Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-10-01
EARLY BUYERS WANTED A FEW
AND GAVE MARKET GOOD
TONE.
PRICES TO 10 Better
THAN FRIDAYS AVERAGE
Heavy Receipts Of Cattle During Week
Caused Sharp Break, Declines Being
Generally IS Below Last Weeks
closeRecent Big Run of Sheep De-
pressed Market.

( few hogs this morning and their de-
mand gave the market good tone
Opening prices were TO 10 cents high
or than the average OF yesterday, or
about like the close. since Thursday
there has been an upWa- movement
which has enabled sellers to recover
part OF the previous losses. putting
price - 10 % cents higher than the
time OF that day
Receipts for the week thus far show
some gain over last week, yet they
could not be considered heavy for this
time IF he wear The shipping demand
for the week has been lighter than
usual there being a decline of about
iCo0 in the output toward eastern
points, This accounts for the advant-
age local packers had and gave them
chance 70 pound the marke- seriously.
Gen raj trade today was about % cents
lower than a week ago on the bulk of
The uSppiy. Western markets have
been moderately supplied all week. yet
the total up 10 date al the five prin-
cipal points is 10000 g.inst $4,000
last Week and 20e 600 year ago.
Cattle.
Heavy receipts OF cattle during the
week caused sharp break in prices.
I'tG.l-4tS Il Z on SSilciet.lN CENTS
compared With the close of last week.
The decline in butcher stuff has been
- 10 % cents as figured by most sell
ers.
Beef coolers are clogged. both here
and ii The east. and the outlet in con-
sunpt!ve channels is claimed 10 be the
poorest n months. Under this state of
affairs a market commonly described
a rotten" prevails and the trade is
sending out warning to the country TO
ihe effect that unless the run next week
is Gu: % slim volume there will De
worse things happen than occurred
this week
Market now IS on basis generally
% soc lower than a week ago, the
common, plain and medium steers
showing go 35c decline, while every
thing eligible 70 the 1926 q 100 and up
% the $3.50 class is 40G soc lower. and
there have been Instances of even
greater decline shown in some forced
transa ctions. tho a good many steers
which caught bids considered 60G75c
lover have gone over unsold. Il is the
worst market in many months, both
as regards extent Of the decline from
one week 70 another and the unrei
ability of demand.
Ordinarily when prices drop in this
manner there is a dispositions.on pack
cause they are cheap. but not so now,
which is good evidence OF the rotten
ness Of things in the beef trade
For this week Chicago receipts total
10000. against 6s.752 week ago and
s4.4S1 a year ago while Of This vol
unle the shi pments have been 30.6o0.
against 29.953 a week a go. but the fact
of badly depressed beef trade-.easr has
not admitted Of shipping demand hav-
ing sustaining influence in the price
drop. Six markets receipts In Ave
days this week stand at 244000 an in
crease Of 10000 on week ago and
900 more than a year ago. Thus the
Situation has been mean at all mar
kels as far as burden ne supply is
concerned.
Co.'S Of production OF a big lot Of
good beeves has beer higher than the
prices they realized in recent days and
this was especially true Of the stuff
which has landed upward of 1925.
while numerous of The latter classes
have been cashed at prices consider
ably below their cost 20 shippers at
loading points.
The western range market has no.
this fact saved the plain and medium
natives from as severe sluInps as hit
the good TO choice heavy grades The
latter were pounded most severely by
reason of the fac: that the high-cost-
ing beef is meeting poorest consump-
tive demand and the trade is not look
ing ahead with a feeling of expecta-
ton for return to good things right
away in me heavy steer market. A
few weeks ago it was seen which way
the wind was blowing, and the tend
ency since then has been decidedly in
ne wrong way 10 cheer up the cattle
feeders.
Supply has simply run far above ex-
pectations, as we'll as beef trade re-
quirements, with the inevi able result
Of the hardest price slump witnessed
in any one week this year. Septem-
Der receipts total 5000 in excess of
year ago despite a decrease Of $4,000
in the western run. Thus the native
supply had been approximately $4,000
in excess of receipts from the corn belt
q year ago.
Sheep.
At the close of the week choice west
ern lambs were quotable at 81, and
they would not have brought. more
.han s7.25 at the recent high time.
Native killing lambs have suffered as
much. Choice western wethers are not
more than - TO % cents lower than
they were before the heavy run set in.