Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-01-28
SHIPPING DEMAND
MADE HOGS HIGHER
BUYERS WANTED LIGHTS ON
THIS ACCOUNT AND BID
PRICES UP.
MARKET EAsEo OFF ERE
SO TOP WAS REACHED
Cattle Trade at standstiil, No Buying
and as Result Prices Remained Un-
changed Nothing Ahead in Favor
Higher Prices Coming Week-Sheep
and Lambs DepIorable.

and Lambs DepIorable.
Chicago, Jan. 2S.-Light hogs were In
demand today Buyers on shipping ac-
count wanted this grade, and they bid
prices up, paying about 5 cents more
than the same sort of animals would
have cost at the previous session. The
top was S795, and it was believed that
the right kind of hogs would have sold
at SIS early. tho subsequent easing off OF
the market made it improbable that
such figure could be secured after the
first hour. Packers did not show any
eagerness to take hold at any time
The five principal western markets
had about $4,000 Friday, against 81
800 last week and the tive-day run at
these points is $4,000 against 100000
last wSsk Much ado has been made
about the enormous run, but figures do
mot indicate it's presence at market
cents. During the same period last
week 276,0O0 arrived but that was a
very light run. storms interfering with
the railroad movement.
Next week will furnish a test. AL
ready there are indications that the
break since Monday is exerting cur
failing influence on supply. Country
buyers in town today say growers have
not abandoned their position and are
turning down bids based on current
prices here Stocks of hog products at
Chicago are estimated at 1850 barrels
of pork. $500 tanks of lard, and 4,oOo,-
900 pounds ribs. The pork estimate
includes 600 barrels new. The stock of
ribs on Jan. ! was 2.663.459 pounds.
Lard shows a decrease of about 5000
tierces since Jan. 1.
Provision specialists said that the
packers were scalping the market on
big scale, hoping to cause a break in
the hog market There was a small
Improvement in the demand for side
meats from the south. and with the
promise Of a record acreage planted
to cotton they are looking for the de-
mand to continue. Fresh meat is SELL
ing readily and very little cured pro-
duct is being made.
Cattle.
The cattle trade was at standstill
There was no buying. and. consequent
ly. prices remained just the same as
they were at the close yesterday. Prices
have ruled lower on practically every
day since Monday. There is nothing
ahead in the way of higher prices for
the coming week, unless the country
cuts down its offerings.
The trade Is beginning to strongly
feel the effects OF cheaper corn in that
a much greater volume OF 1t has been
fed this winter than in recent years.
and many of the cattle having gone in
as strong weight feeders are now COM
ing out with whole lot more pounds
Of beef on their frames than Is custom
airy among liberal percentage OF re-
ceipts at this period OF the year The
trade is getting more OF the bfg-weight
steers than can be moved into con-
sumptive channels, where partiality Is
being shown good-quality handy and
ilight-weight carcasses. Result Of this
discrimination in demand for the med
fum and lower and middle priced steers
this week, with the closing rates for
bulk Of value around Sc and lower only
about 10 cents down from the close
last week as comparing with the more
severe breaks for weighty stuff, and this
weeks decline for the latter grades. or
| Top of sharp price recessions last week
has brought the fat 400 to 1900 Id
of the season.
| In the first three weeks OF this month
price fluctuations were mainly within
a csc spread. but the market has brok-
en- away from the spell OF lower one
week and reacting another. There have
been two successive weeks Of declining
values now, the result OF total OF
$4,000 cattle at Chicago in this period
and it is plain that killers arguments
of heavily stocked coolers must be CIV
en- some heed. Beef is not moving into
| consumptive channels with the same
freedom it is coming to market on the
hoof, with the inevitable result thai
the steer trade is weakening into g
state which will demand careful nurs-
| ing if price recuperation is to be hac
the week ahead.
! Five days receipts this week tota
$4,000, against 1886 a week ago ant
s3.794 a year ago, and the trade i:
firmly of the belief that IT will require
some considerable trimming down o.
supplies at the outset next week If mar.
| ket is to be saved from further price
! depression.
! The shippers have been the salvation
! Of this weeks trade, buying within {
! few hundred Of the number which Wen
east a week ago, their liberal patronag,
| being significant Of at least a fairly de-
cent beef situation in the east, a!
against the local conditions. altho I'm,
seasonably warm weather has been {
deterrent factor all around. A drop o
Is to 90 degrees in the temperature her,
and at seaboard would doubtless effec
a considerable revival in beef demand
while freezing weather would also pu
feed yards in better condition to holt
cattle. The situation now works agains
the feeders both at home and at mar
ket. Keeping the stuff means consider
able waste Of feed while liquidation re-
suits only in price breaking at this enc
Of the line.
The only classes for which there i
really reliable demand are choice t
prime yearlings. There are numerous
orders for strictly fancy yearling
which the buyers have held all thi
week, being unable to find that sor
among the receipts. but the price dis
elimination against prime and goo,
yearlfngs is severe enough to make tn
feeder Of good bunch hesitate con
siderably before shipping, since II the!
do not come up to requirements tn
selling price must necessarily be man!
notches away from figures quoted 70
|. L., -A,.AR