Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-03-22
PRICES WEAKEN AND ARE ABOUT
CENTS UNDER BEST TIME
THURSDAY.
BEST SALE OF DAY
MADE At PRICE OF $40
General Belief That Hogs Are Scarce
Thruout Country-CattIe Offerings
Meaaer and Quality Laekins-Shsep
and Lamb Market Uneven - Price
Changes Slight.

Chicago. March 22.-There was ieEs
vim to the hog market today and
prices looked weak to about cents
lower than the best time Of the previ-
ous session The best sale of the day
was at $40.
Bullish enthusiasm has run rampant
in hog trade recently, unchecked by
any strenuous effort of the packers to
clamp down the lid. Market has risen
to point 81 higher than ten days ago,
and Thursday hogs sold close to IS
cents higher than the average Of We'd
nesday. while the average price at
S726 that day showed 20 cents gain
over Tuesday and vas SO cents higher
than last Monday.
Hogs have gone higher because Of
the most urgent shipping demand in
many weeks past, coupled with a fall
ing down in marketings as compared
with short time ago. However, The
supplies are running little in excess
of this time year ago, when values
averaged approximately IS cents lower
than now.
The sensational rise in hog prices
apparently does not alarm the pack
ers at this time.
The situation in provision trade is
unprecedented. There are exceptionally
heavy stocks in local warehouses. and
it is claimed that outside packers dare
not sell futures for delivery here be-
cause Of their inability to store their
property when 1t arrives.
It is expected receipts will increase
,~J,- of
week, as recent storms have curtailed
arrivals at all markets for the past
few days 1t behooves Mr.. Country
man to go slow and get good. wide
margins as it is generally conceded
that prices are dangerously high, with
breakers ahead. Big packers seeming
ly follow the market advances reluct-
antly and undoubtedly will hammer
things when receipts increase to any
considerable volume.
Receipts for four days this week at
eleven points shows total Of 100000
a decrease of $4,000 compared with the
first four days last week, $4,000 less
than the same time a year ago and
$4,000 more than the corresponding pc
Rod two years ago. Total 1912 to date
at all points aggregates 6,9Ss,00O, an
increase of $4,000 over the same time
last year and o,33s.0o0 more than the
corresponding period in 1910
Cattle.
Cattle were steady but offerings
meager and quality lacking.
Thursdays run of 1000 made $500
for four days this week, against 51,61S
a week ago. and 1880 a year ago. Six
markets had only 1880 cattle Thurs
day, against $4,000 a week ago, the
falling down in supply west being d.
rectly attributed to bad weather con-
ditions which prevailed there Wednes-
day. The week 10 date run at six mar
kets, however, standing 111.000, shows
1000 increase over week ago, while
there is 1000 decrease as measured
against marketings at these points in
the same period year ago.
General market in drawing toward
the weeks close with price level not
much changed from last week. and ma
teria!ly weaker only for the medium
grade steers. is demonstrating pretty
good general demand for beef, despite
high wholesale and retail prices. No.
lons are marked up u cent at whole
sale as compared with week ago,
while No. rounds are also that much
higher, and No. rounds show 1 cent
gain, tho cilucks and plates are steady.
and the No. ] and No 2 ribs are lower.
but No. ribs and loins are higher,
direct result of relative scarcity Of the
cheaper grade light steers, which are
now moving into killers hands.
Sheep.
The sheep and lamb market was I'M
even. but the changes generally slight