Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-03-30
CATTLE PRICES PICK UP AND
PACKERS ARE FORCED TO PAY
ADVANCE FOR STEERS.
HOGS WEAK AND SLOW, 500
BEING DAYS MAXIMUM
Prices Generally S Cents Undsr Yes.
tsrday's Prices. and in Same Cases
Decline 10 Of Is Cents - Prime
Lambs Advance 10 Cents = Sheep
Weaker.

gains after the first hour despite yes
terdays predictions of weak market
today. Packers were 1.-The principal
buyers and paid strong to 10 cents
higher prices for steers. A number
Of good quality steers offered were
taken at Increased figures. One lot of
weighty animals sold at $500. Others
sold from 500 down. A liberal per-
centase of all steers on the market
sold at So or better.
Two weeks ago when steer prices
were hard hit there was suspicion that
the market had struck low point. but
in the initial session last week sun
lower figures prevailed. Since then.
however, advances have been general
and bulk OF business in the Monday
market showed 25a35 cents gain over
low point the week before. while there
were instances of greater advance.
Higher prices have been brought about
by light receipts coupled with stronger
general demand. Exporters last week
bouga. more cattle than in months
past, and also executed liberal orders
Tuesday. Shipping demand was also
of broad volume in the Mondays mar
ket, giving some assurance OF an i'm
proved situation in beef trade as COM
pared with recent badly depressed con-
diiions in that end Of the market.
Higher prices are established with
some degree Of permanency in the gen.
eral belief Of the traders. The i'm
preston prevails now that it will re-
quire only moderate narkettnss to sus-
tain values. and that the country. hav-
ing come thru very bearish period in
the trade. will now begin to better
regulate marketings to meet the de-
ming a little shy of big volume shown
shortage talk in the trade. altho actual
shortage Is not a probability within the
next two months.
Hogs.
Hogs were weak and slow and broke
about 5 cents from yesterdays close
or 500 cents below general packers
average for that season. In some cases
25 cents were taken of. There were
no hogs reported above 81.
Pork packers are not much worried
over hog supply prospects. That the
spring crop IL going to be liberal there
appears reasonable assurance. In many
sections there are still generous sup
plies Of matured hogs. according to
trade scouts who have gone over the
field. Especially true is this In parts Of
northern Iowa and in South Dakota.
while those who have gone into Wis
consin bring back the same reports Of
liberal supplies to be moved within the
next few weeks.
Strong weights will naturally come
first. since these are matured, and
holding them Is not as good business
policy as in keeping the light grades.
Recent Monday supplies have been
heavy. good indication that the country
is capable OF getting together some big
runs, altho packers pounding Of mar
kets that day has put a check on gener-
Gus shipments for later days OF the
week Market has gone down almost
steadily in the last days. however. un-
der stress Of liberal supplies, and the
trade looks for continuance Of at least
moderately heavy crop.
March run at Chicago TO date stands
close to e20000 which compares with
$4,000 year ago. Big increase in
average weight Of marketings this
month as compared with week ago
has meant a tremendous increase In
pork supply. Factor in affordlng SELL
ers' withstanding packer bear raids as
we'll as they have has been the good
demand for fresh pork. but that subse-
quent supplies will be full able to sat-
:s1y future demands there seems no
room for doubt
Sheep.
A few prime lambs sold at advances
Of 10 cents, one lot OF wool lambs
bringing 1855. Sheep were weak and
hardly up to price levels Of the prev
ioue session.
Chicago Livestock.