Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-01-28

bad place to drop supply much over
26.V0O, since the buying sources are
well clogged with beef now and at least
q short season Of cattle holding - the
paramount need.
January supply has run close to 2o.-
900 larger than . year ago and the
ability OF the market to take care Of
this increase and still show some little
appreciation over late December values
has been sorely tried and found hrm
enough for time, alt11o the trade is
breaking under continued heavy supply
pressure,
Sheep.
The sheep and lamb trade was de-
plorably weak. There was a steady
tone for the few offerings today but
decline all the time. and heavy lambs
have reached a point where it would
seem that they could not go much
lower.
Live mutton trade has gone from
bad to worse this week. Supplies, To-
cally. have been moderate, aggregating
about $4,000. which, while $4,000 more
than year ago, shows decrease OF
$4,000 from last week. River markets
have also been moderately supplied,
but with dressed markets in the east
overburdened with last weeks liberal
rnarketings, and the bottom falling out
Of the Buffalo trade under continued
good runs, lambs have been forced to
the seasons lowest levels and sheep
close little lower In sympathy.
Closing levels show declines OF
from 10 OPS cents from a week ago on
lambs, and only a few choice handy
weight sheep and feeding classes have
escaped 10M15 cents break. All the
loss has been effected since the early
market Of Wednesday, early week trade
having been on virtually a steady level
on all grades. The slump carries best
light lambs down to a $610@6.15 basis,
puts fair to best light and medium
weight on a $5.75@6.0O market and bulk
Of the fat big weights and Gull lambs
down to s5.00@5.25. with plain heavies
around s4.75. Yearlisgs have also suf-
fered, S5.25M5.4O buying choice handy
weights at the close, against s5.40@5.o0
for like class early in the week, while
good to choice strong and heavy
weights now go at $4.65@5.0O.
At the close. good to choice fat
wethers are on $4.1o@4.25 basis. with
s4,35@ 4.40 quotable for choice handy
weights that shows a conspicuous
breaker end, while fat eve trade is
now on a $3.65m4.00 basis. altho prime
sorts occasionally making better fig
ures. hand-weights getting decided
preference. Plain to fair killers go at
S3.35M;36O. and culls downward from
1926.
An unusual trade feature is fur
risbed by current demand and prices
FOR feeding sheep and lambs in con-
trast to the trade on killing classes.
Few feeders are coming, but these are
selling virtually at fat sheep and lamb
prices, $3.50 having been paid for good
57-pound feeding lambs on Thursday
when choice s0-pound fat lambs were
having trouble beating Sc. and feeding
wethers going to Ohio to finish and
shear at S4.1064.15, as against a $40
Gaps market for bulk Of the fat kinds.
These and other indications make 1t
appear evident that the country has
confidence in a better market later on.
and the theory is well-founded. Such a
pyrotechnfcal display as took place last
spring is out Of the question, and out
look for the immediate future is not
very promising, but trades peering
into the future can see a. silver lining
to the cloud now overhangsng the mar
Aee' III sumo quarters ieedefS snow
an inclination to hold sheep for shear
ing rather than dump them on the bar
gain counter that Is now erected for
them. Continued demand for breeding
ewes also indicates faith in the future
Of the trade. The west Il short on
sheep. its flocks having been reduced
to the lowest figures In recent years
Some uneasiness is felt among western
flockmasters concerning the threat Of
tariff tinkers to put wool on tho free
list. but dread Of calantties could hard
ly bring about a repetition OF last sea-
sons enormous liquidation Of western
flocks. In trade circles the opinion Is
general that those who are conserving
supplies for future market needs or
building up small flocks, will reap a
good reward