Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-10-27
PACKERS TEND TO BE REARISH
AND REFUSE TO PAY SHIP
PER'S PRICES.
NOT INCLINED TO BID
MORE THAN STEADY
Everything Barring Class Of Steers
Eligible to Show Yards Decidedly
Low-commission Buyers Hard Hit
BY Recens Siump-sheep Steady But
Lambs 10 to IS Cents Lower.


strong on sales to scalpers and ship
pers, but packers were bearish and
were not inclined TO bid more than
steady
For the first time this week receipts
Of hogs at eleven markets made 4
smaller combined total Thursday than
week ago, ard today's run was $500
or $500 less than week ago. but 20
500 more than a year ago and 1880
more than the corresponding Thursday
two years ago. Chicago received 5000
less than week $50 and 1000 more
than a year ago. Kansas City had loco
more than week ago and $500 more
than a year ago. Omaha had 400 less
than week ago. ST. Louis had $500
more than a Week ago and $500 more
than a year ago. ST. Joseph had l.4oo
more than 4 year ago. All the eastern
markets had as many or more than
year go. Total thus far this week.
S9S,0oo. or $1,000 more than the same
time last week, 1oS,00 more than like
period last year and 104 900 more than
the CORES pondins Thursday TWO years
ago. Total for 1911 10 Gate, la.5S5.00o.
or =,5.3.0o0 more than the same period
1919 ana l,3s1.ooO more than the cor
responding time 1909.
Cattle.
Cattle were steady at the recent
sharp decline.
From & price standpoint everything
barring the kind OF steers which are
eligible for show yard. is decidedly low.
Just how much lower than last week
the grass-fed stuff sells is question
on which TO two traders agree. All
say that kind are al least $50 40 cents
lower than a week ago and 50Is0 cents
lower than best !eve! Of last week This
condition Of affairs exists in the trade
for everything selling al s;.59G 500 and
even up TO $3.50, while for the kinds
eligible 70 s7.00M 125 now the market
is a least 15g25 cents lower than last
Monday ard % a 80 cents lower than q
week ago. while il is accent lower
deal than Wednesday OF last week.
Even The $3.50 steers are that much
lower, but for the s1.S5 q s.25 stuff Is
a 90 cent decline from extreme high
point IS the limit. and the kinds worth
$3.50 and higher are nominally steady,
but so few Of them are coming these
DAYS that such kinds ara strictly in the
specially lire. and the price situation.
as measured Up with good time recent
", is therefore no criterion.
Cattle have sold at s5.0oMs. this
week which cost so cent more in the
country. and q good many steers of
like value and costing like prices at
Ioacing stations have had no BIDS
Ever a lot Of the s6.5Csd 80 stuff
which was bought on contract has gone
under country cost. and wher the stu
alton sinks u this deplorable condition
IL such . short space OF time as eigh.
or ,.ir.e days. it IS q period when the
country must sit up ard take notice of
things if further severe losses are TO be
ave.ted in cattle handling.
The killers SIT back sererely, feeling
thar everything they buy now
viii ne turned into good profit, and
why shouldn't they. since the eef mar
l.et is 10. following in the wake Of
price recessions for stuff on the hoof?
!; is not the killers fault, however,
that the cattle market is oversupplied
but rather The fault Of hundreds Of
feeders and farmers who were too keen
TO cash steers off pasturage and at
tine when the big cleanup from the
range states MT market,
II four days this week Chicago had
$1,000 cattle, an Increase Of l4,700 over
q week ago and 5000 more than year
ago. while outward movement has been
only 400 larger than last week. This
LETT q big surplus Of native for the kill
ers, and in competition with westerns
me stuff iron. nearby territory has
played into packers hands at bargain
counter prices.
At the six markets there have beer
23i.0eO cattle in foar days, against 225.-
200 week ago ard $4,000 e year ego,
nu- Tl.iie the run at western markets
has 20: aeen much lager than a week
3gJ, ne fact that ii has been big for
several weeks past has only added de-
preston 10 a situation il trade fer
steers below choice grade which has
been gradually weakening. ard this
week simply Eel! to pieces.
There is need for coaser valion of the
g rass-fed steer crop in the country. Il
is Eo1 wanted at market, but will be
later on this year. and the prudent
feeGer who has a crop Of roughage to
throw to his cattle would seem to be
doing wise thing. traders say, TO keep
away from market, and particularly in
the next ten days.
Sheep.
Sheep were steady but lambs were
c, IN