Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-11-17
PRICES RECOVER AFTER SHORT
PERIOD OF WEAKNESS IN
EARLY TRADING,
TOP PRICE FOR DAY
ADVANCED TO s6.75
Cattle Trade Was Steady-Beef Prices
Show Considerable Slump for Week
and Price Spread Narrows-Sheep
and Lambs NominaIIy Steady, With
Demand Slow.

Chicago, Nov. 17.-Hog buying was
active today. Prices recovered after a
short period of weakness. The top was
1918.
There were 100000 hogs at eleven
markets Thursday or 1890 more than
a week ago. $4,000 more than a year
ago and $4,000 more than correspond
ing Thursday two years ago. Chicago
received 2,400 more than a week ago
and 1000 more than year ago. Kan
sas City had 1000 less than week ago
and 1000 more than year ago. Omaha
I had 1900 more than week ago. ST
Louis had 1900 more than year ago.
St Joseph had 1000 more than week
ago and 1000 more than a year ago.
Sioux City had 1000 less than week
ago and a year ago. indianapolis was
credited with 1000 more than a week
ago and a year ago. Buffalo received
twice as many as a week ago and 1000
more than year ago. Total the first
four days this week $4,000. or 5000
more than the same time last week,
10000 more than the CORES ponding
t four days two years ago. Total for
1911 to date. 21.191 600. or 5.071, 900 more
than the same period in 1910 and 1864
|
in 1909.
I Cattle.
| The cattle trade was steady
! For the high grade corn-fed steers
OF value at s7.75@S.OO and higher the
market is down sOd4o cents from
| Monday, tho stuff nominally quoted at
sS.25Gs.75 is hardly more than 15@25
cents off, while sales of fancy beeves at
s9.1o@9.25 on Wednesday showed 100
! Is cents cut from the seasons high
point last week. However. the 50 and
higher grades are strictly in the spec
ialty class and short decline for them
/ is no criterion of the general trade.
/ All kinds of logical reasons are at
! hand to account for the decline. Chi
cago had $4,000 cattle in four days this
week. against 1854 a week ago and
| 6S,302 a year ago, while of this crop
the shippers have taken 21,500, against
26.766 a week ago. an unusual falling
off in outward movement in face OF
the big increase in supplies. tho it
can be accounted for in part by the
| failure Of country demand for feeding
| stuff to show normal strength.
| The excess supply has been far
ahead of beef trade needs. 1t is fact
that the beef market is holding IN
moderately good shape, and the killers
are well approaching big runs, but
one reason for this is that the heavy
supplies afford some cheap buying of
steers. affordirg plenty of margin for
beef carrying cost.
Big marketings. too. afford wide
variance in the prices for steers Of
! identical class. Sales of cattle almost
| identical in grade are r'ade as much
as 50G60 cents apart, and the buyers
get the hest Of this situation. since the
/ bulk of trades are at the low end of the
price spread.
What will happen next week In
event of another deluge of steers can
easily be surmsed. 1t Is imperative
| that country shippers slow down their
activities, but since market has been
severely hammered since Monday,
there is some likelihood that the ship
pers will be able to do only a small
business on basis of current Chicago
values. Many cattle sold Wednesday
at rates below country cost.
A run not over $4,000 next Monday
| will likely suit the conditions, but
even smaller supply will suit the trade,
in view Of the general crop Of hold
overs from this weeks market, which
VIII then be on sale. fortunately Wed
+, nesdays actual crop did not run up
to the expectancy of few in the trade
whose estimates late in that session
We're as high as $1,000. There was lit
| tie possibility of this estimate filing,
however. since tardy deliveries made
it certain that lot of stuff billed to
get here Wednesday would have to be
counted in the Thursday run, and this
accounted for an estimate Of 10000 for
the Thursday market.
Sheep.
| Sheep and lambs were nominally
steady. with demand slow and but little
price change.
Cautious marketing Of lambs will be
needed early next wee!: to check the
| bearish turn of the market, as the east
ern situation is anything but healthy.
and with buyers having q lot Of stuff
on hand they can be rather independ-
ent, except on prime kinds. Local buy
ers had few outsiders to contend with
on fat lots. Bucky stock should be
purchased at large discount. as the
market in its present condition is bad
for such lots and big discounts are
made in order to clear them.