Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-05-10
MARKET STEADY ON BEST SORTS,
10 CENTS LOWER ON OTHERS
At CLOSE.
HOGS OPEN STRONG
BUT LOSE ALL GAINS
Packers Bid s to 10 Cents Lower and
Early Advance is Entirely Lost
Sheep and Lamb Prices Advance 10
to IS Cents on Strong Market
Current Quotations.

Since last w edneSday prices In the
| local trade have risen largely 1o@15
cents, and 20 cents in some cases,
mainly for the fat handy-weight
steers, while the general market is Is
@c5 cents higher than low point two
weeks ago This advance has been
brought about mainly by reason OF
continued moderate marketings, but it
is an absolute necessity. the trade ar
CUES, that near future supplies be also
held to light volume if the advance is
to be maintained.
Exporters are buying moderately and
any little further upshoot in prices is
likely to check this demand since the
prices abroad, aitho working a little
higher recently, do not afford a wide
margin for the operators.
While the chief improvement in
prices since low point has been made
in good quality handy and light weight
stuff the plain and medium kinds have
also i.&d a fair, slice Of the advance,
but the latter would be first to suffer
were the country to again cut loose
literally. Corn planting activities nat
urally are keeping a good many cattle
off the market and the fact that grass
is good in many sections is another
salvation to the trade. This outlet for
the plain and immature stuff is a
fortunate one at this time since the
beef trade is not capable Of handling
it without effecting further prices cuts.
The beef now IS well worth the money
to killers Thee is no denial of this,
but still they appear to be getting all
they want. and since cattle are making
poorer beef weights than recently ow-
ing to big fills at market the tendency
is to conserve general buying rather
than stretch operations in any quar-
ter.
Hogs.
Hogs opened strong but closed weak,
with the early advance lost Bids by
packers were and 10 cents lower.
Combined receipts Of hogs at eleven
markets Tuesday totaled 19, 800, or 49,
900 more than a week ago, $1,000 more
than year ago and 1900 more than cor
responding Tuesday two years ago.
Chicago had 900 more than week ago
and $500 more than year ago. Kansa 8
City had 5000 more than week ago
and 5000 more than year ago. Omaha
had 1000 more than year ago. st. Louis
had 1000 more than week ago and $500
more than year ago. ST. Joseph had
5000 more than year ago. Total thus
far this week 10000. or II, 900 less than
same time last week, 10000 more than
like period last year and 5000 less than
corresponding two days two years ago.
Total for 1911 to date S,sS4.00o, or
2.024. 900 more than same period Of 1910
and $4,000 less than corresponding
time ii 1909.
Exports Of provisions continue Of
aE0
barrels Of pork, 11,7se,0o0 lbs Of lard
and 1902 boxes Of bacon found that
outlet, against 1890, 100000 and
1914, respectively a year ago.
It is possible that there will be a
packing profit between hogs and prod
uct in the near future and that always
makes a healthy condition.
One Of the leading manufacturers Of
packing house machinery who has just
returned from trip thru Texas and
the Mississippi valley states OF the
south, writes that the stocks Of cotton
seed oil in that section are very low
and will continue SO until October or
| November He attributes the low stock
to the heavy consumption that had
resulted from high prices OF lard and
because of the failure Of the olive
| crop in much OF Europe which caused
ausing vi of a good share OF the edible
oils. He claims that some ports in
Italy are ordering lard now for the
first time In eighteen months.
Sheep.
Sheep and lambs closed strong, the
prices showing an advance Of 10 and
Is cents.
Sheep.
After long season Of low prices for
fat sheep and lambs, the growers, now
having shorn most of their holdings,
are finding a very mean demand for
the WOOL Thus adversely has hit them
twice in the same place. Congress
tinkering with Schedule K" OF the tar
if, which affects. the duties on wool,
is in no SINAI measure responsible for
the present state Of Decentralization in
wool trade, and just when things will
improve is a matter of conjecture.
Probably there will be no material
betterment in wool conditions until af-
ter the extra session Of congress il
closed, and in event that the wool dut-
! les are seriously trimmed there appears
slim prospect for anything akin to
! decent prices prevailing in the wool
market for a long time ahead. Last
year many wool growers refused to sell
their wool at the prices obtadnable,
preferring to carry it over in anticipa-
ton Of better market, but observe
now what they are up against. They
have another clip on hand now and
owing to the tariff uncertainties the
wooden mills are buying sparing1y in
deed.
7 AS result many wool growers are
in an embarrassing position as regards
| finances, since the banks which lend
money on wool as collateral are treat
I ing the wool holders less literally than
| would be the case were market condi-
tons normal. Meanwhile congress- Is
doing nothing to bring about more
stable situation. The markets for sheep
and lambs are low and the product is
meeting slack demand from the con-
sumers. A condition Of distressingly
4 bad affairs confronts the growers, and
1 they will not thank congress for the
position in which they are placed ct
present.
/ Chicago Livestock.
Chicago. May 10.-C attle-Esti
ireceipts Tor today g 0o0o: srsrke!
= :,