Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-03-29
SlN3o 81 OIL o. sA33Ls 20 S3oIHd
LOWER, PACKERS sipolNo
DOWNWARD.
SOME ACTIVITY APPARENT
NEAR CLOSE OF SESSION
Weakness in Hogs and Packers Force
Break Of 10 cents-Hold on Until
Late and Then Buy Heaviss at Dc.
cIine-Sheep and Lamb Trade Drass
and Prices Difficult to Quote.

! Chicago. March oe-The steer trade
was weak and slow and il was not I'M
. til late in the day that there was any
Indication of activity. Prices Of steers
looked 10 to Is cents lower, and most
of the early support came from ship
pers. Packers in many cases bid Is
cents lower than Mondays best time.
Butcher cattle sold at steady prices.
For two days this week supply stands
only $4,000. Mondays actual run hav-
ing been 1878. A week ago there
were 26441 cattle in the two days and
taken their full quota and II was the
brisk shipping demand coupled with
export buying which was a strong fac
tor in the price boosting process noted
Monday. Shipper call as factor IN
trade. too, was we'll emphasized yes
terdav when tie absence OF good de-
mand from this quarter affected the
weaker selling Shippers have taken
s. 400 a,;,e in two days. against 10sss
a week ago and 1915 year ago. but
percentage Of the supply taken by the
shippers this week shows considerable
gain over a week ago, good indication
Of some little betterrnent in the beef
trade conditions. and as the mean beef
market has furnished killers chief
bearish argument OF late, the fact that
the east seems to need q moderate
quota Of Chicago supplies Is significant
Of some little Improvement in the situa-
.io url- % Sna0 for
a continued bearish attitude on part
Of local killers.
At six markets Toy the week 70 date
supply stands $1,000. against $1,000 a
week and year ago. Thus the country
is adopting wise policy all around in
merchandising cattle since the condi-
tons IN market began to improve last
Wednesday. Shortage has not sudden
~ become a serious factor to be feck-
oned with as many would seem 70 be-
Iieve. altho II IL moro or tess sig
ntfcant that price boost should make
feeders a bi. more bullish regarding the
immediate future and refusal to cash
big supply on strength Of price up
turn shows good policy on their part.
since some severe punctures can easily
be made In present inflated values with
the advent OF renewed big supplies hit
ting market.
General price basis for all beef steers
shows esq Csc advance over low spot
hi. on Monday OF last week. AS COM
pared with q week ago. however. the
betternent wa. measured by traders at
largely csc, but the advantage IN weight
thus far in the week has been on buy
e-s' side. and the killing percentage Of
local purchases stand out better than
a week ago by ason OF the purchases
having carried less water over the
scales than was the case last week
Three roads hung up an estimate OF
7o5 cars in sight for tho Wednesday
market. This was only a few cars
heavier than a week ago. but the fact
that market ts considerably advanced
wa. taken by the trade to mean that q
considerable number OF nearby cattle,
which are rot reckoned with In the adj
vance car report. would be loaded into
the cars as result OF some telegraph
ing done yesterday by sellers In posting
the nearby constituency on the rela-
lively good condition Of current market
Estimates for the Wednesday run
ranged at 5000 to 1900, but the light
er crop will be preferable. since any.
thing like heavy supplies can only push
values down, and the effort will hardly
be a severe task on packers part.
Hogs.
Hogs opened generally weak, the only
support being from scalpers. Packers
held off until late and forced break OF
about 10 cents on the bulk OF heavy
sorts.
Combined receipts Of hogs at eleven
markets Tuesday totaled 1920, or o.
500 more than week ago, 21,30O more
than a year ago. but 1850 less than
corresponding Tuesmday two years
ago. Chicago had 1000 more than q
week ago and 5000 more than year
ago. Kansas City had 1000 more than
a week ago and 5000 more than year
ago. Omaha had 1,5o0 more than
week ago and $500 more than a year
ago ST. Louis had 1000 more than a
year ago. Sioux City received 1900
more than year ago. Indianapolis had
twice as many as a year ago Total
thus lar this week, 177,0O0, or e,1Vv
less than same time last week. $1,000
more than like period last year and 49,
900 less than corresponding two days
two years ago Total for 1911 TO date.
5,ss2ooo, or $4,000 more than same
period 1910 and ss3, 900 less than corr
responding time 1909.
I Yesterday was the second consecu-
tive light Tuesday run locally, suggest
ing that the supply OF big hogs in near
by territory has been closely marketed.
Not only was the run light, but II
carried a suggestively large proportion
Of underweights. Until recently Tues
day quality was good. but 1t is evident
( that the dairy interests are now resort
i ing to the scrap!ng process. far-away
runs being needed to materialize q
crop Of big hogs.
Several Of the close students OF con-
dittons In the provision trade believe
the short sellers Of lard are taking too
much for granted and are selling shori
at too low a price relative TO the
short ribs and other product II Il
claimed that as lard - cheap enough
again to make the use Of substitutes
undesirable. the increased consumption
win make . big difference IN the mar.
;ss4, S...55 TIA. lara Ely seN at TIKI
usual price over the ribs The cures.
receipts Of hogs are yielding . BIG Per
centaGe Of lard owing 20 the haawy
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