Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-05-27
HOGS UP early,
ADVANCE NOT HELD
PART OF ADVANCE Is LOST
WHEN PACKERS HOLD
BACK.
PRIME HOGS TOUCH $6.25
DURING BEST HOURS
Plain Heavy Steers Decline 10 to IS
Cents During Week-Sheep and
Lambs Slump Heavily, Lambs Drop.
ping rs to 40 Cents-Demand Lessons
as Receipts Increase.

to 10 cents higher. Later part of the
advance was lost. Packers held back
and We're able to prevent any sharp
! boosts after they came into the mar
ket. Some prime hogs sold as high as
1925.
Such reactions as on Friday indi-
cate series Of short runs. Packers
may be claiming possession Of lot of
higher priced stuff. but the average
Of their holdings can not be much
higher than present cost and they are
finding a prompt outlet for the stuff.
The lard situation is especially strong.
! Combined receipts of hogs at eleven
| markets Friday totaled $4,000, or 1890
| less than week ago, 1900 more than
! a year ago and $500 less than CORE
spending Friday two years ago. Chi
! cago received 1000 less than week ago
and 1000 less than year ago. Kansas
/ City had 1000 less than week ago and
| 1000 more than year ago. Omaha had
| $500 less than week ago. st. Louis had
| 1000 less than week ago. ST. Joseph
| had 1000 less than week ago. Sioux
t, City had 800 less than week ago and
| 1000 more than year ago. Total thus
| far this week $4,000, or $4,000 more
| than same time last week. $4,000 more
| than like period last year and 1000
more than corresponding five days two
| years ago. Total for 1911 TO date g.
$4,000 or 2,207 900 more than same pc
Rod in 1910, but $4,000 less than cor
responding time in 1909.
Of the $685. 900 hogs slaughtered in
! the west from March 1 to May "a.
+ ~ f-
100000 more than same period a year
ago. Kansas City was second with
$50 900, an increase of 100000 compared
with a year ago. Omaha packed 605.-
900, showing 205,o00 gain over a year
ago. st. Louis gained $4,000, with A
total Of $4,000. ST. Joseph packed
100000, against 100000 a year ago.
Sioux City slaughtered 2S5,12e, against
$4,000 a year ago.
Cattle.
Cattle were steady. there being no
market on sman receipts. During the
week plain heavy steers suffered net de-
clines Of 10 and 15 cents for the week
| Export cattle buying has been the
heaviest thus far this year.
| Supplies are coming too freely to
permit a bull movement. This weeks
run stands $500 in five days. the
largest since the week ending Feb. rs
last, while there is an increase Of 1900
over a week ago and 1900 gain over
arrivals a year ago. Had It not been
for the generous export and shipping
demand. some serious declines doubt
less would have been forced. 1t Is
case Of a period when packers are
satisfied to let shippers and exporters
have about all the cattle they want,
&c r,,1l, 1o~ ,rv1,
to fill current needs in local quarters.
At that the beef coolers are not heavily
crowded Stuff is being moved into
consumptive channels with a fair de-
gree of regularity and the consumer
is putting UP no loud wall against
current prices, altho the retail cost Is
still claimed relatively too high, as
measured against cost on the hoof
Exporters have taken pretty close to
5000 cattle this week. largest buying
of the season. About 1920 were tagged
for foreign trade in the first two days
Of the week. Thus it was the export
demand which prevented general de-
clines on Monday, altho slackened ex-
port orders on Wednesday permitted
buyers for other interests to get
little off in price. The ability of the
market to come ha ck'' on Thursday
however, attested a decent general de-
cent general demand for. the stuff
from shippers and exporters, but it is
very evident from a glance over the
supply map that the country is still
willing to cash cattle fast enough to
permit everybody who kills them to
get all that is needed. The export trade
at Toronto naturally affects export
demand to some extent at this end OF
the line but as long as export trade
| here holds as well as this week there
/ will be no local complaint of lack Of
| competition.
| 1t is a market, however, where price
control is pretty firmly fixed in the grip
of the buyers, as well indicated by the
narrow spread in values. Not much of
a beef steer is had around $3.50 now,
while it takes a right good killer kind
averaging 100 to 1850 lbs to make IS. rs
and the 1850 to 1850 lb steers which go
at s5.SO@6.00 are good to choice, while
stuff commanding s6.1o@6.25 has to
| have choice to prime grade, and this
week not enough sales were made above
s6.25 to establish them as criterion.
altho strictly prime grade made $6.40
on Monday and best price since then
was $3.50. A year ago the tops sold
at 1915 and there was considerable
1 nigh ludllIy SO0h St.dCWo-SVi
such as had to make $5.9o@610 this
week, while average price Of beef steers
was $3.50, within zoe Of the highest
average for any week in 1910.
At the six markets this week five
days receipts total 13s.000, against
10000 last week and $4,000 a year
ago, good Indication that the crop in the
west Is still of generous proportions
altho the big-weight steers are falling
off in number both here and in the
west. a fortunate circumstance in view
Of the hot weather which always tends
to give heavy weight second favor az
against the handy steers. However
generous supplies OF medium to good
yearlings at Chicago this week have
not tended to give trade for that kind
any material strength YearlinE croI
generally is known to he big, and once
the stuff now on grass begins to move
with some freedom, the yearlings al
well as HOO to 1900 lb steers OF grass
will be sure to hit widening pr1cs
spread in which corn-fed grades should
suffer little decline even tho the grasi
fwz--