Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-05-23
MARKET GOES OFF. s TO 10 CENTS
AND PACKERS SUPPLY
WANTS At DECLINES.
LIGHTS HIT HARDEST,
EXTREME TOP BEING ss.o5
Packers Principal Supporters Of Cattle
Market Where Quality Was Good
Butcher Stuff Fairly Active-Sheep
and Lambs Steady to Strons-cur-
rent Quotations.

Chicago, May 23.-Heavy offerings
broke the hog market sharply today,
prices going off and 10 cents, and
packers were able to secure late in
the day declines which they tried for
at the outset Lights were hit hard
and in most cases showed big de-
cline. Extreme top was s6.05.
Combined receipts of hogs at eleven
markets Monday totaled $4,000. or 49,
500 more than g. week ago, $4,000 more
than year ago and 1860 more than
the corresponding Monday two years
ago. Chicago received 1900 more
than a week ago and 1S.40o more than
a year ago. Kansas City had 1000
moro than a year ago. Omaha had L.
100 more than a week ago and 1900
more than year ago. st. Louis had
5000 less than a week ago and 1000
more than year ago. St. Joseph had
$500 more than week ago and $500
more than a year ago. Sioux City had
1000 more than a year ago Total for
1911 to date. s,5s2,000, or 2.213,000 more
than same time in 1910 but $4,000 less
than corresponding perior in 1909.
Cattle.
Cattle were steady with offerings
moderate and packers were the prin-
cipal supporters OF the market where
quality was not good Butcher stuff
was fairly active.
Generous rains for the past thirty
six hours had some little effect on the
situation ma turally, following the dry
spell against which generous complaint
To-
soaking which pastures got will mean
a lessened shipping impulse among
feeders, with light steers on grass.
and perhaps this may account for q
little Of the generosity Of the buyers
since there were no very strong pros
poets Of any very liberal supplies later
this week. Another incentive to fairly
brisk buying at steady rates today was
the fact that since everything was we'll
wetted down over Sunday it was a
poor day for filling cattle. Unlike the
last two weeks, when the buyers had
to pay for a big. amount Of water, the
offerings today. took light fill. with
the result that the dead cost Of beef in
most cases should stand the killers a
few points lower, even tho live cost
was largely steady and strong IN some
spots. as asserted by the packer buy
ers.
Sheep.
Sheep and lambs were steady to
strong. Prime clipped reached s7.35
but the general average was about the
same as yesterday.
Shutting off of eastern supply, COM
tinued moderate receipts here and in
the west and the Improved consump-
tive demand were controlling factors.
month ago or lessAthe sanity of a
trader predicting any such advances
by this time would have been serious
ly questioned. Everybody has been
fooled but in different manner to
which SO many feeders were fooled
when they bought their feeding stun
last fall in anticipat ton Of reaping a
rich harvest by the fattening process.
Chicago Livestock.
Chicago, May 23.-Cattle-Esti-
mated receipts for today 5000: mar
ket opened steady.
Beeves $500. ........... 5.1O@6.40
Western steers ...........' 4.30@5.80
Stockers and feeders 1850. 3.90@5.75
Cows and heifers ....... 2.40@5.75
Hogs-Estimated receipts for today
10000; market opened weak 5 cents
lower.
Light 5000. ............ 5s0@6o5
Mixed ...... ........... 5.e5@5.95
Heavy ...... ...-........ 5.4o@5.s5
Rough .. .... 5.40@5.60
Good to choice heavy $50. 5.60@5.S5
Bulk of sales 57565.90