Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-04-17
STEERS BRING BETTER FIGURES
AND BULK OF CATTLE AD.
VANCE 10 TO IS CENTS.
HOGS SOUGHT EARLY eY
ScALPERS AND SHIPPERS
Lights Up 10 Cents and Heavy Sorts
About S Cents As Result Of Better
Decentralization Trade Quiet Do.
spite Very Light Run Quotations in
Chicago and Other Market centers.


today were small for Monday. Bulk OF
steers We're somewhat better and quo
ta:ions on all cattle showed 10 to Is
cents higher than the close Saturday.
The last week of Lent has proved
trade hoodoo, but what has happened
has merely made good all predictions
sent out week ago. A lot Of heavy
cattle have materialized and values
have been bumped hard.
Shippers and feeders of livestock
have been very heavy losers, as
prices have been far below expectation.
Heavy cattle have borne the brunt of
the decline. So hard have they been
to dispose if that the carry-over has
been heavy from day to day, clear
ance not having been effected until to-
day. Heavy steers have borne the
brunt of the decline and that trade has
been in the throes Of generalization
since yarding the Monday run began.
Killers are complaining of uneven dis
tribution, complaining that TOO many
cattle come Monday and not enough
the rest Of the week, but they have
never been credited with encouraging
distribution and railroads favor get
ting the bulk of supply here on Mon
day and Wednesday.
No optimism is in circulation. The
trade detects plenty of cattle lowering
on the market horizon to satisfy con-
sumptive demand for at least two
months to come, If not longer. The
whole meat situation is in depressed
condition and considerable time will be
needed to straighten it out. What will
happen next week is guessing match.
The Jewish Passover. which has eliTni-
mated Kosher demand this week. will
no longer be a factor, and as Lent is
over the season of meat abstinence
can not be used as q bear argument
any longer But one brand Of trade
adversely crops up promptly after an
other has been disposed Of and lugu-
brious prophecy is the rule. Next week
1t Is probable that receipts will be
somewhat higher. as last Mondays
bitter experience has left a. bad taste
in shippers mouths.
The slump last week has put prices
right back to the lowest level OF the
season. Big bullocks have been a drug.
eastern demand light and exporters
have taken few. Quality OF general
arrivals was the best In many weeks,
Kansas, Nebraska, Iowa and Illinois
being liberal contributors OF choice
heavy beeves.
Hogs were bought by scalpers and
shippers early. Lights were up about
10 cents and heavy sorts about cents.
A year ago the market was falling
rapidly from the II cent level reached
late in March. At the close OF the cor
responding week of 1910 it was 1915
ASS for the bulk and by the end Of
the subsequent week s9.40@S.50 took
the major part of the crop. Light
stun was worth ss.759s.so year ago
and the break of that week was Is
cents per cwt on the bulk
Considerable interest is developing in
the provision pit and observers detect
the possibility Of a big battle between
bulls and bears in that arena. While
the bears are strong Ana ncially, and
men who are well posted on market
conditions, for both provisions and
hogs. the bull longs are equally strong.
The latter is made up Of such men as
J. Ogden Armour and rich coterie
Of big SPECTATORS known in board Of
trade parlance as "the Stock Yards
Crowd"
Some Of the packers believe that
bottom prices for hogs have been
reached for the time being and that
an advance is likely and that another
depression in values will not be seen
until the June run Of hogs is in ev-
idence. Quality of hogs is detertor-
ating upon which but one construc-
ton can be placed, and that is that
the crop is pretty closely marketed,
otherwise the proportion Of up and
down mixed stuff would not be steadily
increasing. According to reports re-
ceived by the leading concerns in the
Chicago provision market stocks OF
meats in the hands Of jobbers are
abnormally small. There Is likely to
be seen general buying Of cash stuff
In the near future in the event OF any
hardening of values. either at the
stock yards or in the pit The south
has been taking cash meats only in
a hand to mouth way for some time.
and farm work is now being pushed
down there and additional amounts Of
meat and lard viii be wanted. The
trade on export account has been
small for time, but It was reported
yesterday that former "nibbles" from
abroad nave developed into actual
bite"
Months ago Patrick Cudahy, who
has been the most outsroken Of the
bears, predicted that not only the
hogs but the entire provision list
would decline to the present and lower
level. The Cudahys and their follow
ers have sold millions and millions of
pounds of ribs short-a great deal of
which Is for May delivery-and other
equally strong interests in the trade
have sold enormous quantities Of lard
for May and July delivery.
At the moment these big bear shorts
have handsome profits to their credit.
and they will make an effort to change
paper profits for real gold before the
month Of May has nassed.
Sheep.
| DESPITE the light run the trade IN
muttons was quiet Clipped lambs
sold at $3.50.
! Supply figures go far in explaining
! prevailing demoralized trade condi-
tons. Chicago receipts last week
showed an increase OF about 5000 over
the previous week and q gain Of $1,000
over the like week last year. Five
western markets received $1,000 more
sheep and lambs the past week thar
the corresponding week last year. and
| the same flve markets have had around