Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-01-05

Chicago. Jan. 5.-Hogs were gener.
ally cents higher, tho tops showed a
greater gain. Extreme top was 500 fol
prime heavies. 49,.
Eleven markets were credited with
114,s00 hogs Thursday. or 1850 more
than week ago. $4,000 more than a
year ago and $4,000 more than the cor
responding Thursday two years ago
! Only three markets had fewer hog.
than a week ago. while Chicago was
the only one having smaller supply
! than a year ago. Total supply thus far
this week 100000. or 10000 more than
the same time last week. 10000 more
than the like period a year ago and
$4,000 more than the corresponding
four days two years. ago.
Cattle.
Cattle were steady to strong. Heavy
steers were 10@15 cents higher than
last week. 49,
Even the light steers Of plain grade
are at least steady to firm with a week
ago. these having lost since Monday
only part Of the price strength they
showed that day. and. as one buyer re-
marked for the kind Of beef we get
cut of them they're bringing big
price," which statement the sellers
are not prepared to DISPUTE. since a
lot of the stuff going around Sc and
little lower is OF grade which really
ought to be taken back to the country
and be fed for fat beef trade later in
1912.
Still the aggressive general demand
for cheap beef and relatively short
supplies Of the stock compel the pack
err buyers to go into the trade for the
cheaper quality light steers and put up
keen competition against the feeder
men. All Of which runs the first cost
of feeding stock up to higher basis
, when the cost Of corn is taken into
consideration. 1t is merely a conttnu-
ance of conditions shown in the last
| months of 1911 and the effect is being
reflected in shortage Of feeding steers
now on feed over the whole corn belt.
Ultimate effect. the traders say. will
be another high spot for finished
steers late this year such as was shown
in the last months Of last year.
For four days this week the run is
1
against 4O.5s3 in three business days
last week. and 57,o53 in four days a
year ago. while Of the crop thus far
! this week shippers have taken 10000
against 13.421 a week ago and 21,S9s
( a year ago. In the west the new year
! is starting we'll from a marketing
standpoint. conservatism in shipping
F! being the watchword all around. Six
markets four-day total this week is
1877 ,ooo. against $4,000 in three business
days a week ago and $4,000 a year
ago. ~
| inherent markets of last Novem-
! Der and December induced the owners
| of prime stuff to let go Of It. This was
a natural situation. since scarcity OF
| months previous and a keen demand
for fancy beef effected a high price
situation.
! Now things are changed. The fancy
! winter demand for high-quality beeves
has been we'll appeased. It is a new
order of things in the quality, line.
Comparatively few steers are selling
1 above $50. and it takes right choice
kind to land at So.
AS the season progresses the I'm
precision prevails in the trade that
even a greater percentage of short-fed
and warmed-up steers will feature
daily marketings High corn cost will
induce the cattle owners to ship out
steers Of decent beef grade and put in
thin stuff to consume rough feed.
( This condition Of affairs forecasts
/ shortage Of choice steers for some
/ months ahead. and eventually should
mean recurrence of a big pile Of Scent
and higher selling in spring and sum
mer months. Meantime 1t will likely
be largely a sc to $3.50 market fol
greatest share Of the supplies.
/ Sheep.
Sheep and lambs were strong. ,Tol