Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-02-12
SMALL ADVANCE SCORED DE-
SPITE LisERAL RECEIPTS AT
ALL POINTS.
SPECTATORS CREDITED
WITH LIVELIEST BIDDING
Live Stock Trade Not Affected by Hol-
iday in Other Markets-Cattie Prices
Steadied by Comparatively Moderate
Monday Run-Sheep Buyers Demand
Concessions Without Avail.

| Chicago, Feb. 12.-Tho holiday con-
| markets, the ike stock market was moi
| interrupted today. Local receipts as
wei! as western supplies We're hbera.
and q goou demand Was visible. Hogs,
after opening steady, advanced some
| what regardless OF liberal receipts
Speculative buyers and eastern ship
pers We're credited with much OF the
early trading.
Last weeks receipts Of hogs IT
about 1SS,000, were smallest since las:
October, being $4,000 smaller than pre-
vious week and close to $1,000 smaller
than year ago.
The average price Of hogs at Chi
cage last week at 1890 was highest
on record. being 80 cents above previ-
Gus week, 40 above year ago and
800 above TWO years ago.
The estimated average weight of all
last weeks receipts. including pigs,
was 203 pounds, against POI pounds
previous week and POI pounds two
weeks ago, when it was heaviest since
last October. Average year ago last
week was 203 pounds, same as last
weeks estimate. The average two
Years ago Saturday was 22j pounds.
Notwithstanding the high range OF
prices prevailing at present, some
traders are expecting values TO go still
higher.
Cattle.
Cattle prices were steadied when it
was found that not over $1,000 head
had arrived.
Fortunately consumers are in funds
and able to buy beef. The hide marke:
is healthy and all by-product Is realiz-
ing good money
At current high levels trade is natur-
ally supersensitive. Killers are fear
full OF being caught with high-prlcec
beef on their hands and refuse TO buy
cattle they may not be able to get
away with. The only menace is the
possibility of getting too many cattle
on one day. A more even supply last
week would have insured stability.
Cattle are paying for their board and
it will be good policy to put them in
decent condition before ordering cars.
The trade appears to be on iesiti-
mate basis, but on the advance early
last week beef that was Just decent,
cost 16@16h cents on the hooks, and
distributors baked at prices which
have been marked up sharply during
the past thirty days. Beef, however,
is not competing with cheap pork and
mutton, and is selling On its merits.
Prices at retail are high, but the con-
sumner appears able to go the pace. Sc
far as the selling side is concerned
there will be satisfaction if present
hoof values can be maintained. With
unprecedented scarcity of long-fed cat
tie impending further gains by the
1900 kind would not be surprising, but
middle grades are now at dizzy
height and continuous appreciation Is
impossible mo bird ever scared SO
high that he did not come back TO
earth to eat" remarked a trade phil
osopher, and that has an application to
the cattle market.
Cost of beef on the hooks has been
the highest in modern market history
and killers are naturally averse to
buying a single steer more than they
know they can get, away with under
such conditions. It means that when