Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-08-30
Cattle OV[Ra)PPLI
CAUSES SBARPbR[lI
HEAVY RUN m. CHICAGO 0Rlfaoe
TOO MANY sTEERs AND pRscEe
sLuMPs sHARpLx.
HOGS DROP 10 70 IS
AFTER STEADY opENlho
Big Killers Get Bulk o. Packing Hogs
for s7.o5 and Slow Demand fsr
Lambs, While Sheep Ar. s.sady-
Current Quotations At Livsstsek
csnters.

Current Quotation. At Liv.:tssk
csnters.
Chicago, Aug. 30.-The cattle run was
heavy, due to over supply Of steers, re-
sulting IN sharp break. s
For two days this week the six mar
l;ets have had 100000 cattle. against
$4,000 week ago. and 10000 year
ago. 1t is distinctiveiy a shrinkage
in native supply as against last week,
brought about by a shutoff in country
shippers operations, since they suffer-
ed heavy financial loss last week, the
result of having bought on basis Of
high rates two weeks ago, only to run
into bear campaign which wiped out
profit with one fell swoop and took
along with it much Of the first cost Of
the steers.
Conditions are changed now. The
country is evidently resolved to 60 a
little slow and allow conditions to adj
Just themselves. Many feeders are
unwilling to trade with country ship
pers on a basis of last weeks decline.
and since there has been no material
reaction In the trade here except for
ceipts will be at market later this
week.
Beef outlet situation calls for letup
in the ma-ketings. There il still com
plant against high retail cost and kill
ers are finding 1t easy to move beef in
any considerable quantity. In the east
beef outlet is also restricted to great
extent by reason of high cost at retail,
and until the consumer becomes acc
customed to the new order OF prices
his appetite for beef is likely to be
held in restraint by his aversion to pay
a higher price in gratifying 1t.
Some little price reaction in the trade
for strictly good to choice beeves not
ed now. as against bad finish Of the
market last week, is due entirely to the
fact that supplies OF that kind are
showing up in shorter volume. The
prime stuff is still about as plentiful
as In recent weeks-that Is. a few loads
are picked out Of Monday and Wed
nesday receipts, but this class Is get
ting a demand all it's own. since 1t
goes to fill an outlet where quality
rather than price is the main consider
alton and the killers are finding use
for fair quota Of that kind even tho
it does cost $S.OO@S.20.
There is strong aversion to going
above s. for it, however. and . little
grouchiness In buyers disposition Is
coon smoothed over where the seller
has something OF extraordinary quality
and the buyer needs the same. This
is evidenced by>the fact that one house
paid ss.15Gs.2o for steers yesterday in
spite of an avowed early morning reso-
luton not to go above So.
. q n.
several points from high water mark
two weeks ago, is getting little freer
demand on it's merits az being worth
as against kinds selling 256l0 cents
lower The latter are having all sorts
of range competition and this feature
will continue for some weeks ahead.
Only reason that medium and plain
shortfed and warmed up natives rose
to such fancy price attitudes two
weeks ago was the fact that the range
runs at the time were out OF season.
scant crop then being moved from
the northwest, but none In the trade
expected that sort of situation to
hold good later this month and the
collapse Of the boom was not surpris-
ing but were there to be had material
revival Of price strength for the 5000
CTS natives in the near future, II
would prove surprise indeed. since
that kind promises to get all sorts of
range competition at least for another
month or six weeks.
Hogs.
Hogs opened steady and then drop
ped and 10 cents on packers bids
Big killers paid $7.o5 and $7.15 for
bulk packing hogs.
Receipts Tuesday brought the total
,, for two days to approximately 1880
head, as compared to actual arrivals OF
1886 head for the first two days Last
| week. and 3s.141 head fof the CORE
spending two days last gear. Mixed
packing found buyers at S6.95@7.221s.
/ or about the same range as on Nom.
| day, with the bulk of the good grades
clearing at $7.15 to 1920. The genera;
i m:;sket held on about the same basis
| thruout the day, and closed little
changed. altho there was the usual
weak feeling at the extreme finish.
| Eleven markets received $500 less
hogs Tuesday than week ago, or 59,-
900 but that total stood 5000 larger
than year ago and 200 larger than
the corresponding Tuesday two years
ago. Chicago had 1000 less than week
ago and 1000 less than 3 year ago.
Kansas City received 5000 more than
a year ago. st. Louis had 1000 less
than week ago>and 1000 more than
a year ago, st. Joseph had 200 less
! than a week ago. Sioux City had; 1, go
les sthan week and year ago. Thus far
this week 10000. or Il 900 LEES than
| the same time last week, IL 900 mere
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