Evening times-Republican., 1911-04-28

Chicago April 2s.-Hogs finished
nearly steady after early weakness,
from yesterday. Some sales were 5@1O
cents lower.
Supply in the west while lighter than
last week, continues about double the
proportions of the same period last
year. The five western markets had
about $4,000 against $4,000 last week
and 10000 year ago. making a four
day run this week at these points of
approximately 10000. against 100000
last week and $4,000 week ago.
Provision traders point to the fact
that from great scarcity Of live hogs
N the fail and early winter. justify
ing a prospect that the increase would
be gradual, supply has expanded dur
ing the past six weeks in surprisins g
fashion. This has made a steady low
ering Of values inevitable. Hogs are
now on a &C basis with both lard ard
side meats down to correspondingly
low l-y IS. With such reasonable
prices the whole world seems to be
eating the hog product and there is
reason to expect a broad volume on the
basis of current cost.
Combined receipts of hogs at eleven
markets Thursday totaled $4,000, or
$500 less than week ago, $4,000 more
than year ago and II, 500 more than
corresponding Thursday two years ago.
Chicago received 1000 less than week
ago and 1900 more than year ago.
Kansas City had 1000 less than week
ago and 5000 more than year ago.
l..
and 1900 more than year ago. ST. Louis
had $500 less than week ago and 1000
more than year ago. Sioux City had
$500 more than week ago and $500
more than year ago. Total thus far
this week, 376,000. or $4,000 more than
same time last week, $4,000 more than
like period last year and $1,000 more
than corresponding four days two years
ago. Total for 1911 to date. 1884, 900.
or 1, $4,000 more than same period 1910
and 900 less than corresponding
time 1909.
Demand for steers was about strong
enough to hold the market at yester-
days prices. The supply was meager
at the close and the prices generally
nominal.
With prices Of good to choice long
fed steers resting at a new low level
for the period extending back to March,
1908, 1t is up to the country men for
the second time in two weeks whether
they will heed warnings and let up on
the liquidation deal or continue indis-
criminate forwardingS and give killers
another opportunity to force prices 10
new low levels. Thursdays betterment
in the trade is no indication that pack
ers and other buyers have come to the
conclusion that fat cattle are cheap
! enough. and there is nobody here will
ing to insure the trade against a re-
sumption of aggressive bearish tao
tics next week If arrivals are of suf-
ficient volume to afford buyers the
least leverage. At the same time coun-
try shippers have it in their power to
force buyers to the conclusion that a
rock bottom level has been touched,
and the safest way to do that is to cut
down the supply at market points.
A load of choice heavy Iowa steers
went over the scales at $500 yester-
day, and a drove of 1,3G0-pound Offer
ings rea ched $500. topping the market
at that point. This price was Is cents
lower than the extreme top attained
Monday, but there was nearly that
next best sale recorded was at $6.15
and a moderate number of strictly good
handy weight fat steers found an out
let at s5.S0@6.00, these being the kind
to show the most rally from Mondays
low point. Light and handy-weight
medium to good quality killers and
shippers cleared at $5.50@5.80 i, and
some of the rough heavy-weights made
the same figures, while plain light
steers dragged to g. slow clearance at
s5.10@535, with tailings at even money
and lower.
This weeks four-day supply Of H.
300 head compares with arrivals Of 52,-
626 head for the same four days last
year and 44,e32 head for the cores
ponding time two years ago. Six west
ern markets today had 1900 cattle, as
contrasted to 10000 a week ago and
Is, 100 year ago. The aggregate at the
six points for the four days was 110,-
900, against 11s,0O0 for the same per-
iod last week, $4,000 q year ago and
1O4, 900 for the same time two years
ago. Indicating that Chicago this week
got more than it's full share Of the
general marketings. ~M
Sheep.
Sheep and lambs trade was strong
er. Prime wool lambs sold up to $3.50,
geenrally 20@30 cents higher.