Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-01-10

Chicago. Jan. 10.-Hogs dropped 5
TO 10 cents and the big end of the de-
cline was the maximum figure. There
was no demand from packers until late
in the day and their bids looked fiat
10 cents lower than the best period of
the previous session. The live stock
exchange is heading meeting today to
discuss the adviSability of closing the
| hog market at 1880 each day.
! Supply both here and in the west
Monday was somewhat in excess of eX-
pectation. The five principal markets
had about 1900, against $4,000 last
" eek and $4,000 a year ago. so that
/ the figures We're not bearish. Quality
was never better, few light hogs, or
pigs. and little trash being in evidence.
The average weight of last weeks re-
ceipts was 234 pounds. against 223 the
previous week and 209 a year ago.
| Regarding provisions, w. L. Greg
/ son of w. P. Anderson & Co, said:
LAS ususal after the turn of the year
eastern demand for live hogs made it
/ self felt on the western markets and
! enpha sized the scarcity Of marketable
swine in that section and along with
lit came a demand for cash product from
F.! the east and the south and proved the
assertion that stoeils of all kinds at
| southern and eastern points in the great
consuming districts We're very light.
Manufacturers were able TO advance
t prices on cash product to a premium
over the January basis and trade was
good at the advance. January product
manifested much more over-sold con-
dition tina nwas generally supposed to
exist. II is the season of the year FOR
active, broad provision markets, as the
world looks to Chicago and its terri
tory for future supplies. whether the
demand is moderate or otherwise and
contracts nal kinds Of product and
| offal from January to May hinge on
Chicago's mid winter hog supply"
Cattle.
| The cattle market was not active to-
day. Prices showed some signs Of
strength, but hardly enough to justify
calling the general market any higher
than that of Monday. There were no
choice steers offered this morning.
Butcher cattle and bulls were steady.
| AS evidence that the trade is not
| carded to get short supply OF TAT
steers this month the country sprung
| surprise Monday, shipping heavily
| of fat 1900 to 155O-pound steers. and
rather small quota Of light and handy
weights the total being estimated at
$1,000 early in the day but cut of
100 cars later made probable receipts
around 35, 900 in event that the roads
were to get the stuff here in time to
be counted as today's arrivals.
| Relatively small quota Of the handy
| weight and light steers in the run was
| good evidence OF the effect favorable
| cattle
feeding this winter. The biggest share
| of the western stuff showed plenty Of
quality and there were few OF the Kan
| sas. Nebra ska and western Iowa steers
which ged under 1850 pounds, and
most Of them were 400 to 1900 pound
kinds with plenty Of 1900 to 1900 pound
stuff showing up.
| Close to 40 per cent of the steer run
averaged above 1900 pounds and with
! this excessive crop at hand it was only
natural that the buyers chief bear
attacks was made in these classes. but
the situation today differed none from
last week. when the same kinds got the
| brunt Of declines.
| Three loads of prime western Iowa
Steers topped at $500 while others sold
at $685. a CTS and bulk Of the thick fat
Kansas steers averaging 1880 to 1850
pounds went al $3.50 s55 with few
lots higher Other Kansas went down
to s6.0O06 25. but not many had to 90
under $500 Bulk Of the good to
choice 1900 to 1900 beeves went at
ss0ode.5o. while some yearlings made
the latter price and choice 1220-pound
steers $3.50. Killers and shippers
bought the medium stuff averaging
1900 to 1900 pounds largely at $3.50
| $50 and a fair quota OF the 100 to
| 1200-pound warmedup steers went at
s535M5.75. tho feeders competed with
some activity in the trade for the light
steers at s5.0oI5.5o. Packers got few
poor feshed light steers below $500,
tho some went down to $4.50@4.85.
Sheep.
Sheep and lambs We're draggy and in
some istances the market is lower.
while in others It Is steady.
Holders of western sheep and lambs
on feed while they have had much
in the way OF ideal weather conditions
and abundance of cheap feed in their
favor, and nothing thus far in the ma
ture of attractive prices to lure them
riarketward, are, nevertheless. to be
commended for the conservative man
ner in which they have been market
ing their flocks Most of the fed west
ern sheep and lambs thus far sent i'll
to court killers favor have been OF
much merit as to fitness, and while
prices have been disappointingly low.
particularly On fat. heavy classes. the
rapid and cheap gains made have In
frequent cases left balance on the
right side Of the feeders ledger.
BY refusing to feed sluggish
market with lavish hand during
the last two weeks mutton f1nishers
conserved their own interests and
made possible material improvement
in trade conditions, but the liberal run
at the start this week is suggestive Of
a desire to liquidate that would prove
| injurious to values. Traders express
: confidence in a gradually broadening
demand, now that the holidays are
; over, and sellers are strong In the be-
lief that, with assistance of continued
moderate and conservative marketing.
they will be able to push prices to
; more satisfactory basis to feeders, al.
tho conditions are not ripe for rep
{ etition Of the sky-rocket market Of
t year ago. Stormy weather Of the past
: week was doubtless . factor In swell
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