Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-07-22
GAIN Of 10 CENTS
SCORED By CATTLE
MARKET CLOSED STRONG, PRICES
PULLING UPWARD ON LIGHT
MONDAY SUPPLY.
HOGS CLOSE 5ro 10
CENTS UNDER SATURDAY
Prices Break Under Good Receipts, 49,
oco Arriving for the Day-sheep
Close Steady-Revisw Of the Past
Week-current Quotations in Lead
ing Market Centers.

! ing Market Centers.
! Chicago, July 22.--Cattle were strong
ito 10 cents higher today on a light
isupply.
Packers are in an unenviahle posi-
ton at the present writing. They are
as 1t We're. between two fires. They
face loud wall on the high cost of
| meat from the consumer and know for
i a certainty that there will be a con-
tinued scarcity of raw material. which
is chiefly responsible for ascension Of
cattle prices. In order to make their
business remunerative they must nurse
| the public back into an agreeable frame
of mind by selling meat lower. but
| simultaneously they realize the hope
i essness of such a task with produce
| ton falling off. Their past prosperity
has been cheap livestock and large
| volumes, Eventually the industry will
| respond to the stimulus of paying
| rorcsition-cattle raisers will not
| work and worry for nothing. and they
! are not to be blanchard reha bilitate
itself on such a scale as to dissipate
a great deal Of clamoring on the part
| Of the consumer over high cost Of liv-
ing. or, perhaps as better stated by j.
j. Hill. the retired railroad king, "the
cost OF high living"
| Despite the fact that packers effe,t-
| ed a self atisfying decline of ESQ Acc
! last week beef values are still high
| enough to magnetic cattle raisers. The
consumer, it seems. can not understand
why the countryman does not raise
livestock with values on such plain
and certainly on the :ace Of 1t 1t looks
like an anomaly for an industry to
retrograde while prices are advancing.
but such has been the case for the
simple reason that the business OF
raising cattle and preparing them for
market has been less profitable than
other lines Of business. considering the
capital invested. There is the greatest
confusion in the minds Of the public
as to the reason Of such high prices
for meat especially beef. The many
Investigations Of the so-called beef
trust and the continual pros 0"ntion Cor
persecution) Of the pack 'las tend
ed in public estimation &c place the
entire responsibility for high prices OF
meat on them. instead OF distributing
| it where 1t properly belongs. The real
cause for strong beef values are really
economic. as only within narrow lin.
it's do the packers contro! prices.
/! Primarily and pre- -eminently, sky
! high beef prices are due to the decline
Of the cattle industry at a time when
! the country's population is booming. 1t
is simply question Of supply and de-
mand and unless production increases
IN no ati0n
reasonably be expected.
Hogs.
Hogs were and 10 cents lower.
Receipts of hogs at the Chicago
stock yards las, week aggregated o.
| 900, or 2l,oco less than the preceding
year. 32.1Oo less than the same week
last year and $500 more than the cor
responding week two years ago. Ship
ments were lighter than the previous
week and year ago, but showed in
crease compared with the correspond
| ing week in 1910 and were considered
| normal. taking the size OF the receipts
| into consideration.
| Estimated average weight OF hoss
| last week was 2s9 pounds. the heaviest
! Of the year and one pound heavle!
than the previous week. seven pounos
| heavier than the same week last year
and six pounds lighter than the cor
responding week two years ago. Inc
increase in average weight helped 10
/ offset the deficit in receipts compared
! with a week before and a year ago, OUT
| the shrinkage in pounds OF pork COM
pared with two years ago was large
Tota! supply for the week aggre-
gated 3ee,ooo and, barring the week OF
April 6. when only 376,ooo arrived.
stood the highest Of the year. 1t was
! IS Coo smaller than the preceding
week $4,000 smaller than the same
/! week wear ago and only $4,000 iars-
er than the corresponding week two
wears ago. Receipts for 1912 to date
tota, 1921, 900, an increase OF so9'VVo
compared with the same perioo l'ii
and 4.127 900 compared with the cor
responding time 1910.
Sheep.
! Sheep We're STEADY.
Much uneven trading vas done IN
the sheep and yearling division during
Hast week Native offerings closed
|about where they left off last week, pul
such was not the case with the puik ol
rangers. Only the best grades Oh
yearlings looked steady, while the ON.
err grades and all the wethers receVeu
in the range division We're down at
least e5 cents and even more In sew
eral instances on the latter xmas
There was no prime western wetners
here during the week. altho some 1eo
wethers were received which were IN
rather good flesh Attic the natives
were about steady for the week. there
were many late transactions that
looked a quarter off from this weeks
high time.
Chicago Livestock.