Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-03-02
STEADY TONE PREVAILS A
TRADING OPENS FOR THE
WEEK.
GOOD DEMAND coNFRoNTs
HOLDERS OF CHOICE STEERS
Other Grades Difficult to Dispose Of at
Current Prices - Sheep and Lambs
Appear in Large Numbers and in
Excess Of Demands-current Quota
tions at Livestock Centers.

!
/ The trade at large is counting on a
I liberal run the fore part of this week
and if packers have their way about
it there is nothing in sight but lower
prices. The shipping demand SEEM
/ ingly is the only salvation and with
good outside orders packers will not
| have things all their own way.
According to the combined receipts
at eleven market Saturday-5S, 00O-in-
dications point to a liberal run all over
the west and east this week.
This combined total stands $4,000
larger than week ago. and 10000
larger than a year ago, the increase at
Chicago. being about 5000 larger than
week and year ago.
The weeks total at eleven points at
4S1,0 was 5000 smaller than previous
week. 5000 smaller than a year ago and
$4,000 smaller than the average for the
corresponding week since 1907.
For 1914 to date eleven markets are
credited with 4,454,o0o, or 10000 less
than a year ago. and 1,2ao.000 less than
two years ago, standing $1,000 larger
than in 1910 and 100000 smaller than
in 1908, the smallest and largest years
in long time.
Cattle.
Choice steers were in demand but
other sorts we're slow.
Unofficial February receipts at Chi
cago. standing 1s3,600. compared with
1902 a year ago. and it was first
February since 1910 when receipts at
Chicago showed an increase over the
corresponding month year previous.
However. it was the second smallest
February supply at Chicago since 1885.
Total February supplies at the six
markets stood approximately 475,000,
against $4,000 a year ago and $4,000
two years ago. For the first two months
Of 1914. Chicago cattle run. standing
400. 100. shows only 1900 decrease from
year ago, while the six markets two
months supply at 100000. was 102. 900
less than same period year ago. and
only one western market, Fort Worth,
where about 10000 Mexican imports
have been received. is credited with an
increase in the year to date arrivals.
That this situation points a further
scarcity Of beef cattle is firmly be-
lieved, since the western markets ter
ritory, hard hit by drouth last summer.
which forced liquidation OF young
steers, will require months to again be-
come fairly well stocked up.
At the outset of the weeks trade on
a Monday run Of 22,sS2, a good general
market, with 1O915c advances on a
lot of fat steers. was had. but the medi-
ums went only about steady, and for
lower qualities it was dull deal. these
continuing to get mean call and very
little price appreciation when the boom
came in midweek for anything which
was at ali good. =
Elimination of the rlidweek bloom in
the market we'll considered the I'M
stability of demand on an upturning
market, since killers are keenly desir-
Gus of holding down the lid on prices
now that Lent is on and beef abstinence
in many quarters will mean certain
amount of restriction to their output.
Lent has mainly sentimental influence
in the trade, however. and any very
broad beef call east and locally can not
help but give the market a lot of
strength
It is a period when a lot of half
baked cattle are being cashed, and
given a few too many OF them at a
do hard price hammering. They have
been at it with more or less regularity
for some weeks past as regards the
common and medium warmed-up and
short-fed steers, and that bearish policy
will doubtless remain in force until
grass season opens, when d lot OF stuff
fed little corn in the winter months
doubtless will be turned on pasture, and
= rH
I'D in the extent that many anticipate
and has effect in establishing still new
| record first costs to beef makers.
Sheep.
Sheep and lambs were more numer-
! Gus than wanted.
The lower turn Of the market Thurs
day and Friday has taken all the bloom
that appeared on the market during
the first half of the week off the heavy
! and Door to medium grades Of killing
! lambs. such now selling in practically
! the same notches as a week ago. but
finish where combined with hardness
| of weight, has commanded more re-
spect and still hold 10 to 15c higher
| basis than a week ago when packers
were stopping at $7.s5 and shippers
| were Dreaming the crop at $3.50. Feed
| ing lambs have sold thruout the week
| on a steady to strong basis.
! Matured muttons of desirable class
and good yearlings hold basis large
Nv 10 to 15c higher than week ago
tho the market is closing much less
| edgy and 10 to 15c lower on many thar
at high time Of the week.
Considering supply figures. sellers
have had no fault to find with the
market Chicago has received nearly
133. 900 head the past week or 5000
more than the previous week. and So
900 more than the light run of yeal
ago. Other western markets, however
outside of Omaha, have been modesto!
| snnplied. the snow blockade early in the
week shutting off shipments from nianJ
| sections from other points. The sig
day total at six western markets il
aho,,. 2s1 900. against 265.000 last weei
and $4,000 a year ago. Light receipt'
east kept shipping demand in that d.
rection wide open most ofthe week ane
that demand, as last week, has been 9
strong prop under the market. thu
packers we're also free buyers the mrs
half Of the week. the market for stool
on foot then rejecting a higher dressed
mutton trade.
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