Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-05-05
PACKERS KEEP OUT OF MARKET
UNTIL LATE AND THEN BID
At CENTS DECLINE.
CATTLE MARKET STEADY
ON SMALL RECEIPTS
Few Choice Offerings Show Up-Sheep
and Lamb Market Strong and Gen.
orally 10 to IS Cents Hisher-Cuota-
tions in Chicago and Other Live
stock Centers.

scalpers looked barely steady, but pack
ers were not in the market until late
and they signalized their entrance
bidding at least cents less than
prices at the close yesterday.
Trade sentiment is decidedly bear
ish. The gap in supply predicted
when spring work in the country be
gan has not materialized and it be-
gins to look like a big run all thru
May. A fact not to be overlooked is
that deliveries of May product have
gone into strong hands, which sug-
gests that packers may find it to their
interest to support the market. Cash
trade is still quiet, but is credited
with showing a little Improvement.
Stocks Of provisions at Chicago.
Kansas City, Omaha, ST. Joseph and
Milwaukee May 1, as compiled by
Schwarz & Co, show an increase Of
1920 900 pounds Of meat during April,
compared with 7,457.000 pounds in April
last yea~ and a decrease of "a, $4,000
pounds in lyU9, and loss OF So $4,000
pounds in April, 1909. Contract lard
increased 1882 ties and contract pork
1,121 barrels during April.
Combined receipts of hogs at eleven
markets Friday totaled $500. or 800
Iioi NIidu WSCh oSCs 7f,1u lioiS lIA>iit
year ago, and 1890 more than CORE
spending Thursday two wears ago. Chi
cago received 5000 more than week
ago and $1,000 more than year ago.
Kansas City had 1000 more than week
ago and 5000 more than year ago.
Omaha had 6,700 more than year ago.
ST. Louis had 1000 more than week ago
and 5000 more than year ago. St Jo-
seph had $500 less than week ago and
$500 more than year ago. Sioux City
had 1000 less than week ago and 1920
more than year ago. Total thus far
this week $4,000, or 1000 less than
same time last week, $4,000 more than
like period last year and $4,000 more
than corresponding four days two
years years ago. Total for 1911 to date
s,396 900, or $4,000 more than same
period in 1910 and $4,000 less than
corresponding time in 1909.
Cattle.
Cattle were steady on small receipts.
A few loads Of less desirable butcher
sorts were offered within the first hour
at steady prices but the market was
not active until near the close.
The conditions at market this week
are a shade better than last but it has
been due largely to the fact that beef
COulO lS lldO wen WOIlA Tie IlOucy,
and killers In being able to get the
money with some easiness are not re-
tuctant to buy beef cheapiy and store
it away for the proverbial rainy day"
when cattle shipments shall fall off as
result of too excessive narketings In
recent weeks. There is indication now
that fat cattle supplies are full enough
to take care Of all possible demands in
- f,,f,, A lot nF Nahra la a nd
Iowa beeves are ready for market,
while the Illinois, Indiana and Ken
lucky distillery fed cattle are now fat
but while prices were going down there
were many feeders who firmly resolved
to hold on at least until there was ces-
sation Of decline.
A big raft of light and Unfinished
/ stuff, if it Is costing lot of money to
carry them on corn, could be turned
into pasture. Grass is coming along
nicely in nearly all sections. It will
prove the salvation of feeders and
those who take advantage Of it and
! quit cashing light and medium weight
cattle which are fat should win out in
| the end.
| There is nothing in the trade situa-
ton now which points to prolonged
| season of badly depressed beef demand
Z
and in consequence long continued de-
moralization Of steer trade. Rather, 1t
| is coming a time when confidence
should be restored, and the sooner the
| feeding interests show stronger con-
fdence in the stability of future de-
nand for beef, the sooner will condi-
lions at market, by force Of being re-
! Iieved Of burdensome supplies, begin
to show some permanent improvement.
1t is not time for grave anxiety
among beef makers. The largest feed
ers are already taking little flrmer
grip on their nerve, determined to fight
it out from now on. A little Of this re-
newed confidence is needG also IN
! quarters where less capitalsts at stake
| Sheep.
The sheep and lamb market was
strong, being 10 to Is cents higher.
Chicago Livestock.
| Chicago, May 5.-Cattle-Estfmate
/ n. or1ro