Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-10-16
STARTED AT ADVANCED PRICES
BUT PACKERS HELD BACK ON
HEAVlES.
CATTLE RECEIPTS MEAGER,
NO MARKET REPORTED
Most Active Demand in Any Branch
Shown For Yearlines, Buyers Pre-
ferrne Quality Lacking Grades to
Good Heavy steers-Trade Offers No
Reason For Change in Sentiment.


advanced prices at the outset this
morning but packers held back on
heavy and packing grades Shippers
| and scalpers bought for more than the
same hogs would have cost at the pre-
vious session, but when holders start
! ed by asking more for packing hogs
also they found the big fellows against
this notion. The result was that there
was no early quotable market for
heavy grades.
Packers have been hamm ering the
market to the best of their ability for
| several days and have finally sue
ceeded in getting the big heavy hogs
several points lower than at the high
time of the week The spread in val
yes now between the big hogs and the
light weights is wider than it has been
for some time. A large percentage OF
the heavy packing grades sold Friday
at $3.50 $40 with some very COM
mon rough kinds as low as IS. Every
| thing with big weight was discrimi-
mated against quite severely and the
heavier the hogs the harder they were
TO sell. During the week sellers have
been very successful in holding the
market up to a high level The light
supply In the early part Of the week
was largely responsible for this be-
cause between shippers and packers
all the hogs were needed. Most traders
do rot look for heavy run next week
and have confidence in holding prices
about steady for all good hogs. The
rela tive scarcity of light weights and
light butchers shows that the country
is in notion to hold back for more
weight, believing that it is the best in
vestment that can be made with corn
to put it into hogs at present prices.
Cattle.
Cattle receipts were meager and no
market was reported. BY far the most
Of the native demand in any branch Of
the trade was shown in the market for
yearlings. Buyers were keenly search
ing out animals of this class. While
they wanted the better grades first.
they also took yearltngs which were
not Of extra quality in preference to
good heavy steers. The trade does not
offer any reason for this sudden de-
mand for handy weight animals, save
that the warm weather may have had
something to do with the change In
sentiment.
Receipts this week total $4,000.
against 64,199 week ago and 1860
gain in receipts the market for good
to choice native steers closes the week
10@l5 cents higher than week ago,
and bulk of the stuff eligible to sell up
to $500 and higher shows 60@65 cents
advance on low prices noted two weeks
ago. The western range run for the
week stands $1,000, and thus there has
been a quite moderate supply Of ma
tives. which accounts for the generous
demand for well-anished corn-fed
steers Still it is the s7.o0@7.50 kinds,
rather than higher priced lots, which
show most gain. Medium and plain
natives, meeting competition from
Westerns however, are showing basis
largely 10 cents lower than week ago,
but in the fact that the big general
receipts have been cleared handily each
day this week there Is a good bit OF
satisfaction in the trade and evidence
of broadening outlet for beef.
Shippers have taken a few more cat
tie than a week ago, but this was due
chiefly to the fact that the good-quality
kinds were in short supply. Numerous
orders for strictly good grades of 1900
to 1850 pound steers have gone UNI
filed in recent days, and this tended TO
boost the market for that class of
goods on Wednesday and Thursday,
while the yearling steers also had
good shipping as we'll as packer de-
n1and. which had a strengthening ef-
feet on prices.
Failure of the s550@6.50 natives to
keep pace with strictly good corn-fed
kinds is easily accounted for in the fact
that these kinds have met strong com
petition from rangers. and the packers,
in holding range cattle prices to last
%hy,, 1,o1
leverage on the trade for the medium
and plain native steers, and instead of
paying higher rates for these, have
worked them little lower than week
ago This was the situation at the
start this week, and again on Wednes-
day the medium priced stuff was in
second best favor, altho net declines
are not serious enough to indicate
es pecial weakness in any branch Of
the market.
Week ahead is causing some uneasi-
ness among the sellers with regard to
probability of holding prices for a re-
&C ton Rangers will be here in big
numbers again next week, since west
ern cattle men are shipping out as fast
as they eau get cars, and corn-belt
feeders would do well to hold their OPP
erations down to a moderate volume II
a DIlCeD TGdh II 10 Uo dVOluGQ, SLICE
the killers are getting fully enough,
and, in fact, more beef than consump-
tive demand requires.
Sheep.
The great bulk of sheep were feeders
this week, as there have been compare
| lively few shipments Of fat Inuttons
moving. The cause of the demand has
been the promise Of cheaper feed. The
trade rather looks for a moderate run
of live muttons the coming week.
Chicago Livestock.
Chicago, Oct. observation-disclosures
receipts for today, 200; opened steady.
Beeves . ........ 1850 7.S5
Suckers and feeders. ..3.4O@5.57h
Cows and heifers ........ 2.25@ $50
Western steers ........... 1850 5.s5
Texas steers ............ 1850 $50
Calves $500. ............. 7.5o@10.o0
Iogs-Estimated receipts for today,
6 900; opened 5 to 10 cents higher.
Light ...... .............. $3.50 $50
Mixed $50. .............. $3.50 $50
Heavy $40. ............. s.10@ 8.95
Rough 80. .............. 81o@ $50
| Good to choice heavy $500. $500 1896
Bulk Of sales .......... $500 s.95