Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-02-11
PACKERS SUPPORT ABSENT Ex-
cEpr At DECLINES AND SHIP.
PING ORDERS SCARCE.
GENERAL MARKET 10 TO IS
LOWER, OUTSIDE TOP s7.s2la
Cattle Closed Steady, Finish Showing
Decided Gain in Price Over Last
Weeks Close, Bulk Of Steers Up IS
to IS, Butcher Stuff 10 to 2o-Shesp
and Lamb Market Improved.

clines ana shipping orders We're scarce.
While a top of $7.621s was paid for
prime lights. this was an outside fig
ure and only few loads sold at a bet
ter price than s1.55. Buyers big $40
q As for good butcher hogs ard Sc
cured them, tho some prime weighty
sorts Went as high as $3.50.
The fact that packers need more
hogs than the present marketward
movement is affording can not be con-
cealed. Supply in the west this week
aggregates but few thousand m ore
than the semi-famine run OF year ago.
In stockard vernacular the country Is
not coughing up as expected. The big
outfits had planned a 10@15c lower
market Thursday but bought so avid!y
ION a 5Q10c decline early that before
the close the decline had been effaced.
The big February run packers pre-
IGicted is not .naterializing and sus-
picior IS gaining ground that the hogs
necessary to make it are not in the
country. When muddy roads hamper
country shipping operations and farm
ers get busy with spring work some
thing is likely to happen. year ago
railroads were unable to move hogs.
owing to inclement weather, while now
nothing is accommodating at interior
points. The prospect is less beartsh
chan the trade has believed.
Seventy-one thousand hogs arrived at
eleven markets Friday. being $4,000
more than week ago and 1o.4oo more
than year ago. Chicago alone re-
ceived 5000 more than a week ago and
5000 more than a year ago. Kansas
CITY reported 1900 more than a week
ago and 1000 more than a year ago.
St. Louis had 1000 less than week
ago and the same number as year ago.
Omaha received 200 moro than week
ago and $500 less than a year ago.
Buffalo was credited with 1000 less
than a week ago and 1000 more than
year ago.
Combined receipts at eleven points
first Ave days Of this week $4,000. or
1900 more than a week ago and $4,000
more than year ago.
Cattle.
Cattle closed nominally steady. The
finish shows a decided gain In price
over last weeks close, the bulk OF
steers showing gains OF 1925 cents.
Butcher stuff advanced 1920 centA
The market eased off a little toward
the close because Of fair supply in
scalpers' hands.
Market closes the week with all Of
last weeks decline regained and in
some instances more. too. It Is . ESQ
35 cent higher market now than a
week ago for good share OF the fat.
handy weight and also 1900 to 1880
pound steers OF value running up to
IS 80, altho the higher costing stun In
recent days has not shown much more
than Is cents gain. On the other hand.
medium and plain warmed-up and
light grades are showing largely %
cents advance for the week, and the
killers have OF late got a COM
paratively short crop Of really decent
killers much below 1915. in contrast to
the big supply OF s5.75@6.o0 stuff last
week. which was good In flesh and in
cluded liberal quota OF 1900 to 1.450
pound stuff
Prices being lifted off the seasons
bottom levels. the country has its own
good Judgment to thank for the price
difference, but it would be a most I'M
wise policy to pursue in cutting loose
with another heavy run next Monday
as a result of this weeks advance. Still
there is general apprehension that q
prices will be punished accordingly. A
year ago next Monday the run was
1886, which proved the largest re-
ceipts for any day in February last
year. Conditions then were different
than now. however. in the fact that
there wa. a general shortage in sup
plies, whereas the present supply stu
alton develops a case where more An
fNr CHI ep%
than the beef demand can handle at
current rates.
This weeks light run was solely due
to the price punishment sellers got last
week, and if the trade gets another big
dose of supplies next week it will be
plainly the effect Of bettered condi-
lions now At least another week of
moderate supplies will be required be-
fore condition in beef trade can really
be in shape to handle liberal cattle
runs without a backsliding Of prices.
The country in being well equipped to
hold stuff. having a world OF rough
feed and all the cheap corn needed, il
surely in a position to keep the runs
down and await better general condi-
tons. However, the desire to grasp
profits where the market displays abil-
ity to afford it Is strong among SeeS
ers now. but their greediness to take
advantage Of every little betterment
IN the situation only delays the coming
of a permanently sound status Of the
trade.
Shippers. having bought half the
weeks receipts. uncovered a demand
down east which was shown to be rel
atively better than in local quarters,
but this may be due in large meas
ure to the fact that killers have had
their chill-rooms well loaded with beef.
and were thus in a position to go q lit
] tie slow in the buying and hold the
| market from making even greater
price ascensions. The week ahead will
tell story of either the feeder1 abil-
ity to look upon an improved situa-
ton content to let It get better. OF
! elsa .oal,e rush to unload without
regard to the inevitable price depres-
sion which must follow.
| Packers have fought the advance Il
the best Of their ability all along thu
line and the fact that they have held
the lid down on htgh-Quality kinda
with better SUCCESS than in the tradl
for medium anA WAx1no4eao 0eu9 4