Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-25
QUALITY OF OFFERINGS GOOD
AND SPREAD OF PRICES
NARROW.
PREMIUM ON SHIPPING
GRADES HAS DISAPPEARED
Trade Closes Strong to Cents Higher
Cattle Trade NominaIly Steady at
Lowest Prices Of Wcsk - Live Nut
tons IS to 50 Cents Under Tuesdays
Levels.

Chicago, Jan. 25-Hogs closed at the
highest point since Monday, and on
$7.5O@7.55 basis, with $3.50 the top.
Quality was good and the spread mar
row, while the premium on shipping
grades had practically disappeared.
Week end trade was strong to 5 cents
higher
Hogs in growers hands are evidently
ready to come when prices suit. A Z
cent market at interior points early
this week shows the temper of the
country. Quality never was better at
this season, the run this week carrying
large percentage OF 240 to 200
pound butchers, while pigs and heavy
packers" are scarce This weeks
supply at Chicago will probably round
out about 100000. the heaviest one
week crop since the first week OF Feb
ruary, 1912, when 21S,000 arrived. The
break since the high spot early in nc
week has made it impossible for coun-
try buyers to pay I cents, which may
check the movement. The discount OF
% cents per cwt at which the hoSs
are selling is calculated 10 deter grow
ers from putting on excessive weight
and keep stuff coming, altho there is 4
general disposition in the country to
turn down bids below cents. Prices
have held up remarkably well consider
ing receipts which are considerably
in excess of the same period last week
all around the market circle.
Estimated receipts Friday were
placed at $4,000 early and later the
run was called $4,000 to $1,000. Using
the latter figure the total offerings five
days this week aggregated 1SS,300, an
increase Of $4,000 compared with the
same period last week and 200 COM
pared with the corresponding time last
year. With 1900 here today the run
for the entire week will total over 2OO,-
900, the largest in nearly year. One
thing about the supply this week was
that the offerings were not of the
feast and famine order, as each day
found receipts fairly liberal. and pack
ers gave good support to the market
most Of the time.
Cattle.
Cattle trade was nominally steady at
the lowest prices of the week.
Packers contend that they had no
other alternative this week than to buy
experiencing some unseasonably soft
weather since baby 1918 was born.
which has been anything but conducive
to heavy beef consumption. Beet trade
is in demoralized condition, they as
sert. 1t was for this reason that they
were unable to support the five-day
market plan, and the 10M15 cent de-
cline Thursday, with instances OF
% cent break from Wednesdays good
time. was a bad blow to this PROPOSE
ton, and will have the effect Of Great
ing a skeptical feeling in the country.
A glance at the files shows that during
the first three weeks of January prices
for the prime beef steers have been
hammered 35M40 cents, and manyof
the rougher medium and wei2hty cattle
have sold off 60M75 cents from their
value at the opening of the year, with
instances where the decline has been
greater, both in the very best classes
and in the commoner grades.
It is a matter Of conjecture whether
values would have been sustained had
seasonably cold weather prevailed. per-
hitting beef outlets east, as we'll as To-
cally, to widen.
The fact that Thursdays actual run
was but All, and the price decline so
material only emphasizes the deplor-
ably weak condition of the weeks nm
ish. Obviously. big run at this stage
Of the game would be likely to cause
further depression. and traders, there
fore, are anticipating only a moderate
supply for Monday.
Chicago has received 52,043 cattle so
far this week, against 63,4Ss the first
five days last week, $1,000 the same
time a year ago and 1920 the CORES
ponding five days Of 1911. Total re-
ceipts at six markets thus far this
week aggregate 100000, compared with
10000 the first five days last week,
147,oOO the same time year ago and
154, 600 the corresponding five days two
years ago.
Lack Of buying enthusiasm will pos
sibly curtail next weeks run, some
traders declare. General expectancy Is
for 10000 to $4,000. with many empha-
sizing the twenty
Sheep.
Live muttons were 25 5000 cents I'M
der Tuesdays high spot. Nine dollars
was the limit on lambs, and 1926 on
sheep.
Packers have been successful this
week and last in raiding prices, but
such declines only occurred after the
prices first advanced sharply. With
values at an unusually high point for
this time of the year, 1t does not take
much to cause a downward movement.
Some are taking very light receipts
for early next week, but most traders
the expecting moderate run-gener-
ally around 25,000-a good share OF
which will consist of lambs. The
weather will have considerable to do
with receipts for all Of next week. and
should it get bad many natives will
be marketed which would otherwise
have been kept at home, as stun is do
ing remarkably well in most places at
this time.
Chicago Livestock.
! Chicago, Jan. observation-disclosures
receipts for today. zoo: market opened
steady.
| Beeves ....... ..........s o:UVW S.Va
Texas steers ...... ...... 4.70@ $50
Western steers $50. $500 7.2t
.Stockers and feeders .... 1900 7.5t