Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-04-20
HEAVY RECEIPTS CAUSE PRICES
TO REcEDE AND 10 CENTS
AT CLOSING SESSION..
CHOICE STEERS HOLD UP
WELL DURING ENTIRE WEEK
Prices Show Little chanss-Lambs
Finish At Highest Point Of Year,
Selling at $s.a5-current Quotations
and Review Of Markst Conditions.


clined to 10 cents on heavy run for
Saturday.
Chicago had 10000 hogs the first
five days this week. decrease OF H.
200 compared with the same period last
week and 1,400 compared with the cor
responding time year ago. Altho to-
tai receipts thus far this week did not
come up to the volume of offerings
during the same period last week, the
shipments showed an increase so that
local packers had to be content with
many less hogs than last week.
Liberal hog receipts, not only at Chi
cago, but at practically every other
market Friday. swelled the total at
eleven places to $4,000. being e11o0
larger than a week ago, $4,000 more
than the same time year ago and a.
500 larger than :he responding Fri
Gay two years ago. Local receipts
nearly doubled those of last Friday. as
did the supply at Omaha and Sioux
City. While st. Joseph had more than
three times as many. A few markets
received less than year ago. but
most of them showed substantial in
crease. Total five days this week
footed $4,000 or 1000 larger than the
same period last week. $4,000 smaller
than the like time last year and 81, 900
larger than the corresponding five days
two years ago. Total for 1912 to date
$4,000. an increase Of 1.27so00 COM
pared with the same period 1911 and
100000 compared with the CORE
spending time 1910
Cattle.
Choice steers held up we'll during
the week and closing prices showed
little change
The best cattle here this week sold
AT ss.15. and there has been a big
string of sales between that figure and
IS. especially on Monday. when quality
was good owing to the arrival Of Kan
sas and Nebraska stuff. Since the OPEN
ing session medium stuff has predom-
mated. Killers are still taking every
thing that will bleed. to use stock
yard verna cular. but. as matter OF
fact are getting few decent steers be-
low the &c line.
The weeks run at the six principal
western markets is about 10000,
against $4,000 last week and $4,000 a
year ago The deficiency at these mar
kets since Jan I. compared with the
same period last year, is now close to
100000.
The top here on Monday was ss.I5.
paid for three loads. one OF which
weighed 1744 lbs. but there was long
string of ss6s.6o sales owing to the ar
rival Of a big delegation OF Nebraska
cattle. These were selling a year ago
at s6Gs.4o. At that time only year
lings were able to beat $3.50, and the
limit was 1915. but the spread was
much narrower and s5.1od SIS took the
bulk. Two years ago $3.50 was the top
and finished steers sold largely at ssd
$40. Most of the recent advance has
been on the medium grade Of 1000
1250-lb steers now selling at $3.50
rs, and they are very high. While beef
consumption has undoubtedly been cur
tailed by lofty prices. supply is small
and killers are experiencing trouble in
getting enough to supply their trade.
They are buying everything convert
ible into beef but the proportion Of
steers below 81 is small Dtstillery
cattle are selling at sT.706s.50. largely.
The undertone Of the trade Is strong.
Quarantine cattle are realizing $3.50
at southwestern markets and the pros
pect rs regarded as excellent for main
tenance of present prices Until grass
becomes factor. Export trade has been
practically eliminated by high cost.
While prophecy Of $40 for heavy bull
locks is heard the fact remains that
there Is limit to demand for cattle
selling above $3.50. as was indicated
on Monday when a few too many ar
rived and closing transactions were 10c
lower.
Wagers have been offered recently
that heavy cattle will sell at $40 per
cwt during the coming summer and
the money has found no takers. From
q consumers viewpoint that prices
looks prohibitive and yet killers VIII
always be able to use few big bull
locks regardless of what they cost
Ten-c cattle are not impossible, but
killers have shown disposition to side
step that kind and give medium grades
| preference. Steers selling at $3.50
1.75 show most of the advance 81 the
past ten days and so-called cheap stun
is relatively higher than market-top-
pers. That a generous run Of southern
grassers will be needed to dffect pres
ent prices adversely Is admitted and
while 10c prophecy is not general, near
lily everybody in the trade believes
heavy cattle will sell higher as the
summer works around.
Sheep.
Lambs finished the week at the
highest point of the year, selling today
at $685..
Chicago Livssteek.
| Chicago April 29.-Cattle-Estimat-
ed receipts for today, ZOO market
steady.
Reeves ........ ooUWe.to