Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-02-04
HOGS IR|AE HIGHER
As MARKET CLOSES
BULK SOLD TO PACKERS At $3.50
TO s7.55, BUTCHERS HIGH
AS $3.50.
EXTREME TOP OF s7.75
WAS PAID FOR LIGHTS
Small Cattle Demand During Week
Com pared With Arrivals, Declines
Sharp and Close IS to IS Lower
Sheep Hold Steady But Not Likely
to Advance With Lambs.

! Chicago. Feb. +-The bulk % hogs
sold 10 packers q. $50 755, ou, il is
! thought good butcher hogs sold to the
big killers as high as $3.50 There vas
an extreme top Of s-.75 for lights. this
being better than the frs, high mark
reported on final sales prices looked
about 5 cents higher than Yesterdays
close, with spots where a 10 cents ad-
vance might be quoted
Shipping demand has been q factor
this Week. Tina, ov.,e. has taken near
! y 10000 hogs or 10000 more than last
week. while supply is N.,le, if any,
heavier SO tl,a, packers are getting
short slice Of the local crop A year
ago, viii, run OF $4,000, shippers took
only $1,000.
Published stocks of provisions here
and worlds stocks of lard Only bear
out the contention often expressed that
the heavy consumption goes On every
day az the present basis Of prices" says
" L. G-egson AN undercur-en; OF
strength in provisions Is because it is
/
tial buying orders in good hands and
the filing OF some OF them proved they
we're well planned and were put in with
the Intention OF buying the product and
aot bidding /. up. There has been some
Of this buying on two or three occasions
lately when the opportunity offered. and
now Is. in our Judgment. Of large
enough volume 20 be effective"
Combined receipts OF hogs at eleven
markets Friday tora.ed $1,000. an in
crease o. 5000 compared With week
ago. a decrease OF $500 compared with
year ago, and AGO compared with Two
years ago Chicago was $4,000 lighter
than a year ago. Kansas City stood
900 larger than a week ago and $500
under a year ago Omaha decreased
$500 compared with year ago. ST.
Louis was $500 larger than week
|ago. Sioux City stood $500 smaller
than year ago. ST. Paul was 1900
smaller than year ago. Pittsburg
stood $500 larger than a year ago.
while Buffalo increased 1000 compared
with a year ago. Total thus far this
pared with same time last week, an In
crease OF 10000 compared With like per-
Tod a year ago and a decrease Of $4,000
compared with corresponding Eve days
! two years ago.
The demand for cattle during the
week was rather small when compared
with the arrivals, and for this reason
there has been a decline in prices,
which has been sharp. even tho more or
less irregular. and values at the close
are Is 10 25 cents lower than they were
last week on the bulk OF steers. and
nearly as much on butcher stuff.
Decline. as has been stated previous
" in this column, is largely % cents
from last Monday, but this cut does
not cover lot Of business which has
been transacted since early Wednes-
Gay. it being necessary to add dime
nore to cover the extreme instances OF
price breaks.
Good to choice is hardest hit for rea-
son that this class Of steers has been
far 100 plentiful among arrivals to suit
demand conditions. Shippers call has
fallen several thousand below a week
operated lightly, ard packers being
asked to take several thousand more
cattle than last week, took them at
their prices rather than the rates
which sellers demanded. the difference
between asking and selling prices
ranging at the decline quoted.
! Things started to smash late IN the
! Monday session after a steady selling
basis had been hit III middle rounds
that day, following some early trading
at rates strong to 10 cents higher than
late last week. This firm basis early
Monday may have induced some ship
pers to come for Wednesdays market.
but the belief is general among con-
sentative sellers that the country was
in mood to ship freely, since a lot
of paper had come due around Febru-
airy, thus necessita ting liquidation Of
big number Of steers which were ready
for market a few weeks ago, but had
been held a little longer In hopes of
better market conditions.
The fact that the cheaper quality
stuff has been less severely hurt makes
it evident that the short-fed and
warmed up light stuff is getting best
demand in wholesale channels, and al
so that this class has hit a price basis
which makes it more or less profitable
| to the killers, altho the contention
among many Of the traders is that the
! killers in buying the high grade 1900
| to 1,50O-pound steers at $5.75@6.25
rarely paying higher for choice stuff,
have had quite profitable investment,
since any little Improvement in beef
demand will permit the stuff being
worked off at good prices once more.
Long fed heavy steers have been
among the s5.a5 $500 sellers in recent
days and quality Of the stun which
has gone around s5.75 and lower meas
ured even better than the steers which
made these prices at low time last De-
cember The whole trade is on a basis
right down to the lowest Of the winter
season, but If material reaction is to
be had it will necessarily have to come
by means Of shut-on in the Ii
quotation.
This, it Is believed, will be witnessed
early next week. since distress signals
have been sent out by all the traders
calling for slackened shipping i'm
pulse The current demoralized price
situation surely warrants feeders hold.
ing down the runs. altho there is still
possibility that estimates Of 10000 to
$4,000 for next Mondays market may
be found TO have far underDhot the