Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-12-18
HEAVY RECEIPTS IN CHICAGO
CAUSE GENERAL DECLINE or
15cENrs.
HOGS ALSO ABUNDANT
AND PRICES SLUMP
Market Declines Early 10 to IS Cents
Top For Day $e.e5-shsep and
Lamb Prices Generally Stsady-Re-
Wow Of Market conditions-currsnt
Quotations.

4! OF 10 cents.
! Quality of supplies is running true 20
all season predictions. Choice grades
are forming a scant quota Of the crop
and prime are now practically all in,
since the Christmas demand is about
! over. There has been scant quota Of
sales above $500 the past week, only
a few choice yearlings and weighty
beeves going at sS.25@S.75. and within
a short time $500 is expected to look
like a big price. inasmuch as there
is scant hope Of really choice quality
| grades being here in the next few
weeks, and since only prime are worth
sS.75@9.00 now, buyers assert that
near prime ones can not be worth the
same money after while. merely be-
cause nothing strictly prime happens
to be at hand. -
A spread OF s7.oo@7.s5 has taken
bulk Of wel-fed 1900 pound and heav-
Ter steers the past week, while the
medium to good 1900 to 1900 pound
grades have been cashed largely at
$6.40@7.00. Warmed-up light cattle
went mostly within range Of $4,000
635, common light killers out Of stalk
fields down to s5.25@5.50 and tailings
under $500. Big end Of this weeks
crop sold at s5.75 @7.75. against $3.50
7S5 last week and s5.15@6.4o a year
! ago, and thus, while tops are $40
| higher than a year ago, the general
run of medium to good steers is only
7Oc6 s1.35 higher.
Every thousand head Of habitat and
warmed-up steers which hits market in
the next few weeks, forced in by own
ers who will not feed high priced corn.
| will simply mean that many less ripe
beeves later on. and since there Is
known to be a relatively small crop of
! cattle feeding for late winter markets
it does not appear best policy to liqui-
date stuff freely. A short time ago,
when there was heap OF profit In SELL
ing short fed steers, as result Of the
higher prices then prevailing, there was
some excuse for shipping them freely.
but with the profit pretty much gone
now, since the slump In values Is at
hand, the logic Of that situation Is
Host.
Chica go received 1880 cattle last
week against e0,719 previous week, 72,-
$50 a year ago and S3,S40 two years
ago. while there were only 500 western
rangers in last weeks run, against 400
and 700 week and a year ago, re-
spectively. At the six markets there
were $4,000 cattle last week, against
| 10000 previous week and 1S5,700 a
year ago, and comparing with 224,2OO
two years ago.
Big run all around was thus a bad
thing for general trade, but western
prices for medium to good steers are
reduced equally as low as at Chicago,
and for the strictly well-fed kinds the
Chicago price is best, as proved in
sales of steers fed in the same lot in
Kansas, which sold in the Chicago,
Kansas City and ST. Louis markets last
week, the Kansas City drove going 75c
under Chicago price, and the st. Louis
lot at soc discount.
Hogs.
Early decline of 10 and 10 cents in
hogs was caused by heavy supply. Top
$3.50.
Receipts of hogs at Chicago stock
yards of last week totaled 165,40O or
100 less than the previous week, $500
more than the same week last year and
$500 less than the corresponding week
two years ago. Grand average Of the
corresponding weeks of the past twelve
years, which ranged at 155,360 to 235,-
$40. was 197,5O7.
Estimated average weight Of hogs At
Chicago last week was the same as the
official the previous week, or 213
pounds. which was II pounds lighter
than the same week year ago and 5
pounds lighter than the corresponding
week two years ago. Grand average
of the corresponding weeks of the past
twelve years. which ranged at 200
pounds to 245 pounds, figured s222
pounds.
Average price of hogs at Chicago last
week figured $615, or cents higher
; than the previous week. but $1.47 low
er than the same week last year and
$3.50 lower than the corresponding
week two years ago. Gland average
of the corresponding weeks Of the past
twelve years. which ranged at $4,000
S.45 was $3.50. g
Combined receipts Of hogs at eleven
markets last week totaled 651, 000,. or
5000 less than the previous week, $780,
900 more than the same week last year
and $4,000 more than the corresponding
, week two years ago Grand average OF
; the corresponding weeks Of the past
eleven years. which ranged at 277,00O
to 647.00O. was $4,000 Total for 1871
to date $4,000. 900, or 5,S11,000 more
) than the same period 1910 and 2.315,O00
:, more than the corresponding time 1903,
but 2.Sos.oOo less than the same period
1908. The four-year average figured
D 22,523.O00. =
Sheep.
Prices of sheep and lambs generally
were steady.
Receipts have been comparatively
, liberal and more cautious marketing
: will be necessary the remainder Of the
! year to offset the bearishne6s Of pack-
I ers who have a fair supply Of every
thing but prime stuff on hand. Slow
ness Of trade was marked Of late. espe-
ciallv on all but strictly desirable
kinds. Quality was fair, With strictly
, choice lots remarkably scarce.
} Continuance Of liberal runs at tl,i,
/. time can only result IN sprolongina
trade decentralization. With every in.
dication Of healthy market . Few
weeks hence. sacrifice Of stock lacl1hs
good killing quality Il current prtcei
. by those who can hold does not savol
!. ;of sanity. -S
The trade on everything grading On.
der choice 10 in such demol Slised con.
EDITION that no one claims the ABILITY