Evening times-Republican., 1911-02-10
PACKERS REVERSED THEIR TAG.
TICS OF THURSDAY AND
FORCED REcEssIoNs.
LOOKED LIKE NO BETTER
THAN s7.45 FOR CLOSE
c.ttl. R.esi pt. were Meassr and Buy.
ing Had 4 Little More Life With
Good Strong Tone For Steers and
Active Inquiry For Butcher Stuff
Sheep and Lamb Trade Good.

SIllCdSO, + co. 1V-1 lie IloS HldL hee
dropped rapidly after the first hour to-
day Packers reversed their tactics OF
yesterday and, instead of advancing
the early market, forced recessions,
with the result that the close showed
a level of about 10 cents under the
opening prices, and hogs that sold early
at 1896 q $50 did not bring over s7.4o
q $50 late, and it looked as tho there
would be number of hogs a no bet
ter than $745 before final sales We're
made.
Combined receipts of hogs at eleven
markets Thursday totaled $4,000. or s.
900 more than a week ago, 10000 more
than year ago and $4,000 more than
corresponding Thursday two years ago.
Chicago had 5000 more than a week
ago and 5000 more than a year ago.
Kansas City had 1000 more than a
week ago and 1,400 more than a year
ago. Omaha was 2100 less than year
ago. St. Louis stood 1000 less than a
week ago and 500 more than a year
ago. st. Joseph was 1900 more than
week ago and 1000 more than a
year ago. St. Paul had $500 more than
a week ago and $500 more than a year
ago. Buffalo had 5000 more than a
year ago and PittsburE had 1900 more
than a year ago. Receipts the first
four days this week $4,000, or 5000
more than same time last week, $4,000
more than like period last year and
$4,000 more than corresponding time
two years ago.
Cattle receipts were meager and buy.
ing had a little more life. there being a
good. strong tone to the market for
handy weight steers and an active In
quiry for butcher stuff. Heavy steers
sold steady, but the demand for them
was not 80 keen.
Killers are fighting hard against an
advancing range and there II suspicion
to the effect that there will be general
satisfaction among buyers early next
week In the event that this weeks
price rise starts some renewed iqui-
dation, resulting in another heavy sup
ply.
Market has behaved in such credit
able manner this week under lighter
supply that it would be poor policy to
swamp the trade with heavy run
next week, since good share Of the
current advance would be speedily dis
sipated. The trade is higher merely
by reason Of receipts having been cut
to volume which necessitated the
killers and shippers competing keenly
to fill their needs.
-Four days run at Al 600 stands 49,
300 below a week ago and 12,7G0 small
er than year ago, while there has
been curtailment in receipts west as
we'll, the totals at six markets for
the four days this week standing 49,
900, against $4,000 week ago and
1913. 90 year ago. Supply has not been
materially under the trade require
ments, even tho it has stimulated a
much keener general demand. Surplus
beef stocks, however, have been moved
with some freedom because of light
fresh receipts, but the beef demand
fails to broaden to a point which will
safely provide outlet at current rates
for anything like liberal runs, and the
trade believes it will be pursuing a
wise policy to hold down the receipts
at least another week. That the In
ducement to ship is strong in many
sections, however, it is generally
agreed, since this weeks advance af-
fords some holders Of short-fed stuff
a profit, and there is strong inclination
even tho it may be small, rather than
gamble very long on future prospects.
hTe advance this week has elimi-
mated from the trade the imposing
delegation Of good killing cattle that
sold from cents down on the break
! last week. Instead of working the crop
and buying late in the day, killers have
been compelled to get in early and take
fill, with the result that dressing
percentages have been l to 2 per cent