Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-12-27
PACKERS, LATE GETTING IN LINE,
FAILED TO IMPARr STRENGTH
TO MARKET.
BEST At CLOSE WAS
AROUND $3.50, FEW At $7.e5
Cattle Were Steady But There Was
Absence of Active Tone - Some
Strength Developed Later on Pros
pect Of Light Run Wednesday -
Sheep and Lambs Higher.

Chicago. Dec. 27.-Packers held off
until late, and when they did come in
to the market trade eased off. Scalp
ers and Il few shippers made the early
market. At the close the price for
best hogs was around $3.50, Will,
packers We're paying $3.50 for their
MIXED and packing sorts, a few going
rs high as $3.50.
Combined receipts of hogs al eleven
markets Monday 17.G00. or 1900 less
t,.an 4 week ago, 5000 more than a
year ago and $500 less than CORES
ponding Monday OF 1908. Chicago had
5000 less than a week ago and 1900
more than a year ago Kansas City
received $500 less Than a week ago. and
SEQ less than a yea- ago. ST. Louis re-
jor;ed 900 less than a week ago
and 1900 less than a year ago. Buff
falo received 5000 less than a week
tago and 1000 less than a year ago.
Regarding provisions. w. L. Greg
son of W. p. Anderson & Co. says:
"Non-appcarance of tho heavy runs of
live hogs which were freely predicted
some time ago. forced some very good
Judges Of provision conditions TO change
their minds as Well as their position
on the market during the last week. and
the consequence was that new records
We're established in the prices of prod
uctS for the 1911 deliveries. and the
Very fact that these operators were
largely committed and hal 20 readjust
their position, made possible prices
that would ordinarily not have been
necessary. as the manufacturers. as a
rule. showed a solid front and refused
10 be stampedeu on the hog market
every time certain levels We're reached.
While was are not unmindful of the
fact that lower prices bring on an in
creased consumption. at the same time
we recall that last years high prices
decreased it TO the tune Of seven hun
dred and fifty million pounds. and as
we view conditions surrounding the
trade the manufacturers, as a rule. have
been Very conservative in their future
commitments, and are not in our judg-
ment, in position to be easily stamped
ed as was the case a year ago when
they had all kinds Of commitments for
future delivery when the hog shortage
began to make itself felt"
Cattle.
Cattle were steady. The bulk Of the
market had no especially active tone.
- "S' 'OAiAS ANA1 liz u ~
prospects for a light run Wednesday,.
Butcher stuff ruled a little better than
steers. having a strong underotpe.
That the country was not much linz
pressed with the idea of the markets
remained open Monday was evidenced
by light receipts at all points. Only
24,9O0 cattle were received at the siX
leading markets. against 200 last
Monday and 34,600 a week ago, while
the Chicago run which man thought
likely to total $4,000 to 10000, fell short
5000 from a week ago. In view Of the
short general demands it was fortunate
that Mondays supply did not run
much larger. Otherwise some serious
declines doubtless would have been
forced since the expected broad ship
ping g a failed to put in an ap-
pcarance and packers, who last week
were non-comlnittal regarding their
buying Intentions, did not surprise the
trade when they came into the market
with small orders.
Markets later this week will need
only small supplies. 1t is a week in
which poultry is bound to command
higher consulnptive favor than beef,
and with packers coolers holding sup
plies large enough to fill most beef de-
mana there Is small LIKELIHOOD OIL
much urgency in the call from this
quarter. ut least until after the new
Year opens. Shippers demands. as
sized up from Mondays buying, also
likely TO be small later this week, and
the trade is hoping that Wednesday
and Thursday receipts will fall short
considerably from one last week.
After a week of meager supplies
there should be a better action in the
trade all around, but it will be an un-
wise move for shippers to ride the
country this week making liberal pur-
CHI ses for the market.
Light supplies in the initial week OF
1911, too, would prove a good thing for
the trade, since killers are determined
to hold prices down as long as the beef
outlet fails to broaden materially.
Sheep.
Sheep and lambs were 10 to 16 cents
higher. Best lambs sold at $500 and
all fresh stuff had a fair outlet. AT
the close indications were that stale
stuff would nave to be shaded to eff
feet a clearance.