Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-04-24
Chicago, April 24.-Liberal Offering

Chicago, April 24.-Liberal offerings
had a hearsh effect on the cattle MAJ
kei taod4y and values were forced of
IL to % cents.
That the market is destined to stay
in a low notch for a few weeks ahead
/ is the belief among traders unless some
unforeseen Improvement occurs in the
beef trade or the country cuts receipts
At least % per cent below volume here
il, recen, weeks Beef retailers are per-
sisiently holding up their prices III
face Of strenuous public complaint and
also despite the fact that Wholesale
beef values are marked down to their
relative basis. as figured from cost
on the hoof. For two months past the
beef demand has been restricted 10
very light general volume, Lent hay
ing had its usual effect while yese-
tables, eggs and poultry were brought
down to unseasonably low prices, and
thus have had popular favor with con-
sumers as agains. hish-costing beef
Another factor contributing to the
decline IN beef steer values has been
the excellent beef-making season. Cat
tie were put in last fall and early in
the winter weighing heavy. and they
made greater winter beef gains than
in MANY years before. Result has
been an oversupply of beef. in the fact
that the cattle have come much In
creased in weight as compared with
recent years Even now Nebraska and
Kansas are holding considerable crop
Of heavy steers, the feeders having
kept right on making beef in spite OF
bad market conditions, hoping for
turn for the better.
The slop-ted cattle. Of which there
Is big supply in dist'lery sheds. are
already moving in light volumes, and
a these come forward freely the trade
argues there can hardly be much bet
ter prices, unless the beef demand re-
wives TO an unexpected state. It is
period when the feeder should act eau
.iousiy. and the best indication Of
caution and conservatism will be shown
in keeping heavy supplies of the mar
ket. since shipping them only means
hard losses in many cases. The future
can not be much worse than recent
events have proved, and there Is still
q possibility OF betterment
Hogs.
Hogs also suffered bad slump. the
market being Is to 20 cents lower. The
packers made determi ned efforts to get
good butchers under IS.
While the weeks run here was 5000
.ess than the previous week, shippers
have taken 5000 less. Supply shows
shrinkage at all western markets. the
I'VE points reporting but $4,000.
against 251, 600 previous week and 22s.-
900 a year ago. April receipts to date
are $1,000 In excess Of last year.
Provision people say that there is a
concentrated holding OF May pork by
stock yards people, and intimate that
The same men who had the January
pork are interested in May. There is
also a large holding Of May ribs by
packing interests, who showed a dis
position to give the shorts a squeeze
Friday. The price for May pork
jumped % cents between trades at one
time Friday. while May ribs advanced
% cents, with only few trades made
at intermediate figures. The Cudahays
are said TO be short distant futures OF
lard and ribs. and showed a disposition
TO cover Friday. Conservative traders,
however, do not look for fireworks in
the May products. as stocks are 100
large.
Sheep.