Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-12-29
HEAVY SUPPLY IN CHICAGO RE.
Suits IN EARLY DROP
IN PRICES
NO CHANGE IN MARKET
IN CATTLE DIVISION
Fair Demand for Butcher stuff-M ar.
ket on No Lower Basis Than Week
Aso-shsep and Lambs STEADY,
Lambs Topping at S6.6o-Rsvisw Of
Market Conditions.

! Chicago, Dec. pa heavy supply
caused an early slump in hog prices.
indications pointing to a drop OF 10 to
Is cents.
{ Combined receipts of hogs at eleven
markets Thursday totaled 92.7o0, or
500 less than week ago, 21,i00 more
than year ago. and 24.10o more than
the CORES onding day two years. ago.
Total for the first four days this week
! ZOO. which is less than the same
time last week. 5000 less than the like
period a year ago and $4,000 more than
! the corresponding time two years ago.
| Total for 1911 to date 2i,77770o0. or s.
! 996, 900 more than the same period 1910
and 2.454 600 more than the CORE
! spending time 1909.
( Cattle.
There was no change in the market
for cattle. tho there was a fair market
for butcher stuff.
The effect OF shortage in supplies Of
long fed feeders is plainl! written all
over the trade. That kind are wanted
because they are hard 10 find. Buyers
have been securing the yards for them
all week, but due to the pressure of
bearish influence in trade for light and
medium weight steers, all excepting
the choicest heavy steers are also lower
than a week ago.
However. good share of the stuff
worth $3.50 and better now is showing
/ only about - cents drop from rates
in force a week ago. While the bulk
Of the sS.5oG125 steers are down a
fat % cents and a lot Of them show
I 900 30 cents decline from the sharply
IL
Lower priced light stuff. even taking
/ into consideration the better market
Thursday. still, showed 1925 cents
! decline from week ago.
These lower prices. despite the Mon
! day holiday this week and the fact tina;
supplies for the week to date at 41,10O
stand 1920 below a week ago. we'll in
dicates shaky situation in the beef
trade. which killers are catering TO by
holding down their demands for cattle.
/ The crop stands against 1928 a year
ago, while Of the supply this week there
have been shipped only 1900 cattle. a
decrease O. $500 from a week ago and
500 less than a year ago. Similar
shipments indicate plentiful supply
/ of beef In the east and until the de-
mand catches up and IS normal once
more it is going to be wise policy
to keep supplies down &c a moderate
I volume, say the traders.
I This will be particularly the case
next week. Market will be open as
+ usual next Monday. New Years DAY
altho the packers killing plants will
be closed. This latter fact IS likely to
cause a lot Of conserva tism In packer
operating that day. since they will
carry over their purchases until Tues
day for slaughter. The trade will need
q quite moderate run next Monday
and supplies Of heavy volume Will only
have the inevitabl effect OF forcing
lower prices for the start of the 1911.
market.
The decline this week in the face OF
light receipts we'll indicates killers at
titude toward current prices and the
fact that market went higher yestercaJ
should not enthuse the country ship
pe-s INTO the belief that beef demand
is revived. There was most crouch,
general killer attitude on Wednesda!
and they eliminated a lot OF last week:
price advance. Most of the $3.50 61.0t
steers are back on price level onl!
Is q 20 cents higher than rates curren
ten days ago and this gain can easil,
be effected next week in event Of IN
faVoTa Die marketing deYeiOpHl ents.
Sheep.
Sheep and lambs were steady. Tn
, top for lemhs was $3.50.
:, Continued light receipts. boomins
, market at Buffalo and the improve
. ment in the dressed mutton trad
that more seasonable weather and tn,
end of the holiday season can hardl,
help but bring about, were the factors
that joined to rout the gloom an
bring jov into the camps OF sellers
This weeks marketings have brough
: out a lot of circumstantial evidence
: to the effect that natives have beer
!, pretty we'll marketed in Chicago a
we'll as eastern market territory. ant
if holders Of western stock on fee
can he induced 70 look 20 the futur
: with more optimism and cease un
:, necessary sacrifice of warmed up. half
fat stuff sellers are inclined to tn
{ opinitn that the market will rock aloni
= at much more satisfactory clip thai
in the recent past.