Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-02-01
TEN CENT SLUMP IN PRlcE0 De
CAUSE OF eURDENsoME re.
cEIPTs IN CHICAGO.
CATTLE LACK ACTIVITY
DESPITE LlGHT%RUN
Offerings Disposed OF at Prices Under
Wednesdays Prices - Sheep and
Lamb Trade Irregular, With Packers
Making Concessions - Review Of
Market Conditions. -

Chicago, Feb. 1.-Excessive supply
caused 10 cent slump In hog prices
today. The top was $6.323s.
Eleven markets received 108,500 hogs
Wednesday. or 300 less than q. week
ago, $500 less than year ago and A.
500 more than the corresponding Ned
ncsday two years ago. Chicago and
Buffalo We're the only markets sbeing
credited with more hogs than week
ago, while the markets showing in
creases compared with year ago We're
more than offset by theses howing de-
creases. Total the first half Of this
week, $4,000, or $4,000 less than the
same time last week, $4,000 morasthan
the like period year ago and $4,000
more than the corresponding, three
days two years ago Total for 1912 to
date, 3,061,000. or 100000 more than
the same period 1911 and 1,0s2.000 more
than the corresponding time 1910.
Cattle.
Cattle trade lacked activity dee pi.e
the light run. Buyers disposed Of the
stock. but cut yesterdays prices.
The drove of prime heavy steers sold
Yesterday a sS.15 was the highsBt price
of the year to date. and one which is
likely to be often duplicated in the .fu
ture if there are among receipts cattle
OF the same prime grade.
That kind of bullocks has been in
urgent demand for weeks past, rsdue
solely to the fact that there ha4, been
great shortage. Those who last week
stated that it would be unsafe to quote
a top price above ss.40 were widely off
from the mark, as was shown by the
sS.75 sale yesterday.
Prime beef commands it's own price.
There is a consumer call for certain
amount of it, and the price it costs at
retail is of secondary consideration.
The feeder who mas load of choice
grade heavy steers which lacks fancy
finish might do we'll to hold them long
enough to put the finishing touches
upon them.
Meantime the next best kinds Of
heavy steers are getting quite good
demand and bringing fairly remupera-
tive prices. The only classes Of steers
which are hard sellers now are short
feds Of light and medium weight. but
since these grades form the majority
of supplies it has been a generally
mean January market as compared
with December. -
There will be demand for all the fat
steers at relatively good prices pro-
vided the country looks not too serious
Is upon high CON cost as factor
which should induce early selling
There appears a buyer tendency to
boom heavy steer trade and encourage
feeders to build more Of these grades
for later markets this season.
The run Wednesday made 39.400. for
three days this week. against 53,191
week ago and 55,5sS a year ago and
this supply situation alone spells out
the genuine cause for better market.
st the six points the crop Wednesday
was 25,500, and this made 10000 cattle
at six points for the week to date.
against $4,000 week ago and 10000
year ago.
January run at Chicago stands. APP
proximately 2s5,400, against 293,765 in
January. 1911. decrease of S,400 head,
while of the January supply there have
been shipped approximately 109,f60,
decrease Of 21,700 cattle from last year.
Sheep.
Sheep and lambs We're, Irregular, One
lot OF prime lambs went at s6.S5. but
packers held for s6.15. -