Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-12-19
LATE HOG MARKET plsAPPoiNT.
ING TO HOLDERS OF LARGE
SUPPLY.
CLOSING VALUES SANK
5To 10 BELOW OPENING
Cattle Market Entirely Satisfactory to
Sellers, Prices Generally Being 10 to
Is Above Closing Levels Of Last
Week-Sheep and Lambs Stronger,
Ruling 10 to IS Higher.

Chicago, Dec. 1e.-The late hog mar
ket proved a disappointment to some
holders especially those who had laid
in a good supply at the Opening. From
level that looked fully lo@15 cents
higher than Saturday. closing values
sank 10 basis about 5Gl10 cents under
the early quotations. Tops were bought
at $50. and as the quality was very
good. many loads went at this figure
and many sold within cents of it.
While last weeks arrival of hogs
We're the largest of the year. the esti-
mated average weight at 224 pounds
was the lgh;est since last March,
standing forty pounds under the aver
age for the week ending Oct. 4. which
was the heaviest week since November,
1893. Last week the average stood
six pounds heavier than a year ago and
fourteen heavier than two years ago.
Average price of hogs at Chicago for
the week 1852. being 10 cents higher
than the previous week and the highest
average in five weeks. 1t was three
weeks ago that the average was 1901
was the lowest for any week since
March of last year. The previous
weeks average was SO cents lower than
a year ago. $40 higher than two years
ago and s3.i2 higher than the CORE
spending week of 1907.
Confined receipts Of hogs at eleven
markets last week totaled $4,000.
about the largest of the year. $1,000
larger than the previous week. 100000
smaller than year ago and $4,000
smaller than the corresponding week OF
1905, when arrivals were $4,000. Com
bined receipts for 1910 to date are 49,
$4,000, being 3.36sOOO less than arrived
a year ago.
Current prices are about 81 lower
than a year ago on a much higher
supply. At that time more light stuff
was showing up and a spread Of 1925
as 50 took most Of the mixed goods,
including the light end. with shipping
grades at ss.6oMs.s5. Demand then
centered on weight, there being a sur
plus of light stuff.
Provision specialists say that prod
ucts are on basis Of 7s cent. for
hogs, against 6H cents four weeks ago.
With ~ cents hogs. it means that the
former can get twice ae much for his
corn by feeding it than he can by SELL
ing it. At the same time they are not
advising buying on bulges like the
present
Packers are acting bearish and
talking eloquently in the same strain
They have fought advances all week.
even resorting TO the heroic process of
going without hogs. They take the
position that short runs now mean
plenty of big hogs later on. This may
be the correct theory, but packers
have not acquired reputation for be-
ing right in their hog market forecast.
Cattle.
The cattle market was entirely salts
factory to sellers Generally prices
We're 10 to % cents higher than the
closing levels of last week. This adj
vance was applicable also to a great
extent to butcher grades.
That the seasons crop of both prime
heavy and yearing steers is well in.
is the general impression Last week
choice big weights fell considerably in
proportion as against last week. and
another week is expected to prove the
same state of affairs
Packers have well appreciated all
the low and medium priced warmed
up and short-fed steers even in late
days when these kinds were put back
in value to the basis Of the preceding
week. lhey nave for some weeks al
lowed the impression to prevail that
coolers held a big stock Of this kind
of beef and that comparatively little
Of it was really needed, but buying ac-
ton has belied this. Shippers have
given the market strong support. buy
ing upward of IS per cent of weeks
run, good indication that beef de-
mand is broadening in the east. Ex-
&1S- %
1850 to 1,300-pound steers, but their
buying still totals only a short per-
centage of the crop and is thus not
much Of a price stimulus.
Total receipts for last week were
$4,000, against 1921 last week and So
$40 year ago. while at the six mar
kets supplies also fell off in COMPARE
son with last week. total aggregating
$4,000, cut of 17,4o0 from last week
and 10000 less than year ago. Sup