Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-08-17

was light today. Some cheap packing
stuff sold at strong prices early, but
the tone was weak most Of the day
and the close a shade lower.
Every day this week the hog re-
ceipts, collectively, were smaller at
eleven markets than the corresponding
day last week. Fridays total footed
43.3OO. or 10000 less than week ago.
$500 less than year ago. and 11,7OO
less than the corresponding Friday two
years ago. Chicago had $500 less than
last Thursday and $500 less than a
year ago. st. Louis had 1000 less than
a week ago. st. Joseph received 200
more than a year ago. Sioux City had
1000 less than week ago. Indian
apolis received 1000 less than q week
ago and 1000 less than a year ago.
Total five days this week aggregated
100000, or $4,000 less than the same
period last week. 1000 more than the
like time last year. and 1900 less than
the corresponding five days two years
ago. Supply thus far in 1912 totaled
16,310,O00. an increase Of $4,000 COM
pared with the same period 1911 and
4.16s.ooo more than the corresponding
time 1910.
V8SSIOs
The cattle market closed dull.
The trade is laboring under heavy
handicap Of bearish beef markets. New
York and other eastern cities are poor
beef-selling points now and the same is
true Of Chicago and other middle west
ern points. Record retail prices are
meeting a most stubborn consumer at
titude in which the consumer Is en-
I L-k = 49,
down to a value In keeping with his
income The result Is that the current
shortage of beef as against past times
Of plentiful supply Is more than
enough to fill the demand.
This at least is the report enanating
from many retail butchers, who COM
plain that their beef sales have fallen
off terribly in the past few weeks. as
they have been compelled to charge
advanced prices for beef cuts.
Such wide declines as now feature
the market compared with recent good
time are unusual. indeed, but it must
be borne in mind that most unusual
situation affects the whole trade at
| this time. When the prices have
| reached point higher than ever be-
fore paid 1t really is no mystery that
|
badly slumping beef demand which
| brings cattle decline as speedy as was
| the recent rise.
| That the fancy steers suffer less In
cut in value only attests the specially
demand they enjoy but there is also
some bearish opinion prevailing as re-
CARDS the immediate future prospect
of the market for these classes. too.
| Io{, H. 70 he
effect that the $1,000 top this week is
likely to remain the high point for
some little time unless the consumer
| of fancy beef works up an appetite SO
keen that he cares not what it costs to
appease the same
The excellent killing quality Of range
steers has lot to do with the break
| ing market for So to 50 and better
kinds Of natives and that lot Of the
high-grade western beef will soon be
going to fill the consumer demand for
merly given over to the good corn-fed
| natives is a guess which many are
venturing at this time. The palmer
grade light grassy natives selling down
to s7.00@7.75, too, will come in for
lot Of competition from rangers which
class as medium to good in grade, and
the latter kinds are likely to be shipped
| in fairly liberal volume during the lat
ter part Of this month. and in Sep
TENDER.
| A fairly generous range run Is
scheduled TO land here at the start
next week and unless the cornbelt
feeders hold down the crop to quite
moderate proportion q general run OF
close to $4,000 is looked for, and in
event of its landing there can only be
established some further price declines
for all the natives. Killers now have
some decent sized surplus stocks OF
beef. They have accumulated these IN
the past two weeks from run OF
nearly 10000 cattle at Chicago IN that
time. and likewise liberal supplies
west.
Estimates on the run for next Mon
day were put at 10000 to $4,000, the
low guesers figuring the cornbeit ship
pers will not order q normal number
Of cars upon learning Of the burstine
of the price bubble since the close OF
Wednesdays market. A run OF 3.Ooo
to 1000 westerns is looked for and the
bulk Of rangers will be good ones.
For five days this week the Chicago
supply is $4,000, against $3.50 week
ago and 49,067 year ago, while at tne
six points total for the week to date
stands $4,000. an increase Of 5000
over a week ago and $1,000 more than
year ago. but still $4,000 less than
two years ago.
Sheep.
Sheep closed weak, selling at tn
lowest prices Of the year.
Eastern markets reported condition.
semi demoralized. and they had thei
: bearish effect on the local trade &
such an extent that buyers claime'
: that even present prices were cut on
of line, and they did not seem to car
! whether they got anything or not
: Cautious marketing next wsek viii b
necessary, 80 that the sellers may hay
chance to check thearails on price
for, with liberal receipts buyers WI
not hesitate to force still further re
{ cessions in all classes OF fat stool
Feeders were more urgent buyers thi
;. week. and what they took ruled abou
: a quarter higher than last week an
i, stood at the highest time Of the pre-
. sent season. It was not 50 with III
y fat grades. however. and they were I'm
= evenly lower for the wseks Most rams
y ers were quoted 5000 cents lowe
THAN late last week, And while ii