Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-08-19
RECEIPTS HEAVIER THAN DE-
MAND WARRANTED BUT MAR
KET WELL SUPPORTED.
PACKERS TAKE HOLD AND
GOOD AVERAGE PRICES PREVAIL
Run of Cattle Was Normal But Buyers
Were Slow in Getting Started-In-
quiry by Small Killers Forced Clear
ance Without Aid Of Big Fellows
Lambs Dime Higher.

C4iiSaSO, siuS- . u IcCClPto "
hogs today was heavier than the condi
ton of the demand warranted but the
market was we'll suppo.ted INC a good
average price vas maintained. Packers
took hold at steady to strong prices and
bought their droves at figures fully as
good as on Thursday. Lights finished
about steady, tops selling at $3.50.
Other prices varied from $3.50 to 1856.
Butchers for spring purposes ranged at
SIS 40 TO $S.75.
Very few more high priced hogs than
are now reporting at local and west
ern markets would be necessary to
shrink prices 80 cents per cwt. Ship
pers are paying an Illogical premium
owing TO current scarcity and with a
process that viii be suddenly remcdied
in a very brief period before long.
a 200 to 220 pound class of hogs is sell
ing 20 cents above stuff of equal quail
ity Weighing 20 pounds more, an un-
usual condition. Recently the spread
was 81 per cwt. or more. Ii has al
ready been narrowed 30 cents per cwt.,
and the premium will disappear some
of these days. The east is full of young
hogs and they are getting into butcher
condition rapidly. When they are
ready the quotation list will he sub
jected to radical revision and it VIII
be in the downward direction.
Cattle.
A normal run of cattle was reported
for today. Buyers were slow in getting
started, but inquiry from small killers
Was sufficient to force a clearance
without calling on the big fellows. The
quality of the offerings was not very
good. Early transactions were on a
steady basis, but the market gained
strength later. The best lot of good
to choice steers sold at $S.25. while
Others sold at $500 70 $50. Distillery
steers Went at $3.50.
Traders in summing up the situation
today came to the conclusion that beef
outlet is d whole lot broader than the
killers are willing to admit. Shipments
in the four days thus far this week
have been 27,50O, only a few hundred
under a week ago, in spite of the fact
that four days receipts. totaling $1,000
stand 3,400 under a week ago. So
strong has the demand been in the
past two days that several thousand
more cattle probably could have been
handled without affecting price declines
altho with these added to the supply
the stiff price gains now in force
doubtless would not nave been noted.
Everything has caught advances.
Yearlings are quite as keen sellers as
the weighty grades, altho the fact that
The Common and plain light grassy
steers show least gain as against last
week should serve as a warning TO
country shippers that any very liberal
increase in marketings OF his class
early next week Will effect sharp price
reaction. The trade is able 70 use only
a certain quota Of the grassy natives
n killers are strongly partial to the
range cattle. Liberal runs OF west
erns are assured and it would be prud-
ent for the corn belt shippers 20 hold
ture and where grass is too short feed
them some corr rather than ship out
and spoil the good thing which now
prevails.
Sheep an lambs were steady TO
strong. The late market showed a
COCO tone. Native lambs at $685. were
Q dime higher and a straight string OF
at $6.75 was also higher. Sheep
were firm but not quotably higher.