Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-07
ACTIVITY OF LATE MARKET WAR.
RANTED HIGHER PRICES AT
CLOSE.
PACKERS COME IN At
PRICES ON TUESDAY LEVELS
Best Sell at Mondays Prices, With
Top at $6.3o-sheep Steady But
Lambs Inclined to Sell Lowe-cur-
rent Quotations in Chicago and Other
Livestock Centers.

reached $500. Before the close pack
ers came in at prices that looked about
steady with the average yesterday.
There appears reasonably healthy
demand for hogs. Also the early June
run is not coming up to the predictions
made for it. The country is merchan-
dising the summer crop with good
judgment, thereby putting a check on
the avaricious designs of certain pack
ers who stated some weeks ago that
market would better suit them on q IS
$3.50 basis than above &c. Just now
little is going below S. and there is
fair prospect of the current prices be-
ing maintained as long as the country
continues to show the same good judy
ment in shipping moderately.
Nothing in the demand, either on
packer or shipper account, indicates
a furry among the buyers to fill their
needs, but there is an undertone OF
general stability to the trade which
many had not looked for and which
comes, therefore, as an agreeable sur
prise. Continuance Of this situation
rests with the producer alone.
Combined receipts Of hogs at eleven
markets Tuesday totaled $4,000. or 49,
than year ago and $500 less than cor
responding Tuesday two years ago.
Chicago received 5000 less than week
ago and 1000 more than year ago,
Kansas City had 5000 less than week
go and 5000 more than year ago. ON
aha had 900 less than week ago and
4,60O more than year ago. ST. Louis
had 1000 less than week ago and 5000
more than year ago. st. Joseph had A.
400 less than week ago. Total thus Tar
this week 900 or $4,000 less than
same time last week, $4,000 more than
like period last year and $4,000 less
than corresponding two days two years
ago. Total for 1911 to date 10,733.0oO
or ., 1862 900 more than same period 1910
and 466, 900 less than corresponding
time 1909.
Cattle.
Cattle were generally steady. There
was a big percentage of steers and
most Of them We're Of good quality.
Early transactions were chiefly In
| butcher stock Good steers sold at
Mondays prices, the bulk being sold at
$3.50 and S61O. Primes were quoted
at s5.9O@6.30.
Hardest work was experienced in
cashing 900 to ITO Id steers Of common
to medium grade, which went at 1925
G5.70 These kinds had very little re-
liable demand. The Texas cattle which
the killers are getting al other markets
within a spread Of s4.79D5.25 are kill
ing out quite a good and they are the
chief competitors against medium and
plain grade natives. as well as the stuff
which has had little corn. That the
market for these latter is in a sick
condition needs no general acclaim. 1t
has been bad for some time past and
is getting worse.
AS the more Of this stuff comes for
ward from native pastures and to COM
pete with the southwestern cattle the
trade can only look forward to probable
| continued mean conditions, and there
is no certainty that killers will not
force still lower prices for the mediocre
| sorts of native steers. Prices spread
| between these and the good to choice
| dry lot steers is aleardy widening. 1t
! has broadened about 25c in the last
| week and things are tending further
| that way, altho the extent Of probable
decline for medium and lower-priced
grades and up turn for choice to prime
kinds will naturally depend upon the
extent of the supplies of these classes.
The higher quality kinds are getting
| scarcer This was evidenced in the
Monday supply, and the opinion pre-
walls that they will be relatively short
among receipts in the next few weeks
since the country having become dis
couraged over prospects some weeks
/ ago, shipped them freely and for
long time they have been selling close
to the same basis paid for cattle which
normally sell s1.00@1.50 cheaper than
highly finished kinds.
This was true a year ago, when
| prime steers were landing at 1886 a
SIS and s725@s00 bought good to
choice, while lot of plain and medi-
ums went at s6.00@7.00, with common
| down to 1855. The trade is not antici-
pating a widening spread Of values to
| finally reach the broad range at which
i cattle sold last summer, altho it is more
or less reasonable to assume that the
spread a month from now will be much
wider than at present, since all signs
point to moderately liberal supplies Of
the grassy and warmed up natives as
| we'll as a generous run Of Texas stuff
! but on the other hand the country does
not appear to hold any very big sup
plies of long fed stuff, and with the
stillers moving freely now, they should
be pretty well out Of the way few
weeks hence. With the stopper crop
gone it will be a case Of killers de-
pending entirely on corn cattle for sup
ply choice beef demands.
Sheep.
| Sheep held steady but lambs were
inclined to sell lower. Near the close
some sales were made at 15 cents de-
cline.
| chieaoo L ivaakoek.