Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-07
PACKERS PAY $3.50 TO $3.50 FOR
BULK OF DAYS PUR.
CHASES.
CATTLE HOLD STEADY
At UNCHANGED PRICES
Little Of Quality Among the Offerings
Decided Slump in Lambs, With
Common and Medium Lambs 81 to
$3.50 Under Recent High Prices.

toie anu SsileItly were d SSIitS
higher than best time Of yesterday.
Packers paid Sc. 80 @6,6o for bulk.
Eleven markets on Thursday received
80. 100 hogs, or 10, 400 more than a week
ago and SO, 100 more than a year ago.
Chicago received 1000 less thar a week
ago II 1000 more than q year ago.
Kansas City reported 5000 than a
week g and 1900 more than a year
ago. Omaha had 1900 less than q
week ago n $500 more than a year
ago. ST. Louis received 1000 more than
a week g and 5000 more thar a year
The first four days of this week
eleven markets received 296, 1000, or So
900 less than a week ago and $4,000
more than a yea ago. Chicago thus
far this week received $4,000 less than
a week ago and $500 more than same
period a year ago.
Cattle.
Cattle were steady, with prices I'M
changed. There was little of quality
on the market.
When prime steers were selling at
$6.10M6.25 not many weeks & there
a firm feeling among cattlemen
that it would not be a long time before
that price would buy only Jul to five
months' fed steers and that 81 would
be available for prime long-fed classes.
On Wednesday Of this week I'LL
pound beeves went at s7.05, which was
highest price since March, and year
lings sold up to $3.50. 1t is a CASE now
where quality is becoming somewhat
shy of the demands, while a few weeks
ago the country was liquidating choice
grades freely and by reason Of too
many of them being On the market that
kind sold relatively lower than in sew
eral years previous.
Price readjustments a to come.
The plain and medium grades were
selling too near to prime classes The
change in conditions has been brought
about rather abruptly, but now that 81
is quotable for top classes Of steers the
trade is by no means lessening its grip
on the belief that a still higher price
will be paid before another seasons
crop of prime beeves is grown.
Scarcity of tina kind and the willing
ness of the to pay a premium
for fancy beeves are two factors in
holding the market for choice grades
at top point. The high-class hotel trade
of Chicago and the east appears large
enough right now to consume about all
the prime beeves available at high
prices. That trade retails the beef at
fancy figures. n the buyers are US
ually willing t pay most n old price
as long as they are assured of getting
the best to be had.
From a supply standpoint, this
weeks market has been we'll treated.
Chicago has had only 3s.400 cattle In
four days of which shippers have taken
1880. This is a 1o,100 decrease In
shipments. against a falling off of 49,
900 in receipts, and supply for packers
thus far has been quite moderate. Ship
pers' and exporters buying has been a
material aid in boosting prices, but 1t
is quite evident that the demand from
these quarters will need continue OF
broad proportion to sustain recent
price advances.
Texas supplies at st. Louis and Kan
sas City are swelling and these are the
strongest competitors against medium
and plain warmed-up natives, and also
natives off pasture. Latter are compel
ing directly with grass Texans, which
are costing anywhere from $4.5o@5.35,
latter being of the double-wintered va
riety and proving food killers. while the
cake-fed Texans, which are selling at
$5.7566.15, are strong competitors
against natives Of even higher cost. 1t
is fortunate, too, that more of the
cake-fed Texans are not available, or
that kind would doubtless hurt the
natives to a much worse extent than
now.
Sheep.
Choice lambs sold steady early, then
the market dropped and vas fully %
cents lower while trade in common
and medium lambs was thoroughly de-
moralized and before the finish sellers
declared it was anywhere from 800 to
$3.50 lower than recent high prices.
Top lambs sold at 1925. Sheep were
steady.
A home market FOR sheep Is actually
developing in the west. Wool trade has
picked up and Montana is restocking.
Present prices are SO much lower than
a year ago that stock sheep are posi-
tive bargains. A New York man took
out a lot of western yearling ewes at
40 recently and intends to place them
on land that cost see per acre, and it
is located within 800 miles of New York
City. He plans to raise early lambs for
that market. Naturally he will do con-
siderable shedding. but the venture
shows what is possible in the effete
east.