Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-02-13
SHIPPING ORDERS LIGHT AND
MARKET REACTS 5 CENTS
DURING DAY.
PACKERS STAND OUT FOR
REDUCTIONS CT 10 CENTS
Bulk Sell at ss.25 TO $685., With Top
at sa42la-catt,s Steady at Best
Prices Of Week-Live Muttons Weak
Review of Market Conditions -
Current Quotations.


80 cent bulge in hogs, reaction locked
logical. Shipping orders were light and
the market opened ) cents lower, with
packers in 10 cent lower han,er. Toy
was SSiei, and bulk sS.225 {. SIS.
IIcg prices are feeling the stimulus
o. a shortage in supply. Rarases CT
CHOLERA have PLAYED an important part
IL governing the trend OF values. Had
the country lost fewer hogs by dis
ease there would have been many mil
lions Of pounds more pork for public
consumption. Being short these mil
lions b.. reason OF disease alone. and
some other millions OF pounds by
smaller production the past season, the
doubtless Will continue tc pay high
rates COZ long time TO come.
Since Feb. the market has gone
steadily higher with the exception OF
one day and current prices are high
est since last october. Provisions are
following in the wake OF the hog adj
vance. and TO say that 50 cents ad-
vance for hogs in the past eleven days
is unusual would be reckoning without
good reason.
Ma-ketings are falling below re-
ouirenen,s A broad shipping call
from eastern packers Is being liied
now. For weeks past, when demand
for pork was low in the east and chi
cago prices gave the eastern packers
small margin 70 wuTh uFoa, they
bought sparingly.
Now things are changed and the
shippers are strong competitors
against packers, about 80 per cent OF
this weeks Chicago run selling TO
shippers.
The packers have lost their grip up
on the market.
Stopping off place Of the present
boom in prices will depend upon the
consumers ability to pay higher cost
for shorter supplies.
Here is the situation: Chicago Is
short approximately $4,000 hogs for
the year TO date compared with a year
ago: six western markets are short
| $4,000 for the same period, and eleven
! principal points. with total OF S,4sa.-
| 600 hogs since Jan. l, are behind s2i,-
| 600.
| About steady al best prices Of the
| week.
/ Improvement in trade this week is
/ due 10 several causes. chief among
t them shorter receipts. This is the
third consecutive week OF light receipts
and the trade is feeling the good ef-
! fects Of it. Colder weather is bring
! ing out some broader general demand,
! and this is encouraged to some extent
( by concessions in retail prices made
| on part Of the butchers. That the
| i'm proved situation will continue is the
trade belief. as long as the country
| markets cattle with some degree OF
| caution.
| The mere fact that a 25c jump has
been made in steer values this week
should not serve TO bring out some
! considerably increased marketings here
at the start mex: week. since it Is
/ reasona bly, certain that much of the
| gain in n2acketings will only lop oft
q considerable part OF the recent price
appreciation.
! Three days in the week Chicago run
| is 1920, against 1851 a week ago,
47,424 a year ago and $1,000 two years
ago. while the six western markets
| have had $4,000 cattle in three days,
| comparing with 10000 a week ago
| 10000 a year ago and $4,000 two
/ years ago. and shorte. runs are natur-
ally q helpful influence in putting
| prices on Il stronger general founda-
ton. continuation Of which traders de-
[ clare may soon mean a W!dening
spread in the range. whic: should he!E
the good to choice steers get their rel
ative premium over the shor;-led light
ana medium weight classes.
Sheep.