Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-03

Scalpers took hold but packers held
! back in the early dealings.
The western run preserves bearish
! proportions continuously. There were
about $4,000 hogs Friday at the five
! principal markets, against $4,000 last
/, week and $4,000 a year ago, making
q flve-day run at these points this
week of approximately 1000, against
; $4,000 last week and $4,000 year
| ago.
/ While quality is still good, signs of
deterioration can be detected, and the
stuff is coming more mixed than re-
Gently with larger percentage of
lights. While grass is not a conspic-
uous factor, the time is at hand when
| it's influence will be felt.
Liverpool is working a little higher
on bacon and private cables give evil
! dence Of q big trade there. There are
signs of that market setting the pace
in demand for bacon, as it did for
hams few weeks ago. Hams have
advanced cents per pound in two
weeks and are in broad demand at the
advance.
Combined receipts of hogs at eleven
| markets Friday totaled $4,000, or 1920
more than week ago, 1900 more than
year ago and 1900 more than CORE
spending Friday two years ago. Chica-
go received 1000 more than week ago
and 1000 less than a year ago. Kansas
| City had 1000 moro than year ago
Omaha had 4.300 more than week ago
and 1000 more than year ago. St. Lou
is had $500 more than week ago and
! $500 more than year ago. ST. Joseph
had 500 more than week ago. Sioux
{ r,a week
| 500 less than year ago. Total thus far
| this week 514. 900, or $4,000 more than
same time last week, $4,000 more than
| like period last year and $4,000 more
| than corresponding five days two years
ago. Total for 1911 to Date 10,506.OOO.
! or 2,410,OOO more than same period lasI
week and $4,000 less than correspond
ing time in 1909.
Cattle.
Cattle closed weak and lower. Butch
I. er stuff seems almost certain to break
still further. 1t has gone off 20 TO Az
cents this week, and grassers have been
hard to sell. Effect Of the competi-
ton of Texas cattle is being felt
Steers of high quality, notably the
5000 and upward kinds, are holding
pretty much on level with the close
last week That kind sold steady to
-
10 cents higher Wednesday, but lost
the advance before the close that day,
while since then they have held prac-
tIcally unchanged. Proportion of strict
! ~ good to choice grades in the run has
been about at demand requirements
hence their steady price status now
, compared with a week ago. Other
grades, however, in spite of smaller
receipts this week, have had declines
for reason that the trade demand has
needed even fewer of them than ar
rived
That the country is not holding any
very big supplies of strictly choice
heavy steers as well as the best 1850 to
1850 pound grades is pretty well estab-
lished since the runs of that kind are
not very generous now. These grades
are not looked forward to as likely to
have much Of price slump in the near
future. but there IS a dubious outlook
with regard to the warmed-up and me-
dunn native steers should such kinds
come freely in the next two weeks,
when the southwestern stuff is bound
to be moved in generous supply.
Weeks supply has been by no means
heavy. Five days run stands 49,SOO,
against 53,225 week ago and 1851 a
year ago, while outward movement
was 17.400, comparing with 22,S19 a
week ago and 1856 a year ago, but a
slowing down in shipper demand in the
last few days has had no small part in
effectirg price declines Early in tho
week the exporters bought with some
freedom largely within range of $3.50
5000, altho the export demand this
week did not run up as big as a week
ago, since lot more cattle were avail
able to exporters in the Toronto mar
ket. where they bought as cheap and
often point or two lower than here.
Yearlings have formed q pretty gen.
erous quota of the supplies, but offer
ings of choice TO prime yearling grade
have fallen off some, while there was
an increased quota of 700 to 900 ID
medium to pretty good yearlings. These
are kinds which Kill lout several points
lower than the strictly well finished
yearlings and buyers are discriminating
against them on this account, while the
same policy is expected to prevail
later this month. 1t is a seasonabIe
break for both the yearlings and med
ium steers, and ultimately should mean
a wider general spread in the prices
as compared with the narrow range in
recent weeks.
That prime finished stuff, both year
lings and heavy grades, is still well APP
rreciated at the prices is shown by the
goo demand for it this week. Yearlings
topped at $3.50, as good price as pre-
vailed all during May, while prime
| heavies sold up to s6.45. and there was
a fair sprinkling of toppy 1900 to 100
Id steers at $6.10@6.30, but 1t must be
borne in mind that the average run Of
good to choice steers now is on basis
Of $5.S0@6.00 and to bring above $500
the cattle must have all kinds Of choice
quality, together with the proper finish.
A year ago the top was $3.50 and a
wide price spread was in force, COM
mon steers selling at s5.65@5.90 and
bulk of good to choice at s6.75@8.10,
while this week a spread of s5!60@6.
has taken biggest share OF the medium
to choice grades.
Grass fed steers are as yet showing
UP in short supply. but more Of them
~il be here within the next two weeks.
Top steers this week at $3.50 showed