Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-03-03
EARLY DECLINE or CENTS LAT.
Err INCREASED TO 10 cENTs
WITH MARKET SLOWER.
STEERS CELL MODERATELY
BUT PRICES ARE GOOD
Dull Tone to Butcher Stuff ohsrsd-
Sheep Rule Steady Turnout, With
Good Crop Of Wsthsrs Figuring at
$4.75-othsr Current Quotations For
the Day.


that the regulars showed any inclina-
ton to buy. and then only at declines
The extreme top was $7.15. and COM
paratively few made better 0An 81 IL.
while the bulk sold at $40, and pack
ers were able to put in their droves
at 81.
Perhaps the main bear factor Is the
heavy increase in provision stocks dur
ing March. This was the rule all over
the west. The local stock increased
from 1S,l26,559 to 95,9S1,556 pounds,
and is 100000 pounds more than a
YEAR ago. This demonstrate what has
been contended all along that the
weekly average weight of hogs as Of
ficially announced has been low. The
monthly average was 23O pounds, but
packers say this does not agree with
their figures. 1t is due to reweigh;ng
light hogs to shippers. OF course. this
is the period when stocks ought to
accun. alate. but packers assert that
they do not care to pile meats up at
current prices Of hogs with the GER
talnty Of heavy summer run Of high
dressing fat sows.
There were about $4,000 hogs at the
five principal western markets Thurs
day, against 10000 last week and a..
GOO a year ago. making a four-day run
at these points Of approximately 254,-
700. against 245.o00 last week and $685.
600 a year ago.
Next week is expected to afford a
test. Hogs have been held back since
MONDAY owing to the break. but the
reaction that invariably occurred on
such occasion earlier In the winter
mas not been IN evidence. Packers ap-
pear determined not TO follow ad-
Vances and to buy spar1ngly at all
times and 1t remains to be seen wheth-
er or not the country with accept the
new situation.
Cattle.
steers sold moderately well and
brought good prices but there was a
dull tone In the butcher stun.
supply Is light in the west, a feature
OF the whole week Locally. election
interest has been a factor in the de-
crease. but market action last week
mas curtailed the shipping impulse all
over the country. The five principal
markets had around $1,000 cattle
Thursday against 21.oOo last week and
10000 year ago. making q four day
run at these points Of Appropriately
100000 against 10000 last week and
10000 a year ago Light receipts this
week are not to be construed as mean
ing that the country is out Of cattle,
however, as the reverse 10 known 70
be the case. Both Illinois and Iowa
feed lots are still populous In q bovine
sense and every advance viii fetch in
a run.
Eastern beef trade continues bad
but the local market il taking its sea-
sonable quota Of that product, other
wise cattle trade would be in still worse
condition. Packers are running with
bare shelves. but refusing to buy a
single steer in excess Of day-to- day re-
Quirements
The advance this week has restored
practically all Of what was taken of
last week and the market seems to be
in a rut Big runs force depreciation;
light receipts repair the breaches IN
til Lent Is over this condition 10 ex-
pected to continue.
Something is radically wrong with
the beef market down east Locally
consumption is nominal. but in New
| York, Philadelphia and other Atlantic
seaboard cities the market 10 very mar
row. It Is a paralyzing condition SO
far as cattle trade is concerned. Steers
worth SO year are now realizing $s.75
per cwt with difficulty and even min
iature supplies fail to arouse interest
in buying circles. Hogs are 50 per
cwt lower than a year ago. and sheep
$500 4D4.o0 lower, consequently beef is
experiencing keen competition from
pork and mutton. both Of which were
in the luxury category at the same
time in 1910.
Sheep.
Sheep ruled steady with a good crop
Of wethers at 1915.