Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-01
LOCAL PACKERS AND SHIPPERS
PAY ADVANCE OF 5
CENTS.
MIXED AND HEAVY SORTS
SELL AT SLIGHT DECLINE
vance For Primo Grades-Spread Be-
ing-Sheep and Lamb Trade Steady
-Wethers at High Mark.

Chicago, July demand for good
shippers and also some of the big kill
ers paid cents advance. Local pack
ers also secured some common heavy
and mixed sorts at slightly low er
prices. The top was SG7712.
Seventy three thousa I'D hogs arrived
at eleven markets Friday, being 1880
, less than a week ago and 1900 more
than corresponding Friday a year ago.
| Chicago received 1900 less than week
ago and 1000 more than year ago. st.
Louis received $500 less than a week
ago and Kansas City reported 5000 less
than a week ago. The first five days
Of this week eleven markets were cred
tied with 45S,000, or $4,000 less than
week ago and 81, 900 more than a year
ago. Chicago thus far this week re-
ceived 1880 more than a week ago
and 1880 more than correspondents five
days year ago. Total at eleven points
for 1911 to date 1912. 900. or $4,000
more than year ago and 100000 more
than same period two years ago.
Cattle.
Cattle were steady and nominal.
A long season of low prices for fat
reeves is ending. Choice quality comes
into its own again. Price spread be-
tween common and best steers has
been steadily widening for four weeks
past and the belief is general in trade
circles that a still wider range of
prices will prevail within few weeks.
1t is because of growing shortage OF
finished beeves that the trade is TAX
ing hopeful view Of conditions ahead
rs affecting nigh quality cattle. That
kind is now selling highest since April,
and if 500 steers dc not materiallze
at Chicago within the next few weeks,
a big number Of conservative traders
viii have missed their guess
This week supply stands $4,000,
largest in a long time, but there has
been need for every good bullock which
arrived and more could have been used.
AS regards medium and plain grassers
and warmed up grades, however. a diff
ferent situation has existed. Most me-
diums close about steady with week
ago. while practically everything of
value above $500 shows a strong to
higher basis. kinds selling upward of
s6.25 being today Quotable 10M Is cents
higher than the close last week. but
on the other hand common and plain
light killers which did not suit the
feeder buyers have gone lower. that
kind finishing on a level 1o015 cents
under a week ago Latter grades have
had completion from a generous sup
ply OF Texas cattle at other markets,
while the weeks run OF Texas at Chi
cago stands a little over 5000. and
thev have naturally been factor in
dulling trade for plain natives.
Top this week stands cents higher
r.t,, ,D,tI
II. while the 500 prognosticators are
chalking down their guesses that this
figure will materaIze within a short
time, since the growing scarcity Of
prime stuff is causing plenty OF bullist
enthusiasm among the traders. It viii
require only continuance of current
strong demands for topDy stuff to effect
a considerable further price boost in
the market for that grade They are
already selling 40G50 cents higher than
low point a few weeks ago. while on
the other hand the commonest steers
are selling about that much lower than
best point for poor killing steers lit
tie over q month ago.
It has been a steadily declining mar
ket for one kind, and while the reverse
conditions have prevailed in the other,
results being q onsilerably wider price
spread, which has only nateria!ized
trade predictions made a few weeks
back Quality gets the call for reason
that the public is discriminating in
| favor Of best beef cuts, but still higher
markets for best steers will depend to
some extent upon the consumers Will
| ingness TO pay considerable prem
| ium for top quality beef. For months
| past the difference in price between
medium and best quality beef has been
/ small and the consumer appeared 10
! ike that sort Of q situation, since It
worked in his favor.
! There is nothing on the horizon which
| forecasts a rising market for the cheap
| quality steers. That kind is coming in
| profusion and il will require a record
| corn crop prospect u few weeks ahead
as we'll as good pastures, to induce the
| feeder buyers to come into the market
and compete freely against killers for
the 1000. 10 100 grassy steers which
are now selling above So Texas will
| continue to unload a big crop Of grass
steers and lot will come from Kansas
and Nebraska while Iowa Missouri and
Illinois appear TO have plenty Of imma-
! ture cattle in pasture. Thus the pros
pect is by no means pointing to scare
| ity of medium and plain cattle and
traders are wary indeed to make pre-
dictions Of materially better prices for
the cheaper grade stuff despite the gen.
eral belief that the Chicago market is
going TO establish higher prices for
matured steers in the next month.
Fourth of July comes next Tuesday
and market will be closed that day. For
this reason a moderate Monday supply
will be needed to assure good outlet
Killers will be reluctant to carry over
| Monday purchases for slaughter or
| Wednesday. and it is a prospective short
| Monday demand the trade is facing fol-
steers which lack strictly good to choice
| quality Coolers hold enough beef tc
go the rounds and thus there will be
no necessity for big buying by packers
next Monday.
Sheep.
Sheep and lamb trade was steady
Some fair quality Of springers sold a.
1925 One lot Of wethers sold at $5.15
the high mark of the year. They were
above the general quality Of recent Of
ferings