Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-05
RECEIPTS MODERATE BUT DE.
MANDs OF BUYERS DID NOT
SHOW URGENCY.
HOGS SHOW STRENGTH
DURING ENTIRE SESSION
Packers Did Not Hesitate to Pay IS for
Primo Heavy Stuff-Lambs Generally
10 to Is Cents Higher-Sheep Show
Similar Advance - Current Quota
tions.

any better than normal. There was no
| actual decline registered in trade as
a whole.
Outlook ahead favors continuance OF
! last weeks conditions. viz, discrimina
/ ton against plain and common natives
and a lower price basis for them, all
tho the fact that the crop Of high grade
steers gives promise Of running about
up to the trade requirements does not
spell particularly higher prices for
that class. However, there is right now
| a little better prospect for the good
ones going higher than the cheaper
kinds. but the trade is figuring that 1t
| will require several weeks more to work
down the crop Of fat distillery beeves
! to a point which will permit the fin
ished natives getting much Of price
uplift as a result Of strong killer and
| shipper favor.
Latter grades were fairly numerous
last week, a conspicuous showing OF
| fat 1880 to 1900 h. steers making
1925. while prime 100 III and heavier
beeves went at $685. @6.45 and fancy
| Angus yearlings topped at $500. Big
gest share Of business in medium to
strictly good 100 to 14O0 ID steers
however, has been at $500 anu
! Of late the packers have bought
larger quota of plain light killers below
$3.50 and down to $5.25 than any week
this season. That they will get more
of them at these prices as the season
advances is the general belief. and even
now the trade is predicting so.oo
market for the plain and common nght
beef steers within the next few weeks
since a lot OF pretty good Texans nave
sold this week at western points around
fs4.65@5OO and right fat ones up to
1925. These proved cheaper, or course
than the native stuff, which has had
very little corn.
Just how fast the price widening pro-
cess will be carried on and to what
extent, WILL Of course, depend entirely
upon shipping sentiment in the corn
belt. The trade Is by no means IN q
nosition to handle anything like liberal
receipts. However, some reports OF i'm
| nending Jewish holidays as being like
| " to have effect on the market Tor
kosher beef are unfounded, since there
ara no Jewish holidays due in the near
| future.
Thus the market traders are looking
| for relatively better demand for fin
ished weighty beeves than the imma-
ture light stuff Latter crop is coming
| in plentitude, which suggests a lot OF
It still being back. while on the other
hand, barring heavy stillers, the opln-
ion prevails that the long-fed steers
are not going to show a falling off in
the runs within q short time.
| Illinois and Indiana slop sheds have
bulk Of the stillers, since Kentucky has
| moved much of this stuff east within
the last two weeks. it being bought
direct in the sheds by packers agents.
Hogs.
! Hogs opened stronger and retained
their strength thruout the greater part
of the session Packers did not hesi-
tate to pay up to Sc for prime heavy
stuff.
It is too early in June to afford the
trade any definite idea of probable
extent of the months marketing. This
weeks arrivals should be a fair criter-
ion of shipping sentiment this month.
| Should the runs pile up in big volume
the trade will naturally conclude that
| the country is well settled upon a
| liquidating policy, in which event the
bearish price predictions for this month
must naturally come somewhere near
true 1t is situation which demands
cautious merchandising of the crop.
There is no need for excessive shipping,
and the producer knows full well what
the probable outcome of such policy
will be.
Supply locally has moderated, but
western points are still full of hope.
The country shows a disposition to
cash in at present prices and the trade
has bunch that the stuff will keep
coming right along.
During the corresponding week last
year 500 was the top, but at the close
1925 took good hogs. 1t was 1920 q
$50 trade on the bulk then.
The heavy western run and an in
creasing in provision stocks during
May are the bearish features of the
situa ton. While it is conceded that
hogs are cutting UP at profit, contin-
ued good cash demand for product and
a wide open export outlet for lard and
bacon will be essential to maintenance
of present prices if the run keeps up.
Shippers curtailed their purchases
last week, taking about $4,000 against
$4,000 previous week. This has mil
itated against the light hog price and
narrowed the spread.
Quality continues good, but more
light mixed and up-and-d down stuff is
showing up and a widening Of the
spread is to be expected.
Receipts Of hogs at Chicago stock
wards last week totaled 49,, 400, or 5000
less than previous week, 22,s0o more
than same week last year and 1880
more than corresponding week two
years ago. Grand average Of CORE
spending weeks of last twelve years
which ranged at 10s,S49 to 1858. was
154,35S, or $4,000 more than last week
Estimated average weight of hogs at
Chicago last week was 240 pounds, or
pounds lighter than previous week,
pound lighter than same week last
year and % pounds heavier than CORE
spending week two years ago. Grand
average of corresponding weeks of last
twelve years, which ranged at 217
pounds to 241 pounds, was 227 pounds
or Is pounds lighter than last week.
Average price Of hogs at Chicago last
week figured $5.97. or cents higher
1 than previous week, 1851 lower than
same week last year, $1.45 lower than
like week two years ago and ~ cents
higher than corresponding week three
i years ago. Grand average OF CORE
lsponding weeks Of last twelve years