Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-08

> cents, put il was not q general mar
aet. The top was s6S7la
In trade circles the belief is growing
! that hog producers are marketing too
many of the porc.ne species premature
~ Dry-wea:her pigs are coming in
abundance into the western markets
and Chicago is also getting a consider
/ able number of that kind. Poorer quail
! ity is featuring the western runs and it
is significant of Equdating fever in
/ the west which can only spell shorter
runs for September and later months
! this year than would be the case We're
the crop situation more favorable to
big-yield prospect.
\ lot of old corn appears to be held
tightly by the farmers who are in d
quandary over the present crop out
look and not willing to feed il freely
until there is a better outlook for the
stuff now in the fields. Weather is
playing a big part in the present stu
alton. Were the conditions more ia
vorab!e for the growing crops there
would be fewer plain and light hogs
shipped. 1t appears a case where the
farmer is becoming a little too scary
over the future and is selling too many
hogs which should be fed. and doubt
less would be were the feed available
az cheaper cost.
Combined receipts at eleven markets
Friday We're 1880. being $500 moro
than a week ago. 800 more than
year ago and 1850 more than CORES
pending Friday two years ago, Chica-
COS run was same as week and
year ago. Kansas City reported 1000
more than week ago and 5000 more
than a year ago. Omaha had $500
more than a week ago and 800 more
than a year ago. st. Louis reported
1000 more than a week ago and 800
more than a year ago. Receipts at
eleven points thus far this week 314.-
900. Or $4,000 less than week ago
and I45, 900 more than year ago. Chi
ca Cos total thus far this week de-
creased $500 compared with week
ago and increased 2e,6oo compared with
same period year ago
Cattle.
The cattle market was steady. The
market was nominal Saturday one
Competition from Texas and other
southwestern and western stuff at river
markets has been the price breaking
factor in plain steer trade here. Kansas
City has had a flood Of cheap stuff off
u
from Kansas and considerable from
Texas and Oklahoma, where the feed
situation is reported to be worst III
years All these, selling at low prices.
have afforded packers a big lot Of
cheap-priced beef. and the natural re-
sult has been a weaker demand for i'm
mature grades on the local market.
Rains had in the middle west have not
extended south and southwest, and
pastures are in such shape that forced
liquidation IS bound TO prevail for some
time
This augers bad things for the lower
priced natives here in the near future
and the trade is urging cattlemen Y.
Chicago territory who are in position
to keep stuff in pasture to hold onto
il rather than cut it loose in compe-
tition with western and southwestern
stuff which. by force Of feed scarcity.
must come to market. The low-priced
grades are now down to levels close
10 bottom for the session in contrast
10 best prices In some months for prime
cora-fed beeves. 1t is thus the widest
spread in values FOR long time. but as
was pointed out awhile back, the spread
* likely to widen still further at both
ends, tho the ability to land prime
steers much above 500 in the near fu.
sure will depend, Of course. upon the
urgency Of demand in fancy beer trade.
This week top steers sold at sos.
highest since March, and a lot Of $50
q SIS business has been done. while
a few loads, including yearlings. went
a. Sc 90 Cattle a $3.50 and higher haV.
sustained Mondays price gains and are
still 15M25 cents higher than week
ago. but there has been a little weaker
zone in trade for the s6.00@6.40 steers
since Wednesday, and these have gone
largely at 10 cents decline from high
point, but still show mostly 10915
cents advance over a week ago.
The trade is not worrying over pros
pect OF lower prices for the good to
choice steers That kind are running in
shorter volume now than in month.
past and the impression prevails in
selling circles that they will be COM
paratively scarce for weeks ahead
Stiller crop is working to shorter vol
ume and the east Is well out Of finish
ed corn-fed beeves. Kansas and Ne
braska have also been pretty well comb
ID OF best kinds and it is largely an Il
linois, Iowa and Missouri source of
supply for that class. Shippers are
buying the high quality grades freely
and there has also been some fair ex-
port demand FOR the s625 $50 sorts
this week, while packers are exhibiting
need for moderate quota too. Thus
the supply and demand situation at
recting finished beeves balances well.
Receipts this week stand $4,000 in
FIVE business days. Tuesday having
been q holiday, and compare with ST.
403 in five business days week ago
and 39,101 in four business days a
year ago, but indicati tive of the flood of
thin stuff at western points Is the larg
er six markets total this week. Supply
at six points totals $4,000 for four
business days, against $4,000 in five
days a week ago and 100000 year ago
The demand has not called for tina,
amount and the only solution of the
Cutting runs west is the wretched feed
and pasture situation. It is evident
that old corn owners are not willing to
feed 1t literally as long as the pres
ent crop remains an uncertainty.
A year ago this week $3.50 was PAID
| for prime steers and a good-sized cror
| of fat bullocks made $7.50@7.90. while
! the common to good graSsers sold a,