Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-02-16
ADVANCES OF 10 TO IS HELD UN.
TIL NEAR FINISH, LIGHTS
EASING OFF.
CLOSED WITH TOP OF
5000 ABOVE WEDNESDAY
Demand For Choice Steers Strong and
Bulk Was Steady, Butcher Stuff
tons Higher and Lambs at Best Fig
ure Since January.

Chicago, Feb. 16.-Buying OF hogs
was stimulated today by the light run.
Prices advanced 10 10 Is cents at the
outset. and held the strength until near
the finish. when lights eased off. clos
ing 10 cents higher than yesterday.
Fine lights slid UP TO $3.50 against a
top OF $50 Wednesday.
Combined receipts OF hogs at eleven
markets Wednesday figured 5000, or
Sc 500 less than week ago. 10000 less
than year ago and $500 less than
two wears ago. Chicago received $4,000
less than week go ard II 600 less ,haa
wear ago Kansas City had 1000 less
than a week ago. Omaha was 1000
lass than a week go and only half as
large as a year ago. St. Louis had
900 less than 4 week ago ST. Joseph
received s 900 less than week and year
ago ST Paul had twice as many as
year ago. indianapolis received $500
less than q week ago. Total thus far
this week 327.010. or $4,000 more than
same tire lasc week. 5000 more than
like period last year and $4,000 more
than corresponding time two years ago
Tota, .or 1911 20 date 3 10000. or
2o5 600 more than same period in 1910.
but .es000 less than corresponding
time in 1909.
When hog market slides down the
price scale a. a furious pace. there is
naturally country resentment against
such bear tactics Of the packers and the
silut-on IN supplies today is the re-
suit. Marketing nearly 20 900 on hogs
on Monday and coming back with less
than $4,000 for the Wednesday trade
over recent events The big shipper
s-cent basis. IS TEN oo-arily out Of bust
ness and today's supply. small as It Is.
comes mostly from the feeders them
selves. who, having muddy yards and
witnessing much Of their corn going
70 waste, determined to cash.
That the majority OF growers wtl! not
lieu!date holdings on such a market as
that IN force OF late indicates that they
are not IN a position where forced
selling governs their actions. Renters
hogs represented liberal share OF the
excessive Monday supply Market go
ing down, and many OF the renters be-
ing ready TO move 20 new farms. they
simply cashed in fear OF still further
declines. but once the renters crop
is IN. there should be less liquidation
and frmer feeling among growers
10 the effect that the packer viii want
tneir hogs badly even tho he fails 70
put the price down to the coveted IS
mark.
Hog products are finding good con-
sl1-nptive demand and the packer re-
auires big crop to fill his outlet. Hav-
ing forced the market down 30 cents
in two days only to witness a sharp
si7ut-oT in supplies ard price reaction.
II must be evident to him that the
country IS still IN position to fight
Sharply receding values.
Cattle.
Demand Cor choice steers was strong
md the bulk was fairly steady Butcher
stuff was without marked activity.
For three days this week supply
totals 81 100, against 33,9s1 weak ago
and 1880 year ago This is not a
heavy run IN view Of the light crop a
week ago. but the fact that It proves
full enough 70 I'll demands is significant
II the badly depressed state Of affairs
n beef trade. Weather continues the
meanest sort IF a depressing influence
in tfa beef market. High temperature.
over the country hold down the con-
SUN ptive demand for beef and cheaper
prices for eggs and poultry are other
salient factors in decreasing beef sales.
Were there good outlet for beef the
killers and shippers simply would have
made a rush 10 corral everything which
looked Ike a beef steer in the light run
Wednesday, but the real situation was
this: The buyers took what they
needed and paid rates about as reluct-
antly as they have any day this season
There was general satisfaction among
them over the light run and few Of
them made pretsnse 10 hide the fact
that they would have enjoyed feast
of bargains had the run gone much
larger.
Sheep.
Higher prices were paid for live NUT
IONS. Lambs sold up 70 $3.50. the best
figure since Jan. Is. Sheep were in de-
mand. selling at strong to higher VAL
ues. toppy wethers going over the scale
at s4.75.