Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-10-29

Chicago. oct 29--The demand for
hogs was principally from scalpers and
the inquiry was sufficient 70 boost I
prices about 5m10 cents. as compared
with values at the low time yesterday.
\ Top o. $3.50 was paid COR prime light
hogs. Packers and shippers did not
Yesterday. when some OF The packers
put up their droveS OF packing hogs.
at close 10 $3.50. the lowest level for
many months. presumably was the rea-
son for the initial activity on the part
Of scalpers.
The weeks receipts for five days
total los 900. against 100000 for the
same time last week and $4,000 year
ago The supply under the conditions
has been TOO heavy TO suit the demand
ana sellers have been com PEELED 10
make some broad concessions since
early in the week. Shippers are very
much handicapped on account of the
high prices prevailing at eastern mar
kets which prevents them from buy
ing freely al this end Thus far this
week they have bought about 1000 less
than for the corresponding time last
week. al1ho receipts are 5000 larger.
This left enough surplus in the hands
If packers to give the big operators
quite an advantage. and they were not
slow to make the most of it Shippers
say they will not be able TO do much
business until there is a better adjust
ment between Chicago and eastern
markets.
Cattle were nominally steady. Many
cattle were still under cover from a :
FAR back as last Thursday and will not
he shown until Monday. The market
for fat steers suffered severely during
the week, heavy stuff being 80 to 40
cents lower than at the close last week.
Butcher stuff is strong as compared
with a week ago. the demand being
unmistaks bly, for low priced stuff.
Market for heavy steers of value up
from $3.50 il closing on basis largely
son 40c lower than week ago. and most
recent sales showed 40c decline. while
there have been instances of even soc.
and greater break from last week
Steers averaging 1880 lbs sold late on
Thursday at $3.50, which showed soc
decline from last week. and numerous
other lots which cleared around s6.75
showed fully 40c and more decline. The
market for such goods Is down 20 a
level even lower II an noted at the low
spot month ago and the trade is in
such condition that only :neager sup
plies can possibly effect reaction in the
near future.
Handy weight, medium good grade
steers. along wi ii the ligflt kinds. SHOW
largely 25c decline from last week. and
the medium quality yearlings. too. are
off that much, but the high-grade year.
lings are holding pretty close to a
steady level for the reason that demand
has been strong for such kinds all
week, the consumptive demand being
partial 10 high-gra IL light baef cuts.
Killers Of decent and common grade
show largely 15d25c decline. but the
l5c end Of the break is noted in isolated
cases now.
Receipts FOR the five days this week
stand 1900, against 77,S4s week ago
and 65.057 year ago. while the run
this week and last shows the largest
total for TWO consecutive weeks this
year The two weeks supplies of ives
terms have comprised $1,000. and thus
ii has been the excessive liquidation
from cornbelt feed yards and pastures
which brought about the present de-
m oralized state of affairs. The market
( last week broke 100 25c from the week
!
slump for the present week has
brought general values TO basis a bout
! the lowest of the season.
/ There was q sharp rea elton follow
/ ing the last hard price drop of a m onth
ago. and i. was brought about by
period of shorter runs What the near
future VIII bring forth is matter Of
conjecture. but surely the present stu
alton in trade demands drastic meas
ures in the matter Of cutting req p-s.
Market is in a badly dilapidated
state compared with a year ago, Wnen
prime beeves sold UP to 1910. 1t would
take prime kind right now 70 land n
$50. while the tops early this week
sold q. $3.50, but on Wednesday steers
practically equal in quality landed al
$40 year ago the market was in |,
strong condition and there was brisk !
demand for all the heavy beeves at the |
best open market prices noted in many |
years. but the trade Of late has been !
too heavily supplied with high-q.aIity !
stuff. with the result that instead of
even decent prices prevailing the range
IS down to a basis which necessitates
the profit derived from hog feeding to
let the feeder out whole.
Sheep.
The heavy proportion Of fat sheep
and lambs caused a break in prices for
! this class during the week OF anywhere
from % 10 50 cents. The run was not
as large as last week. Cold weather
also checked the feeding demand to
some extent.
Chicago Livestock.
| Chicago. Oct. 29-Cattle-Estimate
receipts for today 400: opened steady.
/ Beeves ... ...-.. -. 4.59I7.7o
! Suckers and feeders. 80. 415G5.40