Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-02-06
LIGHT RECEIPTS, ACTIVE DE.
MANp, CAUSED HIGHER BIDS
IN ALL DIVISIONS.
STEERS GAIN 1910 rs
BUTCHERS UP 10 TO IS
Hogs Opened 10 to IS Higher, on Ship.
ping Demand, But When Packers
wvhat-Boom in Sheep and Lambs
for First Time in Many Weeks.


Of l5M25 cents in some cases on steers,
tho the general gain was only about 10
a 20 cents and trade was rather ur-
even at that. Butcher cattle were up
10I15 cents. there being good demand
from packers. as we'll a scalpers.
Weather has been highly propitious
:or beef making but 1t has had bad ef
feet on beef demand. and the advantage
IN matchmaking has been more than
offset in the low price which the feed
ers have had to accept for all the steers
which had anything like strong weight.
In price changes the past week shows
largely % cents decline from closing
level a week ago. but there have been
frequent sales recently within a basis
Of s5.s5 G6.25, showing 25135 cents de-
cline from high notch last Monday.
when some early selling was at rates 10
cents above the close a week ago.
The Monday trade wore bloom for
only short time. however and bulk OF
that days business was on a steady
basis, while at the close selling showed
10 cents decline. Tuesday was a weak
market and Wednesday buyers simply
laid down on everything. a generous
sized run of 23.Se4 being several thou
sand more than needed. altho falling
200 below the estimate for that day.
Since then little fir1ner tone has been
shown in trade for some good steers.
mainly because the prices looked very
cheap to killers. but the trade has worn
such badly priced. haggled appear
ance tina, a shut-off in liberal runs is
the only means Of price recuperation
The trade has called for small run
this week and must get it II price cuts
are to be averted. Situation is such
that with full beef coolers and a de-
mand for beef commonly called rot
ten" neither killers nor shippers will
have an incentive to do business with
any freedom unless the prices are
marked down to them several notches
below current shattered rates. Export
inquiry is not large enough to give the
market much reliable support and the
shippers buying Of several thousand
less than the previous week we'll in
dicates the sort OF trade which they
are having in beef product.
Feeders can best help themselves, the
trade argues. by simply slowing down
in marketing for q week or two in or
der to give the market chance to re-
cuper;ite from present mean state A
spell Of two weeks OF light runs doubt
less WOuIu dfdiil pun prices right close
up to best levels hit thus far in the
year.
hoss.
Hogs opened 10@15 cents higher, on
shipping demand. while packers held
off. Later when the big fellows bought
there was not the strength shown that
was in evidence at the opening. The
extreme top was 1855. tho there were
rurrors of one sale at $780,
The break last week Is not regarded
crop this week. Guesses on today's
supply ranged from $4,000 to 10000.
With a general expectancy Of $4,000.
The break early in the week had the
usual effect Of reta-ding the movement.
indicating that the country is still un-
disposed 70 ship on breaks.
While much noise has been made
shout a swelling movement figures,
which are veracious in this case do not
hear II out. The run at the five prin-
cipal markets last week Is only 1872, 900.
against $4,000 las. week. Comparisons
with a year ago are worthless as rail-
road service was paralyzed by 1nclem-
ent weather at that time and hogs by
the thousands We're lying at interior
points awaiting cars. All markets show
slight gains over the previous week
The following three-year supply COM
PARSONS for the week are interesting:
1911 1910 1909
Chicago :. 10000 $4,000 203, 900
Kansas City $500 10000 $4,000
Omaha >. 80. 4s5O0 1920 1890
ST. Louis ...... $500 $4,000 $1,000
st. Joseph 2s,soo 26,5oo $500
Total >. ....3321o0 100000 412,700
Shipping demand has taken good care
Of the light end OF the run, that outlet
having taken about $4,000 out Of $780,
600 arrivals.
Trade scouts who have been thru the
country during the past week do not
endorse packngtown opinion that hogs
have been held back to put on weight.
A conviction is growing that the vim
ter crop OF barrows has been closely
marketed as to weight right along. At
this season 1t Is natural for weight to
increase rapidly and the pig end Of the
run to diminish. but ever since the
winter packing season opened the con-
slant advice Of the commission interest
to the grower has been to take current
prices and the injunction has been
needed. Gifts are being generally held
back .e- breeding purposes and will not
be a factor in the equation until after
weaving time next summer, so that
packers must content themselves with
barrows for several months. That there
will be a fair supply Of hogs at western
markets right along. probably more
than last year, is admitted. but burden
some receipts are out OF the question.
February will clean up renters hogs as
March is moving time. but the renter
delegation is less important a supply
factor than in former years.
Sheep.
Sheep and lambs doomed for the
first time in many weeks, and prices
were sharply boosted. Buyers for
packers were anxious to secure sup
plies. so that the bulk Of stun was
cleaned up almost as soon as ready for
the inspection Of buyers. Prices were
up i.SD 60 CENTS.
New low levels for the season have
been hit in the. weeks. sheep house
| trade. At close Of last week the mar
ket is performing . shade better than
at mid-week low Doina. but II largely