Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-10-15
STARTED AT ADVANCED PRICES
BUT PACKERS HELD BACK ON
HEAvIES.
CATTLE RECEIPTS MEAGER,
NO MARKET REPORTED
Most Active Demand in Any Branch
Shown For Yearines, Buyers Pre-
ferrins Quality Lacking Grades to
Good Heavy steers-Trade Offers No
Reason For Change in Sentiment.


advanced prices at the outset this
morning but packers held back on
heavy and packing grades. Shippers
and scalpers bought for more than the
same hogs would have cost at the pre-
vious session. but when holders start
Led by asking more for packing hogs
also they found the big fellows against
this notion. The result was that there
Vas no early quotable market Tor
heavy grades.
| Packers have been hammering the
ma rket 10 the best of their ability tor
several days and have finally sue
ceeded in getting the big heavy hogs
several points lower than al the high
time of the week. The spread in val
ues now between the big hogs and the
light weights is wider than il has been
for some time A large percentage OF
ill.,. heavy packing grades sold Friday
at sS.350DS.40. with some very COM
mon rough kinds as low as SIS Every
hing with big weight was discrini-
mated against quite severely and the
heavier the hogs the harder they We're
10 sell During the week sellers have
been very successful in holding the
market up TO a high level. The light
supply in the early part of the week
was largely responsible for this be-
cause between shippers and packers
III the hogs were needed. Most traders
90 not look for heavy run next week
and have confidence in holding prices
about steady for all good hogs. The
relative scarcity of light weights and
light butchers shows that the country
is in a notion 20 hold back for moro
weight. believing that it is the best in
vestment that can be made with corn
TO put it into hogs at present prices.
Cattle.
Cattle receipts We're meager and nc
market was reported. BY far the most
of the native demand in any branch OF
The trade was shown in the market for
yearlings. Buyers were keenly search
ing out animals of this class. While
they wanted the better grades first
they also took yearlings which were
not of extra quality in preference to
good heavy steers. The trade does not
offer any reason for this sudden de-
nand for handy weight animals, save
that the warm weather may have had
something 10 do with the change in
sentiment.
Receipts this week total $4,000
against 64,199 a week ago and 1850 a
year ago, but in spite of the liberal
gain in receipts the market for good
| to choice native steers closes the week
1o@15 cents higher than a week ago,
and bulk of the stuff eligible to sell up
to 800 and higher shows 60@65 cents
advance on low prices noted two weeks
ago. The western range run for the
week stands $1,000 and thus there has
been a quite moderate supply of ma
lives which accounts for the generous
demand for well-fin!shed corn-fed
steers Still it is the s7.0047.5 kinds
rather than higher priced lots, which
show most gain. Medium and plain
! natives. meeting competition from
westerns. however, are showing a basis
| largely 10 cents lower than week ago
but in the fact that the big general
receipts have been cleared handy each
day this week there is good bit OF
satisfaction in the trade and evidence
/ of broadening outlet for beef.
! Shippers have taken few more cat
: tie than a week ago. but this was due
! chiefly to the fact that the good -qualit!
kinds were in short supply. Numerous
/ orders for strictly good grades of 1906
to 1850 pound steers have gone un
/ flied in recent days, and this tended &c
boost the market for that class Of
/ goods on Wednesday and Thursday
While the yearling steers also had q
good shipping as well as packer de-
! rnand which had a strengthening eff
feet on prices.
Failure OF the s5.5006.50 natives Il
keep pace with strictly good corn-fec
kinds is easily accounted for in the fac
that these kinds have met strong com
petition from rangers, and the packers
in holding range cattle prices TO las
| weeks closing basis, have thus mad
| leverage on the trade for the medium
and plain native steers, and instead o.
paying higher rates for these, have
worked them a little lower than a weel
ago This was the situation at the
start this week, and again on Wednes.
day the medium priced stuff was IL
second best favor, altho net declines
are not serious enough to indicate
especial weakness in any branch O.
the market
Week ahead is causing some uneasi.
ness among the sellers with regard tt
probability of holding prices for re-
action. Rangers viii be here in big
numbers again next week, since west
ern cattle men are shipping out as fas
as they eau get cars, and corn-bel
feeders would do we'll to hold their op
erations down to a moderate volume /
a priceb reak Is to be avoided, sine
the killers are getting fully enough
and in fact, more beef than consump
tive demand requires.
Sheep.
The great bulk of sheep We're feeder
this week, as there have been compare
lively few shipments OF fat mutton
moving. The cause of the demand ha
been the promise Of cheaper feed. TIL
trade rather looks for a moderate rul
of live muttons the coming week.
Chicago Livestock.
Chicago, Oct. observation-disclosures
receipts for today, 200; opened steady
Beeves 49,. commencement. 1850 7.s
Suckers and feeders. 5.571
Cows and heifers .......... 2.25@ 6.5
Western steers .......... 1880 Sc
Texas steers .. 1850 6.5
Calves ...... .... 100000
Hogs-Estimated receipts for toda.
5000; opened to 10 cents higher.
Light $3.50. .............. $3.50 SO