Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-02-24
RECEIPTS LIGHT At EVERY MAR.
kET CENTER OF THE
WEST.
TWENTY THOUSAND LESS
THAN LAST MONDAY
Cattle Supplies About Equal to De-
mand, With Run Largely Short-Fsd
Stuff-Sheep Strong, With Lambs
Tending Toward Weakness-Reviev
Of Market Conditions.

Chicago, Feb. 24.-Highcst prices of
the year We're attained in the hog mar
ket today, receipts everywhere being
light. There We're $4,000 at eleven
points, against 900 last week.
There were 100000 hogs received at
the Chicago stock yards last week. or
$500 less than the previous week, 49, 90
less than the same week last year and
1900 less than the corresponding week
two years ago. During the same week
in 1910 only 1899 arrived.
Estimated average weight of hogs at
Chicago was placed at $50 lbs, lost
week, or 2 lbs. heavier than the previ
Gus week, IA lbs, heavier than year
ago and the same as the correspond
ing week two years ago. During the
same week of 1909 hogs averaged only
201 lbs.
Top at $3.50 for hogs at Chicago last
week stood the highest since late last
October and compared with sS.471a the
previous week, $40 year ago and
1856 two years ago. Average price
for last Week figured 1886, or IA cents
higher than the previous week, s2.14
higher than the same week last year
ard s1.10 higher than the corresponding
week two years ago.
Only 10000 hogs were received at
eleven markets Saturday, being less
than half as many as arrived a year
ago Combined arrivals last week
totaled $4,000, or 1000 less than the
previous week. 10000 less than year
ago. Total for 1912 to date aggregated
@ M
period 1912 and 100000 more than the
corresponding time 1911.
Cattle.
Cattle supplies were about equal ia
demand. The run was largely short FED
stuff.
Killers preference for the handy
feeder demand Of the season for light
steers bordering close up to the killer
grades, has we'll emphasized the mar
rowing tendency of values. Feeder
steers Of choice kind landing at $500
@s.25, with one lot at $685., and q
big share Of the good killing steers Of
handy weight round ss.25@s.5o plainly
shows that either these grades are
relatively too low or the feeders too
high, but it is a supply and demand
proposition which governs the DEAL
and the feeder demand being keener
than for beef steers, the feeders have
run up in value to a limit which to
many seems prohibitive.
Weighty steers have had discrimina
ton to which they We're hardly en-
titled. cattle which had been fed
goodly amount Of corn selling close to
prices paid for the lower. quality
warmed-up and short-fed steers, but
the season is approaching when this
condition should be regulated by a
stronger appreciation for longfed
steers. enabling them to earn their
relative price premium over the light
stuff which has eaten little corn.
Killers have had access to only a
small quota of beef steers below $500
In recent days, altho earlier in the
week they got a fair proportion of 900
to LOO pound stuff at $7.65@S.00 Of
late, however, the feeder buyers made
a grand rush after the latter grades,
and corralled a lot Of them, tho their
cost as feeder stuff makes them much
higher in the feeders hands than were
they finding beef outlet now. Eight
cent feeders will necessitate their sale
as fat steers at close to $40 later this
year, if they are to pay out. and the
trade is taking a long range view OF
conditions with only moderate hopes Of
fancy prices materializing.
Still the beef map is known to be
only lightly supplied with cattle which
will be available as fat buliocks five or
six months hence. Thus far in the
year restricted beef consumption has
made the comparatively small supplies
suffice to fill the demand, and it will
naturally require some much more ur-
gent demand for beef at considerably
higher prices before dollar or greater
advance in cattle prices over the cur
rent range will be justifiable.
Lent is having no effect on the mac-
! ket thus far, and It's q month off tn
the end of the Lenten season, but
with the beef demand working fairly
| we'll and the country in no mood to re-
new liquidation the market situation
, shows legitimacy OF bullish attitude Oh
part Of the traders.
Sheep
| Sheep We're strong but lambs had a
! tendency to weaken.
T; Eastern live lamb markets are now
| only shade higher than Chicago, and
unless they report very light supplies
at the state this week it is probable
that anything approaching liberal
lamb supply here will prove burden
some at current prices.
/ Receipts during the past week at
Chicago have decreased nearly 5000
head from the week previous, the slump
| in lambs last Monday having contract
ed the marketward movement since
"River" markets have had practically
the same aggregate supply as the week
previous and year ago. and the six
point total for the week aggregates 216.-
900, against 227.oa0 the previous week
and 214,000 a year ago.
Chicago Livestock.
| Chicago, Feb. neutrality-suspicious.
receipts for today, $4,000; market slow
Beeves .......... ........ $3.50 800
| w. ..~. < onA m