Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-10-31
iDEMAND FROM OTHER THAN
PACKING INTERESTS HOLDS
MARKET STEADY.
ARRIVALS LARGER THAN
USUAL SATURDAY
Bulk of Cattle and Lambs Consigned
Direct to Packers or For Mondays
Market-Review of Market condi-
tions-current Quotations at Live
stock Centers.

Chicago, Oct. 81. Demand from
shippers and small killers helped to
hold the hog market steady today de-
spite the fact that offerings We're COM
paratiyely large.
Good judgment will prompt packers
to avoid further depreciation of hog
values. The feeder can afford to make
his hogs good on a 1-cent basis, but
| will undoubtedly sacrifice a consider
able proportion of the winter crop at
light weight and deficient yields if re-
CURED to accept less money.
| A difference in yield of to per
cent means much TO the packer and
that is what low prices will insure.
A class of good 200 TO 24o pound hogs
worth S10G1020 on the August high
| spot sold at $3.50 yesterday and grow
ers Will show resentment at further
| depreciation.
Hog product ought to be the cheapest
article of food on the list at present
stock yard values and further prose-
cutions of the bear campaign would
be neither in the interest Of the killer
nor the grower.
| Stock yarders have a bunch that kill
laurels. Growers are easily discouraged
and further declines may cause repeti-
ton of what happened following the
panic of 1907.
Cattle.
Most of the cattle that arrived wert
direct TO packers or were intended to
be sold Monday.
Tha, the market has passed low
point of the season is a firm belief now,
since even though this weeks sharply
advanced prices may bring out con-
siderably increased run IN the week
ahead and effect some reaction in
prices. opinion prevails that beef trade
is going 70 be able to handle liberal
run without severely denting values.
Liquidation of stuff off pastures has
about run its course. and revival OF
better conditions in the beef trade as
against a short time ago has demon
strated the condition OF affairs In that
channel 10 be hardly as pessimistic as
the killers claimed TO exist last week.
Obviously big lot OF cattle were need
lessly sacrificed in the past Few weeks
that owners would now thoroughly ap-
Greciate having in their feed yards to
mature for winter markets. Its CASH
| ing in the bad market period of OCTOBER
at least has made possible fewer I'M
mature and habitat steers for the
November market, and unless PAD
early winter weather conditions are
had no very excessive crop of native
cattle can be looked for in the next
few weeks, and beef trade, getting
reasona bly, strong stimulus as result
OF colder weather. should be able to
care for generous crop OF steers WITH
out materially reducing prices from
current levels.
That the choice to prime ones will
remain high and go still higher seems
good guess. That stuff is in strong
hands now and known to be in slim
supply, as against the excess crop of
fat ones marketed year ago. which
had hard going at disappointing prices
At the six markets a severe shrink
age in supplies has been shown this
week, hve-day total being 10000.
against $4,000 a week ago and $4,000
year ago. the demoralized conditions
west last week having had same result
as here-the shutting off Of big market
ings.
Trade guesses on the crop for next
Monday today ranged all the way from
$4,000 to $4,000, many believing that
since the market has rebounded sharp
y there will be a genuine effort 10
nurse the market along still further on
part of many owners Range runs at
least are going to be quite moderate
from now on, some storms having al
ready been had in the northwest. and
the first severe blast Of winter there
will about wind UP free shipping.
year ago next Monday the run was
22,612.
Sheep.
The same conditions that prevailed
il, the cattle receipts obtained in ar
rivals of sheep and lambs.
Offerings five days this week totaled
147.300. an increase of 20,5o0 compared
with same period last week and de-
crease Of 1880 compared with cor
responding time last year. Few range
lots are expected next week. although
the run of natives should be rather
liberal, as present prices are attrac-
tive.