Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-03-30
MARKET FAILED TO HOLD
STRENGTH MANIFEST At BE:
GINNING OF TRADING.
CATTLE CLOSE UNCHANGED,
SLIGHTLY LOWER FOR WEEK
Receipts on Closing Day insufficient to
Make Market-Lenten Holidays Fac
tor in Present Conditions Sheep
and Lambs Steady-Review Of Mar.
ket Conditions.

Chicago, March 3o.-Hogs closed
weak and longer, after showing some
strength at the opening.
/ Traders assert that the IS hogS is
/ a certainty in view OF the light re-
ceipts. considering the fact that larger
shipments from the country were eX-
pccted when prices began the upward
trend more than fortnight ago. These
hogs have failed to materialize and,
they say, il the packers become less
reluctant that market is bound to
boom. However. Chica SOS receipts five
days this week. totalirg 1884, exceed
the first five days last week by 1852,
or S.l10 less than the same period
year ago and 6.,e7S more than the
| corresponding time 1910.
| An even $4,000 hogs were received at
eleven markets Triday. or $500 less
than week ago. $4,000 less than
year ago and $500 more than the cor
responding Friday two years ago. Chi
cago. ST. Joseph and ST. Paul each
showed increase compared with last
Friday, but other western markets were
credited with decrease. while eastern
points were normally supplied. ST. Jo-
seph and Cleveland received as many
as a year ago. while ST. Paul had 1.'oo
more. uut al, ether markets had far
lighter supplies, Chicago leading with
5000 decrease Total thus far this
week. 404 ,o0O or 10000 more than the
same period last week. $4,000 less than
the like time last year and $4,000 more
than the corresponding FIVE days two
years ago. For this year to date the
combined total footed 100000. or
1.41l 900 more than the same period OF
1911 and 2,534.0o0 more than the cor
responding time in 1910.
Cattle.
Cattle were nonlinally unchanged.
Receipts were not sufficient to enliven
trading.
This is first period in some time
past when killers have been able to get
the cheap grade steers lower than the
preceding week There has. however.
been due and suffcien. reason for the
backing UP of buyers in trade for that
kind because of the fac: that next week
is "holy week" and Jewish holidays
also fall in the same week These
church fast days" mean much to the
beef trade Consumptive demand falls
ca sharply in holy week and killers
he. have simply followed a rule Of long
standing to bear the market. That the
prices will "come back" is the safest
guess. This week the buyers started
out paving strong rates. which was
evidence thai the beef was needed
rather badly az that time while the
fact Of church holidays was stronges:
influence toward weaker prices OF late
However. Chicago has had $500 less
cattle than week ago, and this under
ordinary circumstances would eau Tor
a pretty good general market. but the
shipper demand has fallen 2.4o0 smaller
than a week ago. and since there have
been increased supplies west killers
were able to rest on their oars here
in recent days and buying more cattle
west have been in position to weaken
the prices.
Looking ahead toward next week. it
will require 4 quite moderate supply OF
steers to avert further recessions In
medium grade steers. The demand
naturally will be affected by church
HOLIDAYS. and since it is the last week
of Lent. there will be small meat con-
sumption. Taxing cogntZance OF this
r,pending situation in beef trade. coun-
~. shippers would do we'll to serve the
market what it needs-yiz.. light sup
ply. rather than Ut cattle come IN gen.
erous volume and afford killers per-
led of price hamm ering.
The Lenten season has still been
more or less remarkable foc the good
prices it has developed in steer trade.
but the strong markets during the
greatest portion OF Lent have been due
to relatively short cattle supplies. and
the fact that killers haze carried 10
surplus beef stocks. rather than any
material undercurrent OF strength. n
the demand fer beef.
Following Lort. continuation Of licht
fat steer supplies can only mean 1905
market. and since the general rece1ofs
at ST; points for the year to date are
showing close to 5000 decrease from
a year ago. and all signs point to cor
tinued feeding operations, there is
naught but buliish sentiment in the
trade regarding April prices for good
to choice steers, and establishment
; Of 50 top is predicted.
High point Of this week was $685..
paid Monday and again on Thursday
top 15c below a week ago. which is ac-
counted for largely by the fact Of fall
| ing quality, while the high point this
week stood against s7.o5 year ago and
1915 two years ago. Bulk OF steers
| have sold this week at 36.35 $500.
against sG1567S5 a week ago, the
higher range Of prices for bulk being
due to the fact that in the days Of de-
Ginning prices late this week there was
| only a small quota Of the total weeks
supply on sale. A year ago big end OF
the crop sold at $5.75@s.50. and there
vas a small showing above the latter
price.
| Sheep.
Sheep and lambs were steady.
Chicago Livestock.
! Mach r.$<1a-Ea<l-