Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-08-15
EXTREME TOP PRICE IN EARLY
DEALINGS OF DAY
WAS $3.50.
CHOICE RANGE STEERS
At HIGHEST OF SEASON
Quality Of Native Offerings Mixed,
With Butcher Cattle Showing Slight
Steady From Opening to Close Of
Market.

and weak with an average of cent:
decline on late sales. The extreme tor
in the early dealings was $3.50.
Eleven markets received 74,400 hogs
Monday. Of which Chicago was credited
with $4,000, or 5000 more than a week
ago and 5000 more than q year ago
However, Kansas City had 1000 less
than a week ago and 1900 less than a
year ago. while Omaha received 800
less than week ago and 1000 less than
a year ago. st. Louis had as many as
week ago and 1000 more than year
ago. The combined total was 5000
larger than week ago, 3.400 larger
than year ago and 1900 larger than
spording Monday two years ago.
Total for 1911 to date. 15,440.00O. or g.
59S 900 more than same period 1910 and
744.O0O more than corresponding time
1909.
Cattle.
Choice range steers brought ST. the
highest price of the season. Quality
of native stuff was mixed. especially in
butcher cattle which sold easy to lit
tie lower
One reason why good cattle are
courted is that beef vendors have been
listening TO a roar from their custom
ers regarding quality of product cut
out of steers selling below $3.50 re-
Gently. These cattle have had little or
nor corn. it being market for grass
ers below s6o5. and arc dressing un-
der 90 per cent. Not only are yields
low. bu. the beef does not stand up
and retailers are clamoring for some
thing better, even if it costs more.
Wholesale prices Of No. l beef are al
ready working higher and will prob
ably do more awaiting.
The corn belt. as we'll as the west
and northwest, is running shy OF good
steers Southwest, too, there Is only
a short amount of matured cattle. and
for some months ahead the prospect
favors comparatively short supplies.
Heavy liquidation of matured beeves
last winter and during the first few
months of 1911 has accounted for the
current shortage. 1t was prolific sea-
son for maturing beef then, and the
relatively low prices fat steers brought
offered feeders no encouragement to
hold them.
Resul, was a rush Of good quality
cattle To market in February. March,
April and May. June and July showed
a little let-up in corn fed kinds of
choice grades, but there was then
big crop of stillers on hand from which
the killers drew their supplies.
Now both stiilers and the corn FEDS
of choice grades are dwindling down
10 scant volume Hence the price rise
bc.h for matured steers and beef cuts
How far the advance will go will de-
pend largely upon the temper of the
consumer in footing his beef bills.
Just now the price spread is widest
IN months, but it will widen further.
according TO the bulish prognostica-
tors who. upon naturalization of the
Is. 90 top Monday set their expectancy
little higher. and asserted their be-
lief that sS25MS.5O steers would be
market factors before many weeks.
upward climbing, however.
is going 10 depend 70 good measure
,1non consumer sentiment. Higher beef
prices already are causing some dis
gruntled agitation over the country.
the consumer laying the blame for ad-
vancing cost Of beef upon the killers
and retailers evidently being unmind-
full Of the real situation, which is scar
city of choice beef
Sheep.
opening to close.