Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-03-21
MARKET OPENS 80 CENTS HIGHER
THAN WEDNESDAYS CLOSING
PRICES.
CURTAlLMENT OF RUN
MAKES BIDDERS ANXIOUS
Packers Join in Efforts to Secure Of.
ferinns at Advanee-Seareity Of
Feeder Cattle to Make Late Crop
searee-strensth in Sheep and Lamb
Division.

| Chicago, March 21-The skyrocket
| tendency of the hog market continued
today. and there was an upshoot Of 81
! cents at the opening. Packer:
conceded the advance, which was made
possible by the scarcity Of arrivals
/ only $4,000 head getting thru the snow
! blockade.
! The market eased off somewhat a,
the finish, but not until all offerings
! had been disposed of at advances OF
Is TO 80 cents. A reported top Of $7.75
was generally credited.
With the possible exception Of St.
Joseph there was a noticeable decrease
| in the receipts of hogs at other mar
kets Wednesday, The combined re-
| ceipts al eleven markets total 81 800. a
decrease of $500 compared with week
ago. $500 more than the same day a
year ago and an increase of $500 over
the corresponding day two years ago.
For three days this week the total
from the same period last week 5000
more than the same time a year ago
and a gain of $4,000 over the CORE
date at eleven markets aggregates
the same period last year and gain Of
2.34S,000 over the corresponding time
1910
Cattle.
Cattle run was small and market held
steady
A famine situation IS confronting the
summer cattle feeders. They are going
to have short picking in the feeder
period, and all hope of lower trend OF
prices was abandoned some time ago
This week choice grade 992 to 1040
Ii feeding steers have sold up to $3.50.
the highest open market price on record
in Chicago. and only exceeded in feeder
purchases of international show carlot
exhibits of feeder stuff. There has been
big number of sales at s6.00d $40.
and choice 6S5-lb yearling feeders
landed up to the latter price.
These are practically fat cattle val
ues. and in fact they are higher than
average prices for fat cattle in some
recent years. Cause for the high feed
err market is plainly shown by the
scarcity of the feeder stuff both in the
range country and in cornbelt states.
For several years past so lnslstent
has heeN the consumer OcHlduu lOI lllS
cheaper cuts OF beef that killers have
been forced into keen competition
against cornbelt feeders in the markets
for the light and young steers OF COM
mon and decent killing quality
Tens of thousands Of these grades
which should have gone back to the
country to be fattended into heavy
beeves have found prematures slaugh-
ter
The result is a dwindling supply. OF
Young stock in the country. and the
situation facing feeders is more acute
now than in years past.
With a prospect CT a good grass
sea son there is a short amount of cattle
to go into pastures. All the western
states are reporting shortages in the
Young steer crop and the cornbelt mas
been shy Of them for months past.
There is a scant quota of thin stock
steers selling now below s5.25. and as
the season advances and demand for
these grades naturally broadens there
will be even smaller crop in proper
tion TO demands and higher prices seem
inevitable
Sheep.
Strength was maintained for sheep
and lambs.