Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-01-18
HOGS BOUGHT eY SHIPPERS AND
scALPERs EARLY At S
CENTS ADVANCE.
PRICES EAsED LATER BUT
BULK RANGED AROUND So
Cattle Trade Was Slow, Buyers Late
and Few Choice Steers Offered, Gen.
era Quality Not At.ractive-Sheep
Were Steady Gut Lambs Lower-The
Horse Market.

Chica go, Jan. 1S.--Hcgs were loueht
by shippers and scaipers early a
strong 10 cents higher a Top OF $50
Icing paid. Later prices e;i,ed u little
and the bulk ranged at $3.50 TO $500
" ith an extreme top OF SS.lU Tor lisnrs
AT ne five principal wes,e.n markets
Tuesday there were ahoG: $4,000 head,
against S5,oO0 last week ard 1000 a
year ago, the two-day run AT these
points being approximately 111,0o0,
aEsuins; $4,000 last week. Packers,
provision trade experts" and the res;
of the bear dopers may derive con-
ISOLATION from these statistics and find
argumen t for lower prices, but to a
layman it does not suggest more hogs
than Consumptive demand requires
This time OF the year ougl; to develop
some hig runs, bu, they are not show
ing UP. One expert announced yester-
day morning that high prices and in
creased hog production in Europe had
Eliminated export demand. vet last
Weeks exports were con -iGerably in ex-
cess of a year ago. $3.50 barrels of pork
100000 pounds Of lard, and 1o.994
boxes of meat finding that outlet.
against 1870 barrels. 100000 pounds
and 10,6o2 boxes a year ago.
Cattle.
Cattle trade was slow today. Pack
ers didn't begin buying until late y
few choice steers were offered, but the
quality was not especially at
tractive. Butcher stuff was steady for
a time but eased off toward the close.
Most of Tuesdays supply consisted
of fair warmed-up steers which cleared
at $3.50 go, with plain lightweight
offerings at s5.25 q $50, and common
rough lots at IS and lower. These
found their way mostly to local pack
ers, who were forced to pay steady
values by sellers who knew they could
find an outlet for their holdings thru
feeding channels If killers did not
make satisfactory offers.
Receipts Tuesday brought the total
$500 head a week ago and 36,1o7
head year ago. OF this number ship
pers took 1900 head, against 1868
head week ago and 1882 year ago.
Six markets had 33.1oO cattle for the
cay and 100000 for two days, against
$4,000 for two days last week and 3d.
coo year ago.
That prevailing prices should cause
dissatisfaction among corn belt feed
ers is not surprising. and it is evident
that either thin cattle on the feeding
order will have to come down in price
or the fat steers will have to go high
er, or there will be no inducement to
continue and enlarge feeding opera
tons.
Packers know what a curtainment Of
feeding operations would eventually
lead to, and it is the opinion of the
trade that it would be to their interest
to work for a more equitable adjust
menr Of values. Paying higher prices
for the fed steers Of good quality
would mean additional financial out
lays for killers at this time, but in
adding to their expenditures now they
would encourage feeding Of fat steers
and insure for themselves liberal sup
Plies and reasonable prices for the flu
ture- BY depressing the market for
fed stock. however, they cause dissat-
among the feeders. engender
q feeling of pessimism in regard to the
of feeding stock for the
future trade and furnish raisers with
good excuse to refuse to enlarge feed
ing operations as they should to meet
the requirements Of steadily growing
population
Sheep were steady but lambs were
lower. The best price for wethers was
1855
Total receipts thus far two days this
week are 5o,s0o, decrease of $500
compared with same period last week
and an increase of 1890 compared
With corresponding time last year
Feeders We're on hand with steady or
ders
Receipts Of sheep at six markets
Tuesday totaled 45.4oO. against 80 500 a
'reek ago 27,5oo a year ago and $4,000
wo years ago. Total thus far this week
10000. against 100000 the same time
last week. 10000 q like period last year
and $4,000 the corresponding two days
two years ago.
Prime 11o-pound western wethers
reached s4.75, the highest in four
while other choice killers land
ed at .50m4.70, with fair class down
II s4.15. Ewes topped at 1925 and
others ranged at s40nm41s. with Sec
onds at s3.o0I3.25. Yearlings reached
$3.50 and other lots sold at $5.5005.60
with plain heavy kind quota BILE below
$500. Native ewes made s3.Oo@425.
with only small pronortion of trans
actions under $500. Odd native weth-
ers sold at s44o@Aso, with yearlings
downward from $3.50. Bucks went at
s3.oo13.5o
Chicago Livestock.
Chicago. Jan. 1S.-Cattle-Estima tied
receipts for today. 21,000; opened
steady.
Rseyes ~ 4s0m7n O