Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-10-24

Chicago. Oct. a4.-Eogs were weak
and demand slow. Extreme top was
$3.50. paid for light butcher hogs.
Liberal eastern and local hog receipts
Monday swelled the combined total at
eleven markets to 1c3.5oo, or 10000
more than a week ago. 10000 more than
d year ago and 24.s0o more than the
corresponding Monday two years ago.
week ago and 10000 more than year
ago. Kansas City had 5000 more than
q year ago. Omaha had 1000 less
than a week ago. St. Louis had 1905
more than week ago and 5000 more
more than a week ago and 100 more
than year ago. Sioux City had 1000
less than a week ago. Total for 191i
10 date 1s.24o.ooo or l,445.ooo more
than the same period in 1910 and L.
100000 more than the corresponding
time in 1909.
Cattle prices did not look any lower
than yesterday, No choice stuff was
offered
Just what brought out the big over
supply Monday was a question hard 10
solve. unless it was a desire on owners
part to pc carrying s:uE IN bad
weather. Too much rain in the last few
weeks has put feed yards in mean sha pc
and caused waste of a lot of high
priced corn. Still the bulk Of stuff at
hand never had much opportunity, to
waste much corn. for reason that it
was not fed to them, and the real
reason for big receipts was accepted as
a plan on the shippers part to escape
a big feed hill In maturing this stuff.
No further explanation Of shortage
81 choice steers in the crop was needed
than that the country has apparently
run its race in shipping that kind. The
only really liberal supplies londing in
the last two weeks have come as the
result of sellers coaxing the feeders to
let them loose on assurance of keen
demand for that kind on arriving at
market and thus far the killers are
holding TO their end Of the agreement
with respect to that kind at the same
tine boosting the beef prices and max
ing the consumer settle for the price
rises
Whenever the public opines that it is
paving too much money for any COM
80
the selling circles where the particular
commodity is handled
This situation may be safely be said
to be approaching the cattle trade.
Since the best steers have risen $3.50
per hundred weisht over low point this
year to a level highest in two years,
and there is corresponding advance in
beef cost TO the consumer watch out
for consequences when the latter balHs.
which he surely Will if prices go much
higher.
The consumer is regulator of prices
thru his bility to shorten demand. II
he will not buy fancy beef at fancy
prices the value Of that commodity
must necessarily come down.
Still the consumer is getting so very
little fancy beef this season that 1t is
really Of no significance in the situa-
tica as affecting the general beef mar
iet
For beef Of common to good grade
the market now is in quite satisfactory
shape. But 1t is high proportionately
With the prime beef.
a few more rises in cost Of beef may
be expected to bring out severe public
condemnation Of cost.
Meantime the beef producers know
ing the real cause for high prices IN
the fat cattle market 20 be shortage OF
fat cattle, will keep right on maturing
their steers. feeling reasonably well
assured that this year the consumer
will come to realize that shortage is
not a theory but a genuine reality in
the cattle trade
Sheep.
Sheep were steady and hest grades OF
fat lambs up TO yesterdays levels.
Receipts were jugsied considerably
Monday. and while the first count post
ed was 5000 it was soon increased
10 10000 with some claiming ever
more would actually arrive. but still
later the more conservative traders
were basing their operations on $4,000
with others compromising at $1,000
A week ago the record number o.
1872 showed up. and year ago 1895;
were received, while 1883 showed W
the corresponding Monday .wo years
20. Six markets were credited witt
ISL 400. or $500 more than a week ago
/ IS. 400 more than a year ago and 74.1ot
compared with the corresponding Mon
| day two years ago.