Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-30
THRU SUPPORT OF SHIPPERS
CURE HIGHER FIGURES.
CATTLE PRICES STEADY;
NO CHOICE STEERS SHOWN
Receipts Very Measer and Lacking In
QuaIty-Sheep and Lambs Steady
Market Possesses Unusual Features
Review Of Conditions and Current
Quotations.
Quotations.

] ll!c2go, June 3Q.-HogS had q boom
from the outset today and thru support
from shippers and scalpers sellers were
able 10 work about 10 cents advance
over yesterday. Prime hogs sold up to
$50
Packers are showing no aversion to
generous hog ularketings. In fact, they
are giving every indication of needing
them in their business. The prices al
! mo relatively high, are not being balk-
ed against and il can now be stated
with some degree OF certainty that
/ Si.5Q Q 500 hogs, as predicted by a lot
! OF bearish packers, only q few months
! ago. are a long ways off. For the year
ending March hog packing in the
( United States, approximatii.s 26,5l1,-
/ 0Ql. stood ass, 900 below the average
! packing for the ten years previous. and
| this IS conclusive evidence that the
| abnorma!y high prices Of 1910 have
! not resulted in oyeTproduct!on.
| on the contrary, the crop for market
| has rot been large enough to bring
prices down 10 the basis OF the prev
ious ter-year average. Overproduction
! Of hogs IS matter which is not worry
! ing the farmer nor the packer either.
( Growth IN population has taken care OF
a.! the increase in production within
recent years, and the ability OF market
10 hold on g relatively high basis Is
shown TO be due entirely to good con-
su!npt!ve demand.
y lot Of peerish packers who made
gloomy predictions q few months ago
ergarding summer prices OF hogs evil
IDENTIFY did not take into consideration
10 10
come an expert in merchandising his
product during recent years, and haE-
ing bank balance sufficiently large 70
take care Of his ordinary needs, ne has
not been forced to sell of his hogs in
a rush eevry time he needed a little
extra cash.
Eleven markets received 7TT,700 hogs
Thursday, being 1880 less than ar
rived week ago and 1900 more than
corresponding Thursday year ago
! Chicago alone had 5000 more than a
week ago and s, 900 more than year
ago Combined receipts at eleven
( points the first four days Of this week
! 3s3 goo or y 600 less than week ago
and 5000 more than year ago. chi
! cago the past four days received lo,ooo
| more than a week ago ard I5,+oo more
| than year ago. For the year 20 GATE
1 eleven markets received l2,5 1900.
against g, 757 900 year ago and 1856
0o1 TWO years ago.
Cattle.
Cattle prices were steady No choice
steers were shown.
As regards the high quality co-n-ted
steers. a firm conviction IS held that
hat Kind wlIl 60 higher rather than
over from now On. Traders are say
ing that they can not lay their hands
on nearly as many OF these kinds a
was the case a few weeks back. and il
Will only require reasonably good
/ Dack=r and shipper de-ran for highly
I finished steers % afford higher prices
Tor those grades regardless Of cond!-
lions governing markets for the COM
mon and medium classes.
supply for the four days this week
stands Sc 500. against 1851 a week ago
/ and 41,123 year ago. bat there has
/ been d shorter proportion II choice
steers in the run, and this situation Is
expected 70 prevail for some weeks
ahead. Al the six markets total for fou,
days stands $4,000. a 1000 decrease
! from a week ago and 10000 more than
d year ago but the western points are
/ getting very few finished beeves and
/ nus the killers are coming 70 realize
that they must look TO Chicago to fill
/ orders for choice steers.
! The situation east IS the same. n? ost
/ Of the Ohio and Pennsylvania fat
/ oaevas having gone to market before
! this tine.
| Fourth Of July holiday next Tuesday
! IS causing some guessing among trad
ers relative 20 the probable supply for
. next Mondays market. Yards will be
also BE- no killing in Packingtown. Thus
the local BUYERS will be forced 70 carry
over until next Wednesday all Of their
Monday purchases which they can not
slaughter on Monday, and the demand
on this account IS likely to be curbed
20 some extent. This holiday will not
affect eastern and export shipments,
however but since these orders are
calling mainly for good cattle, it would
be a prudent thing for shippers to mar
.et the common. plain and medium
steers with caution next Monday, since
! a generous run Of that kind can only
effect some sharp price drops. Esti-
mates for next Monday ran at $4,000
% $4,000. and the trade is pulling for
the smaller number to arrive.
Sheep
Sheep and lambs were steady. Top
for lambs was $50.
For the four days this week, the
aggregate receipts were placed at SIS 200
head, against s2,96e for the correspond
ing time last week, and 60,735 head for
the same period a year ago Six west
ern markets had 24,90o for the day,
against 3d. 200 q, week ago. The total
at the six points for four days was
1872, 900. against 10000 a week ago,
and 123, 900 year ago.
Chicago Livestock.
Chicago, June 30.-Cattle-Esti mated
receipts for today, 1000; market open
ed strong.
Beeves ........ ......-..- 4e516.75
IeXaS steers 4.ou ~ b.OO
Western steers ........... 41095.75
Stockers and feeders 49,. 325@5.40
Cows and heifers ....-... 225@5.75
Hogs-Estimated rec eipts for today,
10000; market opened cents higher
than opening.
Light $50. .............. 6.25@6.70
Mixed ..... ......... 6.30@6.70
Heavy 500. ....,-...... 6.15@6.67k
Rough ...... ........... 6.15Q6.30