Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-02-01
PRICES POUNDED FULL Is AND
DECLINES EVEN GREATER
IN SPOTS.
GOOD BUTCHERS BOUGHT
BEFORE CLOSE Low AS $40
Cattle Market Also Dealt Hard Blow BY
Heavy Receipts, Trade So Slow That
Twas Impossible to Quote Prices Ac-
eurateIy Sheep and Lambs Very
Dull But About Steady.

Chicago. Feb. Hogs were pounded
more sharply than they have been in
any one single day this year. and drop
OF Yesterday. While there were spots
where the declines were even greater.
A top Of s-1.l. was paid, but il was
far above The general market, and good
butcher hogs We're being bought be-
fore me close at s7.40G s7.45.
Big weight in hog marketings. result
OF liberal feeding of the porcine stock
his winter. since weather was ideal
and me farmer OF q mind TO hold down
supplies al market in an effort to check
packers desire 10 force prices lower.
is having the effect of widening the
spread in values. Lightweight hogs
are commanding a fair premium over
heavies. and the prediction is freely
made in local trade circles thar this
breach in values Will widen materially
In the near future.
With the great majority OF the hogs
running heavy in weight and strong
demand for back bacon. there is natur-
ally keen call for the thin skinned
porkers. which cut up into best bacon
makers. These are commanding Is to
% cents premium over the strong
weight hog which goes into general
packer and shipper consumption. but
the fact that the general price Is still
comparatively high. and that It pays
the feeder well to make weight while
the process is easy. should not tempt
holders of the light stuff which is IN
immature condition to ship II too fer
vently.
When the light-we:ehts attain a re-
spectacle premium over heavy and
butchers there will be less tockey.ng
Of the prices in the respective classes
and thereafter prices should auctuate
on fairly even basis. strong bull or
bear tendency IN market for one sort
being sure to have a sympathetic effect
on the other.
Cattle.
The cattle market was hit hard by
heavy receipts and trade was so slow
that up 70 a late hour there was no
buying and it was impossible to quote
prices accurately It was generally an
Of 156 IS cents on steers. and proha bly,
10000 was far beyond the needs Of buy
ers.
The condition Of beef demand Is such
that sellers can hope for decent trade
only under moderate receipts. The east
is not requiring big supplies, after the
heavy quota OF shipments TO that quar-
ters .n the las. two weeks. and reports
are to the eSfec: that beef demand is
still in mean shape. while locally. with
the chillroons plent;fully stocked.
packers are looking forward 70 bear
!sh spell IN the market and heavy run
Will give than plenty o. satisfaction.
since i, can not help but effect lower
prices. rot only for the big-we!ght
steers Of good quality. which just now
are strong factor IN the receipts. but
for light and handy-weight stuff as
well. which latter kinds have for some
line been selling relatively too near to
the prices brought by high quality.
aforementioned classes
The trade is looking for fair runs
for the next six weeks. altho the move
-nent is likely to be interrupted dur
ing February by bad roads. A year
ago January saw some bad weather,
preventing carriers from handling hogs
as fast as they were offered. This year
the movement has been prompt and
there is every reson 70 believe that the
crop has been closely marketed as to
weight
Shipping demand has been relaxed
and exporters are buying fewer cattle
than recently. as prices on the other
side do not warrant it. Dressed bee.
trade in the east has been more or less
1eroralized by unreasonable weather
7rhici, still continues temperatures be-
ing high all over the east The re-
suit vas that a little beef accumulated
last week. both here and at eastern
distributing stations and a very small
accumulation Is necessary 70 repress
cattle buying operations. Beef hand
lers are pursuing a hand-to-mouth
policy and a few carcassee on the
hooks cause them to shut up their
mouths. becoming mute as bucket of
clans. They buy only in response to
necessity and are active only when
-o:,iaT= are s5eTe
January receipts here are about %
900 more than last year while ship
pers have taken $4,000 more. In pounds
Of beef the run has shown con-
| sidera HE Increase over January, 1910
as weight has been conspicuous. Kan
sas City will show slight loss for the
month. while Omaha has gained about
5000 The FIVE principal western mar
kets show a loss Of about 10000 com
pared with the same m onth last year.
Sheep.
Sheep and lambs were very slow. bu,
about steady on the better sorts. prime
lambs being quoted at $6.05 and best
wethers around $40
Total the first two days this week is
1890 4 decrease of 1900 compared
! with same period last week and an in
crease of 1900 compared with cor
responding time last year. Run at six
markets Tuesday tota1ed $4,000. an in
crease Of $500 over a week ago, 81 O0f
CONF pared with year ago and 10000
compared with two years ago. Tota
thus far this week o7,ooo or 1000
larger than same time last week. $1,000
heavier than like period last year. and
showed an increase Of $4,000 compared
with corresponding two days two years
ago
Chicago Livestock.
! Chicago. Feb. 1-Cattle-Estimat tee
receipts for today. $4,000; opened II
! cents lower