Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-05-22
PRICES DOWN S TO 10 CENTS AND
BUYERS ACTIVE At CLOSE
OF SESSION.
CATTLE CLOSE STEADY
TO 10 CENTS LOWER
Better Demand Manifested For Lights.
While Heavies of Good Quality Also
Are Wanted-sharp Boom in Sheep
and Lambs and Prices Boosted IS to
rs Cent?.

weak, selling off and 10 cents. and
held about this level during the entire
session, so demand was a little keen
Just before the close. The top was
$3.50.
Receipts of hogs at Chicago stock
yards last week totaled l35,s0o, or 81
100 more than previous week, 1920
! more than same week last year and
14,100 more than corresponding week
two years ago. Grand average OF
| corresponding weeks of last twelve
years, which ranged at $3.50 to 49,
IFS was 1892. or 5000 more than
present week There We're only three
weeks smaller than 125.O0o and four
larger than 10000.
Estimated average weight of hogs at
! Chicago last week was PAL pounds, or
? pounds heavier than previous week.
same as corresponding week last year,
but 26 pounds heavier than same week
two years ago and three years ago.
Grand average of corresponding weeks
of last twelve years. which ranged at
215 pounds to 241 pounds. was 225
pounds. or 16 pounds lighter than pres
ent week, which was as light as cor
responding week of 1910 for the first
time this year. There were four weeks
lighter than 220 pounds and three
heavier than $50 pounds.
Average price Of hogs Chicago last
week figured s6.12. or cents higher
than previous week, 1884 lower than
same week last year s1.16 lower than
corresponding week two years ago. but
IS cents higher than same week three
years ago. Grand average OF CORE
spending weeks of last twelve years.
which ranged at s3.s5 to 1886, was
ss.17, or cents higher than present
week. There were two weeks below
| $500 and six above $3.50
| Com bined receipts of hogs at eleven
markets last week totaled 50S,000. or
$4,000 more than previous week, 1os,-
| 600 more than same week last year
and $4,000 more than corresponding
| week two years ago. Grand average
Of corresponding weeks OF last eleven
years. which ranged at 100000 to co.,
| 600. was 100000. or $4,000 less than
present week Total for 1911 to date
| s,4s7, 900, or 2,1s4.oO0 more than same
time in 1910, but $4,000 less than
| like period in 1909, and 2.4ss.000 less
than corresponding time in 1908. The
| four-year average figures $4,000, or
| 100000 more than this year.
| Cattle.
! Cattle closed steady to 10 cents lower.
There was better demand for lights
while heavies of good quality were al
SO in demand.
| Range Of prices for medium to choice
steers is narrowest in years. The bulk
of business is being transacted within
| a half dollar spread. Not much killing
stuff goes below $3.50, and very small
| crop above $500. 1t is period when
high quality is not sufficiently appre-
ciated to command material premium
over just ordinary medium to good
steers which have been fed hardly half
the time. the heavy choice steers re-
manned in feed yards.
| Last weeks receipts stand $4,000,
against 49,731 previous week and 49,
727 a year ago, while at the six mar
kets aggregate for the week was 1885,
900 compared With 124,100 previous
week and 113,60O year ago.
! Exporters gave the trade only fair
support during the week On Monday
there was good call from abroad and
again some fair demand Tuesday, but
since then the orders dropped off and
it was largely on this account that the
heavy steers were raped hard. East
ern as we'll as local call has favored
the fat 500 to 1900 pound steers, and
especially yearlings.
| Crop of the latter grades was liberal,
tho the proportion did not run quite
as heavy as previous week. and same
was true Of the supply Of choice heavy
cattle. 1t was evident all around, how
ever, that all kinds were plentiful
enough in the run, since the demand
for beef fails to show material growth
and there is small likelihood that con-
suulptive call will grow in face Of mid
summer temperatures.
I Weather has become a big factor in
the situation. Continuance of hot, sui
try days and no rain in the middle west
can only result in further liquidation.
since grass is already suffering for
! want of moisture and the dry wea ther
is also putting UP feed prices to some
extent, while week or two more of it
would have a serious price-boosting
effect on corn and hay
! A few good showers, well distributed
over Illinois, Iowa, Missouri, Nebraska
and South Dakota, would work won
ders in the cattle situation by instilling
a little holding back tendency among
grazers, which just now appears the
only salvation from a still lower mar
ket, or at least widening spread of
values, with heavy steers prospective
Of being most severely trimmed in
price.
Sheep.
There was sharp boom In sheep
and lambs and prices were boosted
15 to % cents. Clipped lambs touched
s7.15 Woods are scarce. One lot sold
at $3.50.
An awaiting stunt, the like of which
has not been seen in the sheep house
since the bovine market ran away from
buyers early last spring, was the some
what surprising, but altogether spec
tacular attraction furnished by the live
stock trade the past week. It came as
as appropriate climax to what is gen.
orally conceded to have been the most
disastrous season corn-belt, eastern and
Colorado sheep and lamb feeders have
ever encountered and lifted values. to
| levels ranging all the way from 75c to
| $50 per cwt. above the ruinously low
levels hit at low time last April. As
compared with the close OF last week.
lambs are now selling fully 65@s5c
| higher, while instances Of dollar and
more advance over prices paid ten days