Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-04-11
CATTLE MARKET DEALT SEVERE
BLOW, PACKERS FACING
DECLINE OF Is CENTS
PRIME STEERS BORE
BRuNT OF ONSLAUGHT
Hog Stuff Also Hard Hit, Depreciatins
Until Prime Heavy Were Fully
Quarter Below Closing Levels of Pre-
vious session-Lanbs OF 10 to is,
Sheep Less Affected.

Chicago, April 1.-THE cattle mar
ket was dealt a severe blow today Of
ferinss were so freely marketed that
packers had no trouble in forcing a
decline of Is to 25. There was an
abundance of good prime steers and
these classes bore the brunt of the on
slaught.
The cattle market was given sam
pie Of light receipts last week such as
many traders believe will follow in. full
shortage of production in the corn
belt. Only 2S.4oo arrived for the week,
the lightest run for any season in many
years, and exceptionally slim supplies
for April. The marketings stood against
1892 last week and 1926 a year ago.
while at six leading points receipts for
the week were only $4,000 against 49,
900 last week and 1850 a year ago
Poor eastern beef demand was a
strong factor in holding down the
prices from a big boost early in the
week. Only 1888 cattle arrived on
Monday. ridiculously light supply, but
so unreliable was the demand that only
tat strong-weigllt beeves showed ma
1erial advance and the market closed
dull. Tuesday there was some firmness,
While on Wednesday another meager
run boosted prices 1915 cents in most
cases, the market opening dull at the
advance. but closing strong. and still
another 10d15 cent rise was in force
in the Thursday market for the mea ger
receipts al hand, while the scant sup
plies Friday made prices full up to
Thursday.
Shippers have given the market rea-
sonaoly good support, in spite Of the
persistent reports from the-eas TO the
effect that beef trade is in poor shape
The outward movement totaled more
than half the weeks crop, and with
this competition against them the local
killers have had 70 march up and set
lie al higher rates late last week, even
tho they had the situation pretty well
under control in the early stages.
Killers have, however. handled the
situation in a way which well en-
phasized their ability TO get along on
small receipts at this time Even tho
their coolers have long been lightly
supplied they have failed to show
feverishlr keen demand for the stuff
this week, and the fact that sellers fin
ally put over some strong advances
was due entirely to the meager sup
plies rather than the actual urgency
of the slaughterers' demands. Another
week of such small runs as here
would. however, force the packers to
show their hand and undoubtedly
would expose better demand for beef
than they have been leading the pro-
ducers to believe has existed
Naturally the high retail prices are
having an effect toward holding down
the consumption, but still there appar-
emily is demand enough to afford a
ready outlet for beef in volume which
the killers are getting now.
The trade is expectant of a fair
sized crop early this week, aItho the
whole weeks marketings will hardly
run up to a very liberal total. Cattle
feeders are TOO bullish on future pros
poets to begin cutting loose freely now
since the market is showing ability to,
recover lost ground, and the country
Spectator can not get hold Of a very
big crop unless he is willing to pay
prices which will not allow him lib
eral shipping margin without hitting an
upward trend Of prices at market
Hogs.
After opening at 10 to Is cents lower
hog stuff deprecated until heavy hogs
WI 1OiAS - NV1iIS diiNCl tilc CbOSlIiS
levels Of the previous session. The
trade dragged to a late finish, the gen
eral decline being 20 to % CENTS.
Last weeks supply was light at all
western markets, the five principal
points reporting only $4,000, against
2Ss,000 year ago and no heavy run
tinent is not bearish and shippers say
thew fhn1y ~ 1acc
Than 10 cents.
load of 34s pound hogs, sixty-five
head, sold at s1055 Saturday that
crossed s2,362.70 and netted s2,326.98.
The average cost price of hogs at
Chicago last week was lowest since the
week ending March IL, standing 81
cents lower than the previous week,
which was the highest of the year. This
weeks average at s10.57 stands s3.37
higher than year ago. 1882 higher
than the corresponding week two years
ago and 1888 higher than the eleven
year average of the corresponding
week from 1899 TO 1909, inclusive
Estimated average weight of hogs
received here last week 220 pounds, or
the same as the previous week, eleven
pounds heavier than year ago, two
pounds heavier than two years ago and
sixteen pounds lighter than the CORE
spending week of 1907.
Sheep.
Lambs were Off 10 to Is cents, while
sheep did not fare quite SO badly.
Chicago Livestock.
Chicago, April Cattle-Estfmated
receipts for today, $1,000; opened
steady to 10 cents lower.