Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-02-07
SLIGHT WEAKNESS IN PACKING
AND HEAVY GRADES AFFECTED
OTHER SORTS.
TOP OF S7.s5 EARLY WAS
HIGHEST EXCEPT FOR PIGS
Bulk Sold Within Range Of s7.e5 to
S7.s5-catt!e Market More Active
Than Monday, WIKI indications That
Prices Would Rule Steady Small
Price Changes in Sheep.

Chicago Feb. 7.-Trade in packing
ard heavy grades Of hogs did not hold
up to the full strength of the early
market and the slight weakness in
these animals was conveyed 70 other
sorts before the end Of tie session.
Near thi close the marke; 10 ,keG ABOUT
cents lower than the values OF the
hesc time of the day a top Of s.SS
was reached carly. This wa, the high
est reached except for pigs. which We're
quoted a high as IS. The bulk OF
hogs so.i! within a range of $50 TO
s1.75.
Nm important Improvement in tn"
demand for cash meats on southern
account IS now am the p"obabl!l-
ties. The field hands Of the south
must be fed, ard heavy meat is g1ia-
orally used 70 suppl. their wants. In
addition TO this, the business IN bacon,
as we'll as other cuts. is reported as
improving along the entire line. Ia
lard the trade is better because the
average housewife is refusing to use
subs state, for this commodity. Thr
situation in the Dso,tsion market vii!
doubtless hinge OF the receipts of hogs
from this time forward. AVID they are
expected to increas g during the COM
ing week. With a general breaking
up of the roads in the country. which
will be followed by farm work as
soon as possible. the supply Of hogs IS
likely to diminish. 1t will be the de-
sire Of packers to bear hog prices as
much as possible in order TO fill their
cellars with cheap meats. Stocks Of
manufactured hog products in this
market at the present time are smaller
than usual and the situation may be
called quite healthy In consequence.
Gregson makes the point on provi-
sion trade that Chicago alone. re-
ceived enough hogs during January to
make over 6o,oo0.0Oo pounds Of short
ribs and $4,000 tierces Of lard, but at
the end Of the month only 100000
OF ribs and 10000 tierces Of lard were
on hand. showing that the hog run has
been unequal In accumulative Of stocks
after ordinary consumption channels
have been supplied with daily require
ments.
Cattle.
The early cattle market was more ac-
tive than 1t was yesterday. and indt-
cations were that prices would rule
steady, with a probability that any
changes that might be made would be
on the side OF advances, rather than OF
declines.
Run Monday was first estimated at
$4,000. but it later became evident that
this figure would not Ali and late
guesses put the supply at $4,000, which
stood against $1,000 week ago and 49,
122 year ago, while at six markets the
total supply was 5000, 10000 cut
from last week which gave plenty OF
evidence of the holding disposition
which the country contracted as re-
suit of last weeks declines. After the
drubbing which buyers gave the market
last Wednesday, it was evident that the
country would shut off the supply rather
than adopt the suicidal plan Of crowd
ing a heavy run on the market, and 1t
was a most fortunate circumstance that
offerings were light in view OF the
weather conditions. A big run could
not have been handled with even the
leas. satisfaction. for since even with
small supply the market failed to take
on any Of the odl- fashioned hullish ami
nation which some Of the traders ex-
pected when the estimate was first
chalked up. With beef stocks plentiful
to fill only legitimate needs, and their
ability to hold prices to a general adj
vance of 100 zoe tastiG ii to their serene
position in current affairs.
Hard storms many prove a good thing
for the trade, in that they will prevent
heavy loading out OF cattle for the We'd
nasday and Thursday markets. This
would be a bad policy for shippers TO
,rtf, ~
gains. for the reason that they were
brought about simply b.. the force Of
the scant supply rather than revived
beef demand and the gain can quickly
10 disSipoted under anything like lib
eral runs bore We lnesaay or Thursday
Of this week Tho market really needs
two weeks OF more of light receipts in
order that surplus beef stocks can be
moved off chillroon1 hooks. and any at
.nnlp. to force the killers to take an
ether big run Of stuff can only have
the Inevitable nffec. Of erasing all the
advance Of Monday and more, too.
Sheep.
Sheep and lambs showed small price
charges The selling side was asking
a little more money, and it seemed
probable that strictly prime light lambs
would bring s625 or more before the
close.
Chicago Livestock.
Chicago. Feb. Cattle - Estimated
receipts for today, $500; opened slow
at yesterdays best prices.
BeeVeS ........ f.3VWo.oO
Stockers and feeders 5000. $50 % 5. 80
Cows and heifers .......... 2.60@5.s0
spaulding prize for public speaking the