Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-12-20
LIGHT RECEIPTS
ADVANCE STEERS
SHARP UPrURN ON MODERATE
RUN, AMOUNTING. TO IS
TO Is CENTS.
HOGS HOLD STEADY
DESPITE LIBERAL RUN
Top for Day ss.25- Boom in Lamb
Trad. Causes rs Cent Gain on Bulk
Of offerins.--sh.ep ssrone-Rsvisw
Of Market Conditions and Quotations
a. Livestock Centers. a.,

| Chicago. Dec. 90 There was sharp
gain in the prices OF steers TO-DAY
values advancing 1925 cents on
/ light run.
Midweek run will afford killers about
the only liberal steer crop Tor announcer
week ahead, inasmuch as the mafaet
will be closed next Monday, Christmas
dar. Thus it will be next Wednesday.
Dec. p, before the trade can expec.
another really good-sized~ supply OF
steers, and under anything like ue-
, cent demand for the beef there should
! he need for a fair quota of good quaaty
! cattle.
! The whole trouble with the trade
now. however. is the preponderance OF
rough and cheap quality steers OUT OF
stalk fields and of short corn olet.
High price of feed is soaring IN DIG
crop of this stuff, and unfortunately
H., is hitting market at a time when
ithe demand for it is quite Indifferent
! rhsi affords killers getting heavy
| crop of steers at prices below so.oV'
and there is even a generous-sizeo run
| of light stuff which sells down to sou.
while on the other hand the quota OF
rine good to choice quality stuff ellg1nle
! TO s7.5o67.75 is quite small and 'hele
is indeed a meager lot Win CLASS "
land at $500 or better.
| This situation was predicted In tnese
columns only a few weeks ago, ana d.
| that time 1t was pointed OUT tnat II
would require careful marketing OF me-
dunn and cheap grade steers IN mo
December to avert serious price
clines The decline has come ana -
here largely by reason OF the desire ol
roo many owners to cash in and save
feed bills.
A short time ago 1t was remarked
1a,ara1lv among traders that $500
ton would likely disappear shortly az
+er the christmas demand was filed,
and this opinion still holds good. AL
tho a fancy lot Of yearlings fed in con-
rection with show stuff made 1890 on
Monday. it is doubtful IL the supply IN
rho next ten days or two weeks Will
hold ANYTHING like these yearlings, or
even a really prime load Of heavy
is+eers. Hence the change in the price
!s,a,us. but it is not alone due to the
fact that quality Is dropping that puiK
of selling Is within lower range nov
than a short time ago, since there IS a
a5I5Oc decline quotable In the mar6ee
for biggest share Of steers as measured
with ten days ago, and in some In
stances recent sales have shown
greater break.
For two days this week supply stands
$4,000, including an estimate OF e'ooo
for the Tuesday market. This meas
ures against 1874 for two days last
week and 1926 year ago, while at
, the six markets the week to date run
stands $4,000, against 100000 in the
same period last week and $4,000
year ago, the runs west this week
failing considerably short OF last week.
which in itself has been saving rae
tor from more serious price upsett1ng
at Chicago.
Hogs were about steady on liberal
run. The top was s6.25.
There will be no market here nex'
Monday. Christmas day, and In vie"
> of expected short country demand later
4 this week the trade is hoping for light
receipts. Clearance OF the crop VII
. not be effected unless there is ligh
fresh marketing. The dealers are in
clined to hold down on general pur'
chases and allow packers their pick o
| q 2OOO snare Oh the ueSQy SteeIe' "HSi
II run up into big money. Still, high-class
e strong weight feeders Of near-bee
: grade sold on Monday up 10 $685., which
3 suggests that there aretsome countr!
buyers who want toppy stun and ar
u viewing the future beef steer trade a.
II probable of returning them prpn'
{ even in face of high first cost OF feed
: ers, and likewise big cost for fee
the stuff will consume. -
II However, it is a short trade abov
"a $3.50, and not many cattle are gotn
IF out at a cost above $685.. spread Q
Il s5O0G5.25 is taking a good bushes
kind of 500 to $50 pound steers, and
) lot of right nice 700 to $50 poun
J grades are being had around 3475@4.a(
u a cost which could not be equale
earlier this month. For the plain an
r. medium stuff it is largely a s4.25 Gas
~ market, and the common light feeder
y are gong down to 81. In stocker trad
J. only the ripe well-bred yeariings
Is assorted grade can make s4.50@4.75 an
} higher. while the decent to pretty goo
q light steers landed in the Tuesday trad
Fr at s3.75@4.15, ard there were numerop
lots down to 1926 q $50, th@ae being {
quite common class.
Sheep. az
Ill Boom in the trade caused % Ger
gain on the bulk Of lambs. Sheep wer