Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-01-08
STEERS ADVANCE FROM S TO- Is
CENTS BECAUSE OF
LIGHT RUN. - -.
HOGS SELL At HIGHEST
IL
PRICE SINCE LAST AUGUST
Top Of 500 Recorded, Advance
Amounting to 10 to IS csnts-eoom
in Live Mutton Trade, With One Load
Bringing $40 Current Quotations
and Review, Of Market Conditions.

from to 20 cents.
Packers are showing need for gen.
erous volume of low-grade beef steers,
but there is strong complaint that
these kinds are killing out poorly and
since the crop constitutes big per-
centage of that kind the relatively good
rates they bring create a lot Of killer
dissatisfaction.
Bearish action in these kinds is
looked for by the traders, but con-
sentative period Of marketings will Still
effect a fairly high basis Of values. 1t
is good feeding weather Little corn
is being wasted and good beef gains in
feeding, together with the severe cold
weather. should effect check on ib-
eral marketing
The trade can use only moderate
quota Of light and immature steers at
current rates. even tho the lighter
marketings in Christmas week and a
good beef demand since then has
drawn heavily upon surplus cooler
stocks. High prices for beef at whole
sale have effect in keeping down the
movement to shorter volume. than
would be the case were the stuff sold
cheaper. and packer desire to get the
lighter cattle at lower prices is thus
we'll understood
High quality heavy steers are as
scarce as they have been at this time
in the last half decade A year ago
there was dearth Of quality, but the
low prices which high-grad steers
brought in the first six months Of 1911
choked off production OF such kinds to
great extent 1t was felt severely in
the last three months Of 1911. when the
ss5oM925 market induced shippers to
unload freely Of the short crop which
was then ready. but the real stringency
period as regards high quality win be
shown in the next two months.
Hogs.
Hogs were boosted. with top OF
Sc 20. the highest since August.
Receipts Of hogs at Chicago stock
Yards last week totaled 142.s0o. or 21.-
100 more than the previous week, $4,000
more than the same week last year and
%. 200 more than the corresponding
week two years ago. Average OF the
corresponding weeks Of the past eleven
years. which ranged at 1850 to 2S5,-
e75. was 1e5.429. so that last week was
below the average by over $4,000.
Estimated average weight Of hogs 1t
| Chicago last week was oil pounds. or
pound lighter than the previous week.
IL hounds lighter than the same week
last year. and pounds heavier than
the corresponding week two years ago
| Grand average of the corresponding
week for the past eleven years which
| ranged at 2o4 pounds to 22S pounds
was o13 pounds.
! Average price Of hogs at Chicago for
the week was s6.17, or 4 cents lower
than the previous week. 800 lower
than the same week a year ago. and
s2.4s lower than the corresponding
week two years ago. Grand average OF
the corresponding weeks during the
past eleven years, which ranged al
s445 to 1855, was 1904.
Sheep.
| There was boom in live muttons
An outsider paid $40 for a load OF
natives.
The advance in values the past weei
to much the highest levels Of the sea
son in the face Of an increased supply
at Chicago of 43 100 over the previous
week and a gain Of 1880 at six west
ern markets. even tho the previou!
weeks receipts were cur:ailed by thu
Christmas holiday, reflects vast i'm
provement in the dressed mutton trade
but it would have been impossible hat
not supplies at Buffalo and other east
ern markets dwindled materially. Fall
down in marketings at eastern center
indicates that the crop in territoryseon
tiguous to those markets has been vel
cleaned up and that chicago4may ex
pect a reliable demand from shipper
from now on. a demand that mad
it's presence felt last week. All trad
ers agree that the trade now appear
to be on a fairly substantial basis.