Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-11-04
MARKET SHOWS STRENGTH AND
PRICES ARE ON LEVEL WITH
FRIDAYS BEST.
CATTLE CLOSE WEEK
ON HIGHER LEVELS
All Sorts Show Advance in Recent
Days, With Choice Steers at High
est Point in Two Ysars-Shssp and
Lambs STANDARDIZATION at Live
stock csntsrs.

! Chicago, Nov. 4.-Thc hog market
was active and prices showed strength
| Good hogs sold fully as high as prices
| obtainabie yesterday
| 1t is a definitely settled fact that
there is now in the making many
thousand less hogs than few weeks
| ago, and this will have a strong bear
| ing on the future market
! Hogs which are healthy and in ter
! ritories free from the cholera scourge
| should be held in the country to grow
rather than shipped out now, merely
I; because the market has been hitting
down grade for some time past.
At current prices for corn and hogs
it still pays to feed hogs. and pays
! big. None of the hog growers ex-
| pected long continued $11 market
when the price was upsto that figure
in March. 1910 The extreme high point
then was due to scarcity, and in event
T; that the fall pig crop is liquidated
| freely in the next few weeks there
will be no great surprise if prices
again go skyward next spring, altho
the greatly larger production of hogs
induced by last years 50 to 81 mar
kets forestalls any such fancy prices
being reached.
That the market can not go much
lower than current levels, is, however.
an opinion which is gaining ground
among traders Altho there are gen
erous receipts now. the fact that aver
age weights are dropping means that
increase in receipts only make up in
part the deficiency in pounds Of pork
for the trade.
In a great percentage Of the ship
ments arriving at markets are pigs
ranging in weight from 25 to 40
pounds. Influx of this stuff at market
simply means a scary situation In ter
ritories from which they emanate. and
this condition Of affairs is at least
not conducive to the belief that gen
erous receipts will be had from big
producing sections in the late months
of the winter packing season.
Heretofore this season Illinois has
contributed practically all Of the little
pigs. In fact, the biggest share Of the
little fellows still come from nearby
territory. but Iowa is sending a fair
n:mber Of pigs now, and much Of an
| increase in the crop from the latter
state can be taken only as an indica-
tion that health Of the Iowa pigs is
declining.
Cattle.
Cattle prices were Of the usual NOM
ina tone on Saturday. The market
closed the week on higher levels on all
sorts Of cattle Choice steers are now
Of he y; ohc in,
Market is closing the week in a state
Of satisfaction, such as was hoped for
a week ago, but at that time the sit
! uat!on was in such badly demoralized
state that few people were able to look
ahead 10 this weeks trade with any
assurance of better things material-.-
ing. They have, however, and the COM
ing of better times in the trade has
brought prices up sharply all along the
line. At the finish the market is con-
servatively 3OM40 cents higher than
last week for everything on the list
but there were lot of sales on We'd
nesday which showed so cents gain
both the medium and plain as well as
strictly good beeves showing this ad-
| vance over low time last week
| Some little slipping back Of values
since Wednesday. however, has well in
| dicated that the killers tire easily OF
paying advancing prices, and will not
90 SO unless in urgent need Of beef
The beef demand has been less urgent
! since wednesday. hence the reaction in
| prices. Still reaction has not affected
| choice to prime grades. The latter are
making prices highest in two years
/ past and there remains a lot Of bullisl
expectancw relative to the future OF
| the trade for fancy steers. Establish.
| ment of a 1915 top this week only ma.
/ terialized lot Of bullish predictions
and now the traders are still not sat
| isfied, but predict new higher rates 70,
the balance Of the seasons crop o.
prime beeves, the fancy prices 70,
them do not stand as much Of cri.
terrain for the general trade.
| Local killers are buying most OF thu
| fancy beeves, the eastern shippers be.
ing satisfied to pay little less none.
and get something pretty near as good
! The killer attitude in boosting the mar.
ket for fancy stuff is not bad ont
from their viewpoint either. It shoult
have two effects. First, enabling then
to raise prices for beef cut from goot
/ to choice steers. as well as the primes
ones; while secondly, the 50 and higher
market is looked upon az likely to en-
courage feeders making a bigger crol
Of prime ones for next years market.
This was the result a year ago, IN
duced by the fancy prices paid in TIL,
fall of 1903, but a year ago the feeders
who marketed prime steers at $7.50@
7.75 lost "scads' of money, and tn,
bulk of the choice stuff which came h
the first months Of 1911 also cost tn
producers lot more money than the!
brought on the market.
From these lessons 1t is expected tina
they will have secured sonle knowledg
which ought to stand them well in han,
in figuring on the future. Meantime tn
short-time feeders. who are re4pin,
some financial reward a. result Of Te
cent reaction IN the tradsT assert tia
they are well satisfied with their meth
DDS OF making beef and fitting quito
turns on their holdings.
Receipts this week tell the story q
price reaction. In ave days ChtcaS
has had $1,000 cattle, against "a. $751;;
week ago and 1865 d ysar' ago. Will