Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-05-13
'1OPPY STEERS TOUCH
new HIGH POINT
SELL At $500, HIGHEST PRICE ON
CHICAGO MARKET THIS
YEAR.
BUTCHER STOCK GENERALLY
1910 Is CENTS HIGHER
Hogs Weak to Cents Lower on
Heavy Monday Run-Shsep and
Lamb Prices uneven-Rsview Of
Market Conditions and Current
Prices at Livestock centsrs.

At S3.Zb the nlSheSt price pal0 on the
local market this year. Butcher stock
sold generally l. TO % cents higher.
The very usual situation of terrific
deoline was shown in steer trade the
past week. Such turn in affairs in
variably follows skyrocket market of
the kind had in recent weeks Time
was oprorune to hit the prices an
awful jolt. ard il has been done. as
was consistently noted IN these col
unns from the very start of the de-
cliring period ten days ago. Initial
trade last week on an overgrown run
went down lCN25 cents under nigh
point few days previous and there
was no way in which the "fll'' could
be figured as offsetting the decline.
The Monday trade was followed by a
very weak Tuesday deal with some
fresh cuts. ard Wednesday the market
simply went to pieces, figuratively
speaking.
Decline of in1 - cents was shown
that CAY conlpa red with Monday and
hulk Of the crop was hit 15M25 cents
under Monday. There were lot OF
saes of medium and plain steers 40I
so cents lower thar high time, and in
some rases en oerts decline was shown.
Sui scquent trading in the plain and
medium grades has been at even
worse break and the closing market
this week is OF basis 35I 81 cents
lower for the big end of the crop as
measured with week ago, ard as
much as - cents lower than high point
tel days ago. The extreme breaks are
noted for some OF the s,.00a 20
steers while up in the $500 n SO
kinds the decline measures only about
2aG35 cents ard the $500 rs steers
are 35M - cents lower than top levels
ten days ago. Plain and common light
steers. on the other hand are 35 q 40
certs lower.
some reaction from the badly de-
pressed values The beef trade, attic
in mean shape. is still in position to
need some fairly liberal receipts and
there 8 some firmly grounded opinion
to the effect that the past two weeks
generous supplies can not be repeated
in the next week and that following.
Corn pla.7t.E. VIII engage the atten-
ton OF the feeders and probably good
share Of The recent cver-supply as
me2 su-eG against few weeks ago has
been due to the fact that feeders had
an excellent caance to cash in at top
point ard save some of the short
stocks of hieh-priced old corn.
Receipts last week s;ard So, 100,
against 5s..lS the previous week and
1871 AR ago. Thus Chicago has
had 1880 catt,e in the last two weeks.
an increase of 15.5ho, compared with
tie total crop in the TWO weeks pre-
ceding when market vas doing SOM"
tall price climbing. Six markets had
10000 last week, against 125,90o the
previous week and 400 q GEAR ago.
the shorter volume Of supplies coming
entirely in the west. where fat beeves
have long been running shy.
The crop this week should fail down
several thousand head from last week
# present prospects can be relied upon
as barometer of conditions and sure
~ the hard pounding of values recently
should have the effect of cutting off
supplies from a lot of feed yards whose
owners have a heap CT confidence liz
the ability OF the market 10 come
back" once demand and supply con-
diuons again readjust themselves.
Hogs.
Hogs were weak to cents lower.
Receipts Of hogs at Chicago stock
yards last week totaled only 10000,
the second smallest run thus far this
year. or 6i.5c0 less than the previous
week, 1000 less than the same week a
year ago and 1890 more than the
corresponding week two years ago.
Estimated average weight of hogs at
Chicago for the week was 226 pounds,
the lightest SINCE January, or two
pounds lighter than the preceding
week, thirteen pounds lighter than the
same week year ago and eleven
pounds lighter than the corresponding
week two years ago.
, Top hGgs last week at S1.95 stood
the lowest since March, and were
cents lower than the previous week
s1.55 higher than the same week last
year and $3.50 lower than the cores
bonding week two years ago Avera &c
price for the week was the same as the
previous week at 1853 and was sl.6s
higher than the corresponding week
last year and s1.s9 lower than the same
week in 1910.
Eleven markets were credited with q
combined total Of 397 900 for the pres
ent week, the lightest supply since the
first week of April and $4,000 smaller
than the preceding week, $4,000 small
er than the same week year ago and
10000 more than the corresponding
week two years ago. Total for 1912 tc
date 10.167.O00. or 1855. 900 more thar
the same period in 1911 and $4,000
more than the corresponding time If
1910.
Sheep.
Sheep and lambs prices were uneven
| Chicago Livestock.