Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-03-26
ADVANCE OF 5 CENTS OVER FRI
DAY BRINGS TOP TO
S11.o2Ja.
LIGHT CATTLE RECEIPTS RE.
suLTIN LITTLE OR NO TRADING
Market Designated as Steady, With
Prime Stuff ouotabIe at Ss.35-sheep
and Lambs Close Week With Loss
of Early Strensth-Priees in Chicago
I'D Elsewhere.
rich 2s.-Hogs showed

Chicago. March 2s.-Hogs showed
more strength today, opening cents
| higher. The early top was s11.02k.
! Run at eleven points first five days
of this week was 272.ooo. or $1,000 less
than a week ago and $4,000 less than
a year ago. Combined receipts at elev-
| en- markets thus far this year 5,166, 900,
or $4,000 less than year ago and
3.6s2,ooo less than two years ago.
Only $4,000 hogs were received at
the Chicago stock yards thus far this
month, showing 100000 decrease COM
pared with same period year ago. Ar
rivals for 1910 TO date total 1,475,50O.
showing $4,000 decrease compared
| with a year ago. and 1,141,0o0 decrease
pared with two years ago.
Considering the position of supplies
and prices of hogs and product trad
ing operations may be regarded as of
fair volume the last week, both specu-
latively and for distribution of prod
uct At the close there appears to be
demand for hog product well up to
current production, and consistent with
the outlook for short supplies of hogs
for considerable time to come. The
weeks exports of hog product indicate
considerable gain in both meats and
lard compared with the preceding
week, with meats falling moderately
short of corresponding week last year
and lard considerably short.
Cattle.
Cattle were nominally steady, with
little or no trading. Prime heavy stuff
was quoted at ss.35.
Last weeks sensational price gains
induced considerable country specula-
tive buying, which resulted in a more
liberal supply here on Wednesday than
the trade had anticipated. Mondays
strength in the market was then quick
ly dissipated, buyers getting the bulk
of the steers at 10@15 cents decline
and chopping off 25 cents in some in
stances, but this was the net result Of
their bear raid, since the Thursday
market could not be lowered further,
tho in no case were sellers able to get
better prices Thursday than on We'd
nesday.
The trade is still 25@40 cents higher
than two weeks ago and aitho beef de-
mand in the east is claimed to have
suffered a little slump of late the drop
ping off in consumption has been cred
tied to the fasting of holy week" rath-
ance to high retail prices. That the
demand for beef will become strong
again the trade feels assured, and this
present weakness in steer prices as
against recent high levels can be easily
overcome unless country shippers again
cut loose with a liberal crop of steers
next week.
The trade is a little apprehensive Of
a liberal run getting here next Mon
day. estimates yesterday ranging up as
high as $4,000. but still, with the pack
ers' coolers holding only a small
amount of beef, there is little fear Of
much of bearish disposition being
shown. Killers and shippers need for
beef can not be concealed. They have
long been getting only small supplies
and surplus stocks have been badly
depleted. The trade is still holding a
I bullish view Of prospects for the next
few weeks and there is little reason to
feel otherwise.
Sheep.
Sheep and lambs lost part Of the
strength shown earlier in the week, but
prices were practically the same as
yesterday.
Colorado shorn lambs show most OF
the weeks advance. A lot of shorn
lambs have sold at s9.50@975 this
week. and killers have gone to the
choice ones greedily. Wooled lambs
sold up to $1,000 during the week, but
the best on sale yesterday made $10.15.
The proportion Of shorn lambs this
week has been the largest on recorhat
this season and the same percentage
of Colorados has never come shorn be-
fore.
Prospects are for a continued high
market as the product is finding an
outlet constantly, and the visible supply
is meager between now and the time
grass will begin to exert an influence.
A year ago the market was in an
uplift stage, but prices were very low
compared with the present time. Choice
Mexican lambs in the wool stopped at
$3.50 and wooded wethers at $3.50.
Much less shorn stuff was on the
market then. Shearing lambs were
plentiful at s750@775. Two years ago
the market was soaring, advances Of
35040 cents being scored during the
week. Colorado lambs sold at $685.,
exporters took shorn sheep and year.
lings at s67o@6.s0, and choice wool
wethers were Quotable to $3.50. For
shorn lambs it was $7.60@7.75 mar
ket.