Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-06-01
AFTER SELLING UP 5 TO 10 CENTS
MARKET. LOSES MOST
OF GAIN.
PRICES EASE OFF OWING
TO MODERATE DEMAND
Made That High Levels Have Not
Vet Been Attained-consumers Must
Expect Stiff Retail Prices - Sheep
and Lambs NominaIly Steady.

Chicago, June Hogs opened 5@1O
closed with most Of the advance lost.
There were about $4,000 hogs on sale
Friday. including a hold-over of 5000
from Thursday. Almost 10000 were
purchased, the hold-over for today be-
ing placed at 1850. This was an ex-
! cellent clearance.
Fresh arrivals totaled $1,000, which
was about as anticipated. The total five
days this week was 1902. as against
i31, 305 the first five days last week.
123.352 the same time a year ago and
10l,432 the corresponding period two
/ years ago.
Combined receipts of hogs at eleven
markets Friday were $4,000, or prac-
tically the same as a week g Is, 700
less than a year ago and $500 less than
the corresponding Friday two years
ago. St. Joseph and Sioux City were
the only markets showing much de-
crease compared with a week ago and
Buffalo and Pittsburgh showed fairly
large increases. Indianapolis was the
largest loser when compared with a
year ago. Total the first five days this
week $4,000. or $4,000 more than the
same period last week. $4,000 less than
same period q year ago and 100000
more than the corresponding time two
years ago. Total for 1912 to date H.
$4,000, or /, $4,000 more than the
same period 1911 and s.5S4.0oo more
than the corresponding time 1910.
Cattle.
Cattle were steady.
1910 -~~l
grades the trade is quoting generally a
20d25 cents drop from the close last
week. and these are down 30@40 cents
in most cases. compared with the h1sh
spot ten days ago. Too. there are some
of the S7.2517.75 steers which SHOW 80
cents depreciation in value as meas
ured against the levels they landed at
here Wednesday OF last week, when
demand for them was brisk all around.
These are the kinds which show some
evidence of having been on grass, and
since all the buyers have had a test
in the killing of such stuff and found
it unsatisfactory they are laying
around with big clubs in their hands.
awaiting another chance to hammer
the values of these classes.
Whether it will come next week or
not depends upon the size of receipts,
The trade is pulling for a light run,
feeling that with beef market condi-
tions in the present bad shape only
light receipts will be needed. The
public will simply have to become ed
ucated to the high cost Of the beef. and
until that process of education is gone
.hru with. there is likely to be de-
creased consumption, which can only
effect a shorter demand for all grades
Of steers than has been noted in recent
weeks when the market was doing
awaiting stunts which a~stounded even
the most sanguine expectancy OF a lot
of bullishly inclined folk.
Still the top prices have not yet
reached the goal set for them by some
of the trades. and the belief is grow
ing now that it will require some con-
siderably smaller receipts Of choice to
prime stuff to materialize the predic-
tons of still higher prices for top
/ grades. The consumer is sitting tight
upon the safety valve ~endeavorins to
keen beef cost within due bounds. Only
recourse of the consumer in this case
Is to cu;: eating as much beef as usual,
and this is the situation just as
apply to the eastern conditions as well
as locally.
The lower grade and medium steers
are running into a snag. There is COM
petition springing up for these in shape
Of the Texas cake-fed steers as we'll as
grassers from that quarter, while the
good corn belt grass is also turning
off an early season run Of grassy ma
tives which likewise has the effect Of
trimming down prices. and this price
cutting process is not expected to cease
until there is a much wider spread in
values for the plain and medium steers
as against the strictly good kinds.
The shrinkly condition of much OF
the steer crop is a source Of deep con-
Germ to the killers. Big fills which cat
tie are taking runs beef cost up ter
rifically, inasmuch as the prices are on
such a lofty basis and that there will
be a constant effort on killers part to
cheaper the prices for plain n me-
dunn 1000 to 1850 pound steers, as
well as the half finished y~earlings, is a
Well-grounded opinion mt sellers.
who are urging their country patrons
to operate accordingly. and be On their
guard in buying stuff out Of pasture.
The good-weight corn-feds are eX-
pected to hold their own as best they
can, depending entirely upon the eN-
tent OF supplies, but as applying to
these classes the runs are showing a
little large volume of late than was ex-
pected to be the ease a few days ago.
Six markets had $4,000 cattle in five
days this week. against 103, 900 a week
ago and $4,000 a yea ago, while the
run at six points in May stands .ap-
proxinately 5000, against 500, 800 in
May, 1911, while unofficial Chicago run
for May stands 10000. against 245;7ss
last May. For the year to. date Chi
cago has had 1.143,400 cattle. against
1,147,692 a year ago. and the six mar
kets' combined receipts for the first
five months of 1912 stand 2,712.00
comparing with $4,000 in the same
period of 1911.
Sheep.
Sheep and lambs held nominaily
steady.
Chicago livsstsek.
Chicago, June Observation-Disclosures
receipts for today. 200; market opened
steady.
Reeves 90 ID @ .20