Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-07-12
MARKET FAIRLY STRONG WHEN
FRIDAYS RECEIPTS ARE
HELD TO NORMAL.
CATTLE TRADE SLOW;
PACKERS NOT ACTIVE
Lambs Slump At IS to 20 Cents on
Heavy Friday Run, Bringing Decline
UP to SO and rs Cents for Past Week
Review Of Market Conditions and
Quotations at Livestock csntsrs.


The top was 1855.
Kansas City and St. Joseph were the
only markets of the eleven leading ones
that showed any material decrease IN
hogs receipts yesterday, compared with
a year ago, while Chicago was credited
with tue largest increase. Total at all
points was $1,000, against holiday
week ago, or 1900 more than a year ago
and 10000 more than the correspond
ing Thursday two years ago. Chicago,
Omaha, ST. Louis, Sioux City and Pitts
burg were the only markets having
more hogs than a year ago and
two years ago. while Kansas City and
Buffalo were the only points showing
decrease compared with year ago and
two years ago. Total thus far this
week $4,000, or 10000 more than the
same number Of days, altho one OF
them was holiday. last week, $1,000
less than the same period last year and
$4,000 more than the corresponding
four days two years ago. Total for
1912 to date 14,40s, 900, or $4,000 more
than the same period 1911 and 4.o6o. 900
more than the corresponding time 1910.
Cattle.
Cattle were slow. Packers were not
active bidders.
Bulk Of the Ss00@s.5o cattle are
easily 1895 cents lower than last
week, and this decline has been forced
in each Of the three big days this week,
while some of the sS.15@S.25 cattle
were quoted down as much as 40Q50
cents from top levels such kinds made
here Wednesday Of last week. when the
scant ante holiday run sold at high
rates.
The lower priced light grassy steers
showed mostly a 25-cent cut from a
week ago. and they were hard to cash
on this basis. since few of the packer
buyers had need for any very liberal
crop OF them, while the few shipper
orders here were partial to good quail
ity steers out OF dry lots.
Yesterdays run of $500 was quite
moderate and ordinarily would not
have been expected to develop price
break, but 1t is evident on all sides
that the increased receipts this week
have been above beef trade needs by
reason of lessened consumptive de-
mands in consequence Of hot weather,
and packers are in a mood to lay up a
surplus stock Of beef only at lower
prices.
For the four days this week the Chi
cago run is 40,600, against 32,3SS In the
three business days Of the same period
last week and comparing with 56,S06 a
year ago, while Of this crop there have
been shipped 10000 cattle, an increase
Of only 1900 over week ago. Thus
the supply for local distribution has
been 1000 larger than week ago. and
it is the kinds getting chiefly packer
call which are showing the worst price
breaks
The trade is still firmly convinced
that the wide breaks in grassy and me-
dunn to pretty good short-fed steers.
as well as plain heavies. compared with
high point. will still remain In force
for some time to come. Cheaper pur-
chases of these classes should put the
killers in a way to cut wholesale beef
cost and induce some freer consump-
tive demand Buying the stuff on a
lower level now, the killers are in a po-
sition to grant some beef price conces-
sions for the medium and common beef
cuts, but the higher cost OF the strictly
choice to prime grades is a bar to price
cutting there, and shortage OF the lat
ter classes Of steers in general receipts
certainly gives sellers no reason to look
for breaks ahead.
The decline for cattle below $500
this week, however. should have some
influence in cutting down receipts at
the start next week. tho the trade is
looking for a moderate general crop.
Sheep.
Lambs slumped Csc and 4oc on a
heavy Friday run Of $4,000 head. This
makes a soc and 75c decline from high
tide this week.