10 a considerable extent
lack of shipping demand. Shippers hav
taken only about $1,000 against nearl
!, $4,000 the previous week and $4,000
. year ago, which indicates that the mee
boycott has cur1ailed consumption ser
ously. The five principal western mai
kets report about 304 900, or 10000 lie:
than the previous week and 10000 lie:
than a year ago. January receipts wi
q be about $4,000, against 81, 900 la
d year and 100000 ten years ago.
It The market continues to keep
k healthy undertone. and on reactions v
r. look for good buying to satisfy IL
J. southern bacon demand, which is con
y ing on says w. D. Gregson. "Tl
European demand for lard is bound
. come from daily needs, as stocks are {
IL a hand-to-mouth basis on that cont
y nent and we know of no substitute tn
e can be had in large enough quantiti
to take the place of American lard"
Ie Provision traders point to the d
"a crease of over 100000 hogs since Jan.
n at eleven markets, as compared wi
- last year, and 100000 as compar
~ with 1908. They said that there is st
the southern spring demand for bac
to be satisfied, and that on any bre;
good buying would develop. Europe;
stocks of lard are light and they won
v be forced to come into the mark
IL shortly to satisfy their daily needs,
IN there is no substitute that can be o
at tanned in large enough quantities
ID take the place of American lard.
OF Sheep.
th Sheep and lambs displayed the mo
Us consistent strength, gaining 100
ne cents. Lambs reached 1885, but ma
in that sold at 1926 would not have ma
over $500 at the close last week. Pril
= wethers reached 1925.
&c Chicago Livestock.
- Chicago, Jan. 31.-Cattle-E stimai
~ receipts for today, $4,000; opened 5
10 cents higher.
BeeVeS ............' 4.1VW
stockers and feeders ...... 3.10@5
FL Cows and heifers .......... 2.10@
Mt Texas steers .............. $500
A. Calves ....... 700@9
IS. Western ........ ......... 4.10@6
|y. Hogs-Estimated receipts for tod
NJ 4 Ixr {a c%~