Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-11-24
stocksr. and Feeders.


Chicago, Nov. 24.-The high costing
stuff is still only about Is cents down
from top point Of the season. Strictly
choice 1000 to HOO pound steers are
landing around s575, and higher price
is quotabie. Cattle which are going
on: at a cost of s5.25 are taken chiefly
for short feeding and the buyers wan,
good weights at this price, believing
that it is as cheap to buy weight now
as to grow it on high-priced feed.
Most of the right nice grade 500 to
900 pound steers of good color and
breeding are going at s5.15 q $50. while
a fair quota Of $50 to 1000 pound steers
makes s5.2565.50. Biggest share OF
fair to pretty good $50 to 800 pound
stuff is landing at s4.60G 800. while
a lot of common and plain light feed
ers go down to 1925. but feeder stuff
under that price gets few bids. In the
stocker line there are sales Of selected
stuff around s4.5064.70, and some top
Ply little yearlings are landing around
S. and higher. but there are very few
of these available. Plain and medium
500 to 500 pound stock steers go at
1885 a 3.S5, with decent to pretty good
kind at s3.75@4.15. while the trashy
light stock steers and heifers still go
around So.
Cattle.
Cattle were generally steady but Of
ferings were light and quality poor
Matched up with the close last week
a varied price basis was shown as
result of strong discrimination in favor
of weight and quality this week. Ordi-
narily on a moderate run such as had
been here. totaling $1,000 in four days,
against s1.364 a week ago. there should
have been some general price strength.
but it has failed to show. Only the
strictly good to choice grades are high
err and a 15@25-eent gain for the $3.50
MS.25 and better kinds is all that Is
shown which puts the price levels for
these still several notches below high
time this season, altho prime heavy
beeves are pretty close up to the top
notch, a 1920 top being made on
Wednesday. which was only cents
lower than the extreme high point Of
the year. two weeks ago.
For bulk Of the medium to good
steers Of value at s6.25M7.00. market is
only about steady with last weeks
closing, altho buyers say some Of the
500 stuff has cost them more hung
on the hooks than was the case lasl
week Common and plain stalk fed and
warmed-up light steers. on the other
hand. are holding barely at last weeks
prices, and the trade is firmly Of the
opinion that it will require another
week Of light receipts of these kinds to
keep them in decent favor with the
packers =
The same is true Of the medium to
pretty good steers. and in fact. all
kinds. There are heavy beef stocks in
coolers and outlook for clearing them
is not good. Thanksgiving week with
it's attendant heavy sales Of poultry
and game always effects short beef
demand. and 1t would be an unwise lot
of slaughterers who would continue TO
buy big beef stocks in face OF this com
petition.
The country should tnke cognizanee
of this situation and act accordingly.
There will be no market here next
Thursday, and no cattle will be sia1Eh-
tered here that day nor In the east.
This holiday will likely interfere with
lot of the eastern buyigg next Mon
day. since most eastern purchases that
day would ordinarily be killed the fol-
lowing Thursday, and it behooves feed
ers Of good steers, as well as those who
have plain and medium grades. to
watch out for q slumpy demand II
event that next Mondays receipts total
above the actual beef trade needs.
| 81. all my experience, covering many
years. as a buyer. ] never have seen
the time when sellers and buyers were
further apart in their views relative to
| the value Of cattle than is the case
right now" remarked one Of the big
eastern buyers. The stuff is selling at
such a wide range that IT is not posi-
/ BILE for any two men in trading to, af
rive at a definite idea Of the actual
market values, especially for the $3.50
| also steers. can buy cattle in one
/ quarter 2504O cents cheaper than tue
same kinds sell for somewhere else
and it is not the fault Of the seller nor
myself either It is all due to the IN
evenness of the market and the fact
that the competing buyeHE like my.
self. scatter their bids over wide
price range and the best one cops tn
offerings"
Sheep.
Demand was slow for liye muttoni
and sheep. 50
/ Chicago livssteess. 80
A.. - rs~xA1S rS.<s..a 49,