Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-08-14
CHOICE STEERS U,
WITH TOP At 50
HIGHEST PRICE SINCE LAST oC.
1OBER PAID ON CHICAGO
MARKET.
ALL PRIMES GRADES
TOTO IS CENTS HIGHER
Hogs Close Weak, Packers Refusing to
Pay Early Valuations Set by SeaIpers
Packing Grades Soil at $3.50
Lambs Weaker, Packing Grades Be-
ing 10 to IS Cents Down.


/ load of prime steers sold at $500. the
: hghes, paid since last October Com
! mon 10 medium grades were strong.
/ Price widening disposition in the
] trade has not come unexpectedly. Had
! there been a decent sized run of range
! steers ii is likely that grass-fed and
warmed up natives would have been
/ bumped severely. Tardiness of the
range runs is looked upon AZ the sole
/ salvation from lower prices for the
cheaper quality natives. but that the
packers will not be able to work the
| cheaper natives TO severely lower prices
( is pretty we'll formed conclusion since
/ the range run gives strong prospect OF
falling 3oI35 per cen, short of a year
ago and with normal beef demands il
| September and October. the trade is no1
| worrying much over possibility Of
sharp slump for common and medium
| native steers.
| Eight cent predictions for prime
/ !oeeves ares till rife and there appears
/ a rather good prospect OF this top ma
| terializing before the season 4 over.
| Prime steers have been moving upward
at a swift pace in recent weeks owing
70 dwindling supply. and as the stiller
crop is running low and will soon be al
! in. ii will require only a reasonabi3
strong killer demand for prime corn
! fel steers 70 force still higher prices
| in that line
New York wholesale beef prices are
already moving UP. since the recent
beef advance in cost of high quality
steers, but the trade must necessarily
take into consideration that the public
is not disposed 10 pay high prices
cheerfully and a much further rise in
retail beef cost may be expected 70 put
a crimp in consumpt,ve call. However.
this will hardly affect the primest
i,eeves as much a. in-between kinds for
reason that prime stuff gets a fancy
beef trade outlet where price is not Of
ten a very serious consideration.
! A year ago now $3.50 was paid for
| prime beeves and the market then was
several points under top point OF the
! season II was a lower trend for the
high quality steers in September last
year for reason that it was big pro-
ductive season then. but the supply sit
uation presents a different aspec, this
year, and even as regards medium and
plain natives crop hardly appears
pros ective of being too big for the
/ reason that thousands Of natives viii
be substituted by packers for decreased
/ runs of rangers from the northwest.
1t is the widest price spread in steer
trade for months past. Poor light
steers off grass have sold the past week
at 50 75G 5.23, being kinds which kill
ers have skinned off the feeder crop
while a liberal number of 500 10 100
pound plain grassers made $685. SO,
and pretty good 100 10 1900 grassers
at s5.s0n6.l5. with good 1850 to 1850
pound grassers around s625N 6.35. Bulk
Of fair TO good 1850 TO 1900 pound steers
which had been fed enough corn to
1 make them pretty good killers went at
b s640d6.5, tho buyers had to pay $500
or better where strictly good dressing
carcasses were demanded.
/ Hogs.
: Hogs closed weak, with packers re-
fusing to pay early valuations set By
T scalpers. Packing grades sold al $3.50.
] Opening prices this week are % q SO
-, cents higher than week go and then
the top was $3.50 and s1.50@7.55
bought most of the light and mediums.
with lot of packing and mixed stuff
at s7d7.25. Packers figure that this
advance ought TO fetch in a run this
week
against l17.00O last week. while ship
pers have taken about the same num-
! Der leaving poor picking for packers.
( The months receipts to date are only
about 5000 more than a year ago. when
the run was very light. All signs on
! the market horizon suggest that the
country oversold hogs during May and
June and the early part Of July. and
/ that a bare spot has been developed.
/ All last week packers fought the ris-
! ing tide OF prices With all the strenu-
osity in their power. On Wednesday
they quit the market in a body. leav-
ing the biggest stale stock in months
but had to get in Thursday and pay
Wednesdays asking prices. Yesterday
they renewed their bear tactics and to-
day they are as obdurate as ever
In the face of a rising hog market
I provisions have slumped largely on
account Of heavy selling by the Cud-
ahys. who are aggressive bears. The
advance has elected another forecast
| from Patrick Cudahy, the Milwaukee
oracle. who still insists that the coun-
! try is full of pigs and corn to fatten
them. The advance since the low spot
/ late in May has been somewhat spec
7 tacular and to most people in the
trade wholly unexpected, consequently
bullish forecasts are the exception.
Sheep.
| Lambs closed weaker, with natives
| off 10 and Is cents. Sheep were about
steady
/ The trade looks for further advance
| in live muttons. They have been SELL
| ing relatively lower than either cattle
or hogs, and have been the cheapest
thing in live stock. Many hock-mas-
tiers have refused to ship their sheep
on current prices. and they will have
to advance to bring out the offerings
| from the ranges. With cattle at $3.50
and threatening to reach 81 before the
end OF the month, and hogs almost up
to the IS mark, 1t looks like a stronger
market for sheep, especially with west
ern receipts held down.
Early sales Of native lambs last
week were at ssso@S75 for the bulk
of the prime fat killers. An extreme
top Of 1925 was paid BY packers on
Fridays market, however and an in
dependent butcher bought string on
that day at S74e. topping the market
at the highest point reached since
1earIy IN July Rsnss lApbs Sslo q