Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-02-07
SHRlNkAGE IN SUPPLIES At ALL
MARKETS RESULTS IN SHARP
RISE.
MUCH LIGHT STUFF SELLS
ON 8 CENT BASIS
Spread Of $7.s5 to $7.e5 on Most Of
Business Transacted Few Steers
Arrive With Cattle Offerings and
Peddlins But Steady Market Ensue.
Live Mutton Trade Strong.

hog supply this week at eleven markets
compared with last week was responsi.
| Bile for the return of the IS quotation
today. A lot of light stuff found a
shipping outlet on that basis. The
market was 10 cents higher. a spread
CT s7.So @7.95 doing much of the bust
ness.
The lay-over Thursday-12, 5oO-was
the largest since Oct. %. 1912, and is an
evidence of how hard the packers at
tempted to clamp tie ever On prices
! Wednesday. Wednesday they were
biddinf s7.7OG7.75 for hogs that
brought s7.s0G7.S21s Thursday. Only
one packer did business, and that was
en- a small scale; most Of them Thurs
day figured their droves at strong to
IS cents higher than Tuesday. They
succeeded, however, in buying them
lower than the spectators bought
Wednesday. but had to pay higher than
they could have secured plenty Of hogs
at the close. 1t was an irregular mar
ket in sense, inasmucf as the market
tone depended largely upon Wednes-
day.
Receipts for the week show a decided
! falling off. Four days this week Chi
cago has received HESS hogs, COM
pared with 14O,o96 the first four days
last week, 1869 the same time year
ago and 115,771 the corresponding four
days two years ago.
Cattle.
Only a few steers arrived today.
They were peddled out at steady prices.
Killers indifference against the higher
quality heavy steers is plainly indica-
tive of souring consumer favor for
such stuff since the retail price Of this
beef is held relatively higher for the
No. 2 and lower grade cuts. All the
week it has been a dull market for
weighty stuff, and the fact that the best
steers thus far have had to go at ~.
against 1920 last week, evidences the
shorter competition for them. Thus
the price spread has again narrowed
and the trade is looking for this con-
dition to continue for some time ahead
by reason of the fact that corn is being
crowded into the majority of light and
| handy grade cattle with greater free
! dom than in recent years because corn
| is cheaper now than in many months
past and it is usually the case when
| the bulk of steers are Of class to mako
| good dressing carcasSes, a narrow price
spread between mediocrity and choice
goods prevails.
Some little strength in the prices
shown early last Monday is about all
the sunshine which has been had in an
otherwise week ,of gloom for sellers.
and the general basis Of values for both
the heavy good to choice, as we'll as
medium and plain light and handy
weight steers was not quotable much
different from last week This situa-
ton in face OF two consecutive weeks
of small steer SUPPLIES should point to
the country the necessity Of keeping
down supplies to volume no larger
than required by short killing demands.
if the market is to be held from lower
trending values.
Sheep.
Live mutton trade was strong on
light supply
Around 1900 were received Thurs
day, against only 500 week ago and
1909 the corresponding Thursday a
year ago. Four days this week offer
ings totaled. $500, an increase of 49,
400 compared with the same period last
week. during which shippers were hold
ing back stuff in the county in an ef-
fort to check the bearishness Of pack
ers. Compared with the corresponding
time last year decrease Of 2S.900 was
noted Six markets were credited with
1900, against $4,000 last Thursday and
27,10O year ago. For four days this
week combined arrivals totaled 160,-
O0O or $4,000 more than the same pc
Rod last week and $4,000 less than
the corresponding four days last year.
Altho offerings everywhere for the
week to date looked liberal compared
with the same time last week. 1t must
be remembered that last weeks num-
Der was below normal.