Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-02-29
liberal RECEIPTS
CAUSE PRICE BREAKS
HOGS GENERALLY 10 CENTS
LOWER BUT MARKET SHOWS
STRENGTH At CLOSE.
STEER MARKET WEAK
AND GENERALLY LOWER
Only Prime Sorts Hold Steady. and
Are Searce-Sheep Strong and Ae.
tive-Lambs Except Toppy Sorts
Somewhat Lower-Review Of Market
Conditions.

Chicago, Feb 29.-Hogs were lower
\ today on a more liberal run, prices
breaking about 10 cents on the aver
age. The close was stronger. The top
I for prime was $3.50.
Top Wednesday stood highest since
+, jan. 9. when $3.50 was paid, and it
compared with $50 for the top OF
January. There We're 1920 hogs lief:
from Tuesday. but they were soon
! bought up with fresh arrivals. Receipts
/! the first half of this week aggrega ted
! only $4,000. a decrease Of $500 COM
pared with the same period last week
/ and $500 compared with the CORES
I ponding time last year. Many traders
! are expecting comparatively liberal
weekend receipts this week because
! SO many belated cars are due the ball
F; ance of the week, but it Is uncertain
| just how many will be received
| Again! the combined run Of hogs at
| eleven markets was curtailed and the
! 1860 received Wednesday was 1O.1OO
smaller than a week ago, $500 larger
! than a year ago and 1880 larger than
! the correspondents Wednesday two
| years ago. Sioux City was the only
market showing good-siZed increase
compared with a week ago, while sew
eral markets were credited with sharp
decreases Most points had more than
year ago, altho some were credited
with less. Total thus far this week
100000 or $4,000 less than the same
time last week, so 900 less than the like
period last year. and $4,000 more than
the corresponding three days two years
aso. Total for 1912 TO date $3.50 900, or
100000 more than the same period
! 1911, and 1,727,00 more than the cor
responding time 1910.
Cattle.
Steers were weak and generally low
CT, only prime sorts holding steady.
One lot sold at sS.S5 but the bulk was
of the medium to fairly good class
For the general run of S6.0o9S.0O
steers it is market 400 60 cents high
er than low time Monday Of last week.
which was about the lowest day of the
year thus far.
For the three days this week the
Chicago run stands only 34,100, against
1884 a week ago and 39,715 year
F.. ago, while supplies west are running
/ even proportlonately lighter. How
ever, the six markets receipts yester-
day at $4,000 were 5000 larger than.
week ago, but for the week to date
total at six markets, standing $4,000,
shows 1900 decrease from week ago
and 21.000 less than year ago.
All the sharp price rise this week is
due mainly to the storm bound condi-
tons which have prevailed west. where
little beef was had at the start this
week 1t is weather governed market
| in the strictest sense and renewal of
normal supplies into the markets is
expected to cause speedy price reac-
| ton, altho the trade is still confident of
holding a least a portion Of the recent
+, big advances Next week, unless the
roads are clogged, things will likely go
hard with sellers since this weeks ad-
vance will doubtless start a lot OF
/ liquidation among feeders whose corn
supply is running short.
! The trade is looking ahead to pros
! pective higher prices for feeding and
stock steers in the spring months.
| Already there is some improvement
| in demand from the country over that
Of few weeks ago. and few weeKe
ahead should bring out broad general
inquiry
This in face of growing shortage OF
rough feed. Corn. too, is high. and a
much higher level of feeder cattle val
ue.s will put the cattle feeder in sore
way to gain profit.
| Packer competition for the cheaper
grades of steers now is cutting down
available supplies Of feeders for spr1ns
| markets. The killer needs the beer ana
the feeder buyer needs the thin steers
from which this beef is being con-
| verted.
f, The killer is willing to pay the mar
ket price for it. since the beef is turned
(; into money in short order, but not 80
with the feeder cattle
That old argument to the eHect thas
the farmer should raise more OF MS own
steer calves is coming into strong play
in the months ahead. When 1eeoer
cattle cost fat cattle prices. or nearly
so. it is time for serious reflection upon
the outlook. also fer some action look
ing toward an increase In productloh OF
Reef steers in the cornbelt.
Sheep.
Sheep-were strong and active pu'
lambs with exception OF toppy sorts
10