Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-02-14
HEAVY HOG RUN
AGAIN BUMPS PRICES
MARKET FINISHES 10 ITO IS CENTS
UNDER MONDAYS CLOSING
QUOTATIONS..
HEAVY RUN OF MONDAY
STILL STRONG INFLUENCE
Light Receipts at Cattle Yards Has
Beneficial Effset-Price Change. Not
Material - Sheep Hold Steady
Quotations at Various Market Cen.
tiers.


tiers.
Chicago. Feb. 14.-Another heavy run
IF hogs caused additional lowering OF
prices today. The influence of the
neavy run of Monday was still felt, and
lower. further recessions were marked
UP and compared TO Mondays close
Prices We're 10 to Is cents lower.
The season is at hand when big runs
are expected, past due, in fact. since
the January supply was not up to the
normal, when the size of the crop held
in the country was taken into con-
sheraton Hogs have done we'll this
winter weather being decidedly in
growers favor and weight gains have
been unusually good. The corn being
comparatively cheap in price. it has
make weights. A country selling price
of 81 and his,her meant good profit to
the producers, and since the hogs were
gaining fast in weight, there was not
much incentive to ship.
grade hard however the situation is
somewhat changed, and it remains TO
be seen just how bullish the country
can act under very bearish situation
at this end of the line. That the pack
ers appreciate big runs goes without
saving Their product stocks have
been low for months past. since the
consumptive demand has cleared cell
lars about as fast as they have been
stocked. Reserve supplies have been
comparatively unheard Of for many
weeks past. and as long as the fresh
meat trade holds good the market
stands no chance of being glutted.
Naturally the values must work still
lower under pressure OF repeated
heavy supplies such as here today,
hut few further hard wallops aimed
at the price basis can not but bring
the country to its sober senses, and the
packers may rest assured that a 81
and lower market is not going to be
established without more strenuous
country opposition than today's big
supply would seem to indicate.
When one days receipts show
largest total in nearly two years 1t is
suggestive of a disposition among
growers to cash holdings, even in face
OF steadily declining prices. but there
is a limit to heavy marketing, when
the prices begin pounding on soft
spots which give the producers slim
profit When market hits this level
there should be some disposition to
hold up the runs. II is largely $1.1o
1725 market trade today. and consid-
cradle selling of rough stuff shows 4
basis under 81. This means $3.50
country basis, and a much lower price
level at loading stations can only bring
out some very sour disposition among
the growers.
Cattle.
The cattle market opened slow TO
weak but steadted somewhat because
of light receipts There was not much
price change.
There was a liberal run at all west
arn markets Monday. the five principal
points reporting 63.5o0, against $4,000
last week and $4,000 year ago. Local
supply was 5000 in excess OF weekend
expectation. but there was reason for
it. The market had sharp bulge last
week and that Is always the signal for
en- expansion in the movement nova
days, indicating that the country has
the cattle, feed lots are muddy and
there Is a disposition to cash in the
old set OF cattle. On the other hand
last weeks very limited supply has
left killers somewhat short OF beef
They had easy picking Monday, how.
ever. and went about the task OF APP
praising the run very deliberately
While quality Jared better than me
liocrity and inferiority. weight was
st,N lacking in popularity. buyers pick
ing out the light and medium weight
delegation with finish first. There wal
3 little OF everything in the run, but II
was we'll freighted with short-fed 100
to 1900 pound cattle, many Of them o.
low dressing quality.
Trade acted Monday as tho heav!
run on Wednesday would give II set
hack. Last weeks advance was &C.
complished by holding down supply
and as killers are contenting them
selves with doing hand-to-moutf
business. they balk the movement unit
their actual needs are satisfied. Their
was nothing about Mondays trade K
warrant enthusiasm or heavy receipts
on the mid-week session.
| Beef weather is still bad every.
where. Last weeks promise of a spell
Of winter proves to have been a hoax
Temperatures are high and atmos.
phere muggy all over the east.
shsep.
| The sheep market was steady will
top for lambs at 1925.
| Chicago Livestock.
Chicago. Feb. 14.-Cattle-Estfnat et
receipts for today, 5000: market opened