Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-12-12

-lSn0S slump 0uAftOr.
Chicago. Dec. 1:.-Hoss were strong
on early active demand from shippers.
scalpe,s and small local packers, and
the top was advanced 70 10 cents above
the Saturday high mark. or $50. This
was the highest for a month Packers
were doing nothing up to noon and
were holding off for lower prices.
Provision traders are talking about
the play made by the Cuaahy Packing
Company on the buying side the past
| Two weeks Two weeks ago Patrick
Cudahy came down from Milwaukee
and gave out loearish Interview. and
the mex, day Cudahy brokers were on
the buying side. In two weeks pork
has advanced $40 per brl for Janu-
airy and $3.50 for May Lard is UP
soc per 100 lbs and short ribs 1c per
! ID for January and SOC hundred fo-
May. January has become congested.
as spectators have sold 1t short for
months on the basis Of 6i2c for hogs
and have also oversoii May OF E basis
! OF Odo &c. hackers nave done llllle
| hedging on the basis.
| "No heavy runs Of hogs is possible
| during the winter" said John Moran Of
The Louisville Packing Company, who
was here looking over the situation
Any estimate on the winter crop large
| iy in excess Of year ago Is erroneous.
Everybody will retain sows as prices
afford incentive FOR increased produce
ton, and this will keep half the crop
Of young hogs back in the country I'M
til late next summer. l look for a high
market all winter. but sharp decline
! In prices next summer after pigs are
weaned and the crop OF widows begins
20 move. Production has been stimu-
lated to a degree that promises sc hogs
within a year. but for the immediate
future prices will rule high, ruinously
high for the packer"
! An Iowa dopester sends the following
about hogs:
"Our old hogs in Iowa are practically
marketed and the young hogs are NOT
ready and will not be in any volume
for another month to come. IN other
words. there is a gap between the old
and the young hogs. The supply Of
young hogs 10 not 50 large. either as
is generally supposed. ana had the
packers continued in taking Of the
price as they did some time ago 1t
ence In the winter breeding. II hogs
continue reasonably high we may look
for good supplies in another year, but
! there will not be any. more hogs than
the trade requires this packing season"
Cattle.
| Cattle were lower on heavy receipts.
about 1o@15 cents FOR bulk stuff. Trade
! did not improve as the session ad-
vanced. and the demand for packers
was tame.
The general decline on steer. Cor
the past week is 1918 cents. Some
classes have not suffered as much, the
principal exceptions being 1.o0o91,250-
pound steer. in the 3sa5.5 range. for
which there il broad demand. Choice
light and handyweight steers have
lost little. especially yearlinss. those
grades having been scarce. bat big
cattle and the general run OF short
fed bullocks have beeu hit hard.
While the proportion Of weighty stuff
shows a diminishing tendency, there
has been more than enough OF II here
/ and it has found a very uneven mar
ket at the major decline. Selling
such cattle has been largely a ria:.er
accept bids below the IS line; in fact,
that monev has bought good hullocks
that have cost money to male Some
l.506-pound Kansas cattle that had to
accept $3.50 this week were earning
$50 six weeks ago and had been fed
all summer 1t has been bad Ear
ket of the worst kind for the big
steer. $3.50 taking heavy cattle that
would have been worth Ss.25 had they
been here at the high point Of the
summer These cattle are selling 50
radically out Of line with the 55M5.5o
kind az to arouse criticism. as they
cost less money on the hooks Killers.
however. have a call for cheap beef
ard go to the grades that are little II
any better than feeders. And the fact
must not be overlooked that the by
product and hide Of 51a-cert e.eer
is worth little less than tina. OF SIS
cent bullock. II is a sad comn1e!''.ry
! on trade conditions. however, when
steers that have had corn about tnsI-
u days sell within 80 cents of b;,llocks
led four months and showing good
/ d1 essing quality.
Sheep.
| Lambs were fully 25 cents lower. The
(, extreme top was reported at $3.50, and
heavy lambs were exceptionally slow.
Yearlings also were lower, declining in
about the same proportion tho one lot
OF fancy light weight yearlings sold at
1918. Sheep were not 70 much lower,
F, tho prices were lower where any
changes were made
| Chicago Livestock.
| Chicago, Dec 12.-Cattle-Estimate
receipts for today. 1900; opened 10
cents lower.
Beeves -. ............. 4s5@7.2o
Stockers and feeders ...... 3.so0s.so
Cows and heifers .......... 2.z59eo0
Westerns 80. ............. loo6610
Texans ................. 4oo95.2s
Calves ............. 7oo@s.oo
| Hogs-Estimated receipts for today.
q, 600; opened steady.
Lights =. ................. 1904 100