Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-05-11

Chlca go, May was a fai!
trade in hogs today. Early sales We're
5 cents higher but the market eased
off toward the close. Packers were in
different. The top was $50.
Fridays receipts were estimated at
10000. Considering the hold-overs
there were almost $4,000 hogs here.
Five days this week Chicago has re-
ceived 1886 hogs. which is a decrease
of 5000 as against the first five days
last week, S.717 less than the cores
ponding time a yea ago II lO.l94
more than the same period two year;
agS.
Sioux City received 1000 more than
last Friday and ST. Joseph had the
same number. but outside of these two
points receipts everywhere were notice
ably light and responsible to a large
extent for the strength shown in VAL
Iues. Total receipts at eleven markets
Friday were SO. 900. a decrease OF To-
800 as against last Friday, 1890 less
than the same day a year ago and a
falling off Of 9.40O compared with the
corresponding Friday two years g
SO far this week the total reaches
oojopp, w ocsVN $50 eiAA
five days last week. a decrease Of 81
600 from the same time a year and
$4,000 more than the corresponding nve
days TWO years ago. Total 1912 to date
aggregates 1O.123. 600. which is 2.150,o0o
more than the same time last year and
an increase of 3.o56,OOO over the cor
responding period 1910.
Cattle.
rat,Ia on-,ina1lI. steady
! Packers and shippers have had a
~price-cutting inning this week such rs
was not their pleasure in many weeks
! past and made most of the advantage
before them. Their work has been of a
high grade price-cutting nature as
viewed by beef department managers
any everything has been in their favor.
That this situation will not last long.
. however, is the firm belief Of the
trace. 1t is reasoned by many of the
traders that the generous receipts OF
the last two weeks have been brought
out by force of two factors. One was
the phenomenally high average prices
which prevailed and the other the
proximity Of orr planting time, which
always has an influence to start a lot
of cattle out of feed yards. Here vas
u bdchSt oppCI tllils " 1jiCdPSL I~
prices which they had long been
awaiting.
The decline measures anywhere from
10 cents to 80 cents compared with the
close last week. and as measured from
Wednesday of last week there have
been recent sales as much as GGG15
cents lower. the extreme decline being
for some OF a1he S1,G0M7. - steers.
-. .-cr -,,lo % I'D $50
drove at Sa.O5 his week, while these
rates are still %quotable for the like
ella :ses. but il is due alone to scarcity
of such grades that the market for
them has not dropped in sympathy
with other kinds. The text best sorts
have received their hammering, altho
there is general belief among traders
that the sS.25m MS.75 grades can
come back and do the turn nicely
again in the near future provided
there is a little let-up in receipts from
recent proportions.
Yearling market and the trade for
the LOO 70 1000 pound short-feds has
been hammered at every turn for the
past ten DAYS and still the killers claim
such grades are relatively too high. 1t
was pointed out some time ago that
these classes were bring relatively
higher rates thar long fed weighty
steers, since their cost in the beef was
greater than pest kinds, and the cost
of carcasses having run up to a basis
which made beef selling at new rates
almost ~prohibitive, only had the effect
of bringing about decline.
The receipts in five days his week
stand a little heavier than a week ago
at $500. Chicago has had 10000
cattle in the past two weeks, a supply
considerably larger than came in
previous weeks when market was fast
going higher. Five days supplies stand
against sc. $50 a week and 49,555 a
year ago, while the run at six markets
for the week to date totals $4,000,
against 125, 900 a week and year ago.
decrease in receipts coming in the west
alone.
Speculation on next weeks crop was
general among traders, and some big
variance was found in opinions. There
were guesses dow as low as $4,000
for next Mondays run and up to 25 5000,
tho the majority Of opinions favored a
run around 10000, which would com
pare with 1851 last Monday and
2 1922 a year ago next Monday. On a
moderate or light run some recurrence
of price strength pounding of values
recently, but anything like a liberal
dose of supplies will only pay the game
a little further into the grasp OF KILL
ers who are keen to HAND the market
some new price wallops and bring bee1
cost down to levels which would ef-
feet a better co~nsuTIpuve situation.
Top steers this week at $9.O5 stand
against SO a week ago., $50 a month
ago and $6.45 a yea ago while two
years ago this week prime steers sold
up to $3.50. A spread of $7.10@8.60 has
taken biggest share of beef steers this
week. against s7.156s.40 a week ago,
which compared with Sc 0@6.25 q
wear ago, while two years ago bulk
went at $s.o0@S.20.
Sheep.
Some prime shorn fed western lambs
sold to arrive at S9.15 reached the
market this morning n were taker
by the buyers. Aside from this there
was practically no market. Sheep were
steady.
Only cautious marketing is advised
for early next week of anything lacking
quality. so that the outlet for medium
and thin stock can get a chance te
to clear, FOR at present the call for the
! iu-between grades is the smallest II