Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-04-25
GENERAL MARKET FINISHES
CENTS HIGHER WITH ExcEP.
TON OF LITTLE FELLOWS,
BULK SELL AROUND
$500 AND UP TO ss.15
Cattle Market Slow and No Better
Than Steady-Little Demand for
Steers-Sheep and Lambs Steady for
Good Sorts, With Demand Tame
Current Quotations.


with general advance of cents with
the exception of lights, which did not
show much better than steady. Bulk
sold at S6.00@6.15. Packers prices
were generally S6.O0@6.1o.
Receipts OF hogs Monday were about
$4,000 beyond general expectations, be-
ing estimated early at $4,000 and later
at $4,000, against 2S,921 week ago and
17,S47 a year ago. A year ago This
week receipts We're among the smallest
on record, or 63,S33, being only about
10000 more than Mondays total. Buy
ers took advantage Of the big run and
ceeded in lowering prices 1920 cents.
Combined receipts Of hogs at eleven
markets Monday totaled 113. 500. or 26,-
500 more than week ago, $500 more
than year ago and 400 more than cor
responding Monday two years ago. Chi
cago had $4,000 more than week ago
and $4,000 more than year ago. kan
sas City received 1000 less than week
ago and 1000 more than year ago.
Omaha had 1000 more than week ago
and 800 more than year ago. St.
Louis had 1000 less than week ago and
$500 more than year ago. St. Joseph
had 1000 more than week ago and s.
600 more than year ago. Total for 1911
to date 7,63500o, or 1,5s2 900 more than
same period in 1910 and 6sS,O00 less
than corresponding time IN 1909.
Lard traders are less pessimistic
than recently despite the fact that a
lot of it is being made. A local op-
orator said: Our exceptionally heavy
exports the last few months is good
demonstration of what prices will do
to bring back consumption Of lard. It
is a well-known fact that the spec
ulattve pendulum always swings to ex-
rrelnes, and we fully believe the price
Of lard today is below its intrinsic val
ne. Our Chicago stocks in lard are
only medium, compared to the price.
Besides. hogs are now selling at 81
cents Chicago, whereas corn. the prin-
cipal producer of tat, Is worth over 80
cents in the Chicago market"
Cattle.
Cattle were slow and no better than
steady. There was hardly any demand
for steers.
Cause OF the big supply Monday was
reasoned in this way: A lot Of feeders,
firing of keeping cattle in face of de-
pressed conditions at market, evidently
thought that after last weeks bad af-
fairs in the trade there would be many
others who would stay away Thus
they would "sneak In" and get rid Of
their holdings. But everybody else ap-
parently had the same idea In mind
and the result was an excessive sup
ply. which could only throw the con-
ditions into much deeper gloom.
That the trade will need only a hand
full of cattle later this week goes with
out saying. The demand from shippers
and exporters must nece ssarily be small
in later days for reason that these in
terests were Monday given a great OPP
portunity to lay in more cattle than
they needed and at cheap prices It was
a case where the buyers all had to go
over their orders if the run was to be
anywhere near cleared. and this buying
policy was followed in a good many
cases. The beef men Of local houses
were out with some buyers sizing up
on the hoof the cheap beef they will
hang on the hooks in a few days No
doubt they were well pleased with the
quality Of stuff which the buyers got
at the prices. since the sellers were
disappointed in the same proportion.
The break Monday put lot of good
dressed beef cattle in the 1915 notch
that were doing $6.15, or better very
FeSehtiJ. AS dudiiiy WIS SOOQ Z
spread Of s5.75@6.10 took large slice
of the crop and at 1910 steers had to
be good, while there was q consider
able percentage Of light steers below
$5.75.
Having held back a lot Of heavy cat
tie in recent weeks while markets were
on down grade it is evident that many
feeders tired of the holding process
last week. and in spite of the worst
ccrdition Of affairs in three years pre-
vailing at market, they let their hold
ings come for Mondays trade, piling up
run Of $1,000. And what is the re-
suit? Further decline, naturally. The