Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-03-06
STEERS AND BETTER GRADE
CATTLE SHOW STRENGTH IN
DAYS MARKET,
EARLY ADVANCE ON HOGS
CUT IN TWO BEFORE CLOSE
Opening Was Strong and 10 Cents
Higher But Lack Of Support Caused
Cut to S csnts-shsep and Lambs
open Steady and Choice Offerings
Sell at 10 Cent Adanvee.

! Chicago, March s-Cattle trade was
4 strong on the better grade of steer and
most other grades. but not much more
thai! STEADY on cows, a few Very choice
| warnings selling unusually high. The
general advance was lost about mid
day in spite of the fact that receipts
We're light.
! What vii happen this week depends
entirely upon the sentiment country
; kard affected by events at market this
week. Demand can not grow materially
for the reason that lot of beef eat
ers are consuming much less than
usua4 ara turning to the cheap eggs as
substitutes This effects continued
narrow call for beef, while Lent naeur-
ally has some influence along the same
line.
IT was an Irregular market all Ia ST
! week. ard the early sessions each day
saw highest spots. particularly on
Monday and Wednesday this was true,
shipper demand having best tone early
those days, and packers. being in a
mood TO fight advances. held out of the
deal until the shippers and exporters
had +, biggest share OF their orders.
when the locals waded in and effected
some price recessions
a week ago. but not proportionately
with the drop in receipts, and thus the
packers got a smaller percentage of
this weeks supply than last but there
was plenty Of evidence in local quar-
ters that the short surplus beef stocks
were satisfying packers in face of
slack beef outlet. and this is likely to
continue the case for come weeks
ia al rl-er
for beef IN Lent, and more often a bad
one, which is not much Of an induce
ment for free packer buying. Still
Lent year ago was a znod period In
the steer trade but it was due to short
supplies Of fat oullocks, condition no.
on the cards this year. and there is
none Of the bullish enthusiasm in che
trade which was SHOWN az this time
last year. Then wide speard in prices
was noted. Prime beeves topped at
$s.15 year ago this week and a lot of
$7.40@ 500 business was transacted.
while this week prime beeves sold at
ss.e5 and only a slim number af,ove
1913. while a spread Of $500 q $40 took
bulk Of good to choice grades and there
was not much doing in beef steer pur-
chases below $3.50. General bulk Of
steer selling this week was at S5.s04
| $50, while year ago the bulk cleared
at $500 7.4o. which suggests just
which kinds are relatively lowest SELL
ers on current markets.
| Supply Of strictly choice beeves Is
running a little lower than a few
weeks ago. but enough weii-condition-
| ed long fed kinds are still coming to
make safe predictions to the effect that
quota of strictly choice steers will con-
tinue well up to demands for some
weeks ahead. Kansas il not nearly
thru shipping that kind. altho Chicago
had few from that quarter this week.
| but expects a liberal dose early next
week A lot u high priced weighty
| feeders taken out in November and De-
! cember Will come back in the next few
weeks, and thanks to the excellent
gains they have made this winter. their
condition will be such as puts them in
! the choice class. Thus the trade 10 not
worrying much over available supplies
/ of well-fed steers. and since the
weighty sorts meet second best favor
to handy beef cuts probability is strong
! that high quality will not command
much greater premium over medium
to good lots during the next six weeks.
| Yearlings continue very scarce. but
| only the choicest lots get a brisk de-
macd. 4 few sold this week at $3.50
| 0sS5 and odd lots Al 1918. but quality
Of bulk was such as put them In q
selling notch no higher than the gen.
eral run Of 1880 to 1.35o-pound stuff,
and in fact quality had relatively the
| best demand and near yearlings, only
warmed up In condition, were not
wanted any more than the short-fed
and 3-year-olds which sold below IS.
Hogs.
| Hogs opened strong ard 10 cents
! higher than the previous close but lack
of support OF the regulars forced on
part Of the advance and the general
| gain was not over cents. Packers
were hardly willing to pay even cents
advance, but most Of them eventually
came to figures which were indicative
OF gain.
| Packers have been able to hold the
market down the past week on light
receipts, which has not been possible
heretofore this season, and the next
move is up to the country. Shippers
can not pay more than ex cents at in
terror points and play safe, and this
week will demonstrate whether or not
they have been able to jar hogs loose
IRON growers on 0ASlS
Heretofore whenever supply has been
cut prices have reacted, but the reac-
ton has been very feeble on this occas-
ion.
Packers are using the February in
crease in provision stocks as theil
chief bear argument. but indications
are that It IL being overworked. Eu.
rope IS q heavy buyer Of lard, which
is not bear factor. In the provision
pit 1t looks as II big tight IL likely
to be seen before the present contest.
ants have evened up their outstanding
contracts The bears figure that tn,
hog run is to continue large Will,
, the bulls believe that with genera
seeding time there will be q falling
OF in hog receipts at all points.
Receipts Of hogs at Chicago stool
yards last week totaled 13s, 800. or 20.
900 less than previous week, 1880
! more than same week last year, an
| $500 less than corresponding wed
two years ago. Tho general avseags q
corresponding weeks for the last twsov
years, which ranged ct 11o.43s to ~
, 80. was 153.3ss, or 17.1oo more thu
) ! iasss ~se.s. ..slss.s .,s.ns sa.,r week
larger than 17Syee0.
Estimstsd avseaGs wsight q AnGs. .
~ 10 i = ~ 49, q j. Z.