Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-05-03
PACKERS MAKE IT EVIDENT THEY
ARE NOT BUYING EXCEPT At
PRICE CONCESSIONS.
MOST GRADES SHADE LOWER,
ALTHo SOME ARE STEADY
Cattle Receipts Too Light to Make a
Market-Sheep Trade Dull, Receipts
and Demand Both Being Lieht-Re-
view Of Market conditions-current

Chicago, May 3.-The hog market
lacked support from all quarters today
and prices, tho steady in some grades,
We're mostly shade lower. Packers
made it evident that they were not in
the market unless some price conces-
3iOrS We're offered.
! Monday will tell something about
prospective hog supply. There is il
pocket up in northwestern Iowa,
South Dakota and southern Minnesota
that has some fat hogs, but elsewhere
; they are not abundant and that Illinois
is short is everybody's secret. A light
May run looks logical. There has been
considerable mortality among March
narrowed pigs. and a disposition to
breed sows back is detected which
may keep them off the summer mar
ket. Quality is deteriorating, and
when skippy stuff shows up only one
conclusion can be reached.
The first five days OF this week the
eleven markets received $4,000, being
$1,000 more than arrived week ago
and $4,000 less than a year ago.
Chicago the first five days of the
week received $4,000, or 1900 more
than a week ago and 1880 less than
a year ago.
a year ago this week the total at
Chicago was 1924. being the seconi
largest weeks receipts during the last
ten months of 1912.
Cattle.
Cattle were nominally steady but re-
ceipts were too light to make a real
market.
Things will go badly for sellers early
next week if the country, encouraged
by recent reaction in prices, again at
tempts to unload anywhere near as
literally as was the case last Monday.
The trade is pulling for a run of $4,000
to 10000 here at the sta1t next week,
tho there is prospect that supplies may
run a little heavier than that volume.
That more than 10000 cattle Will be
needed seems impossible now, even tho
there is nothing in beef trade akin to
Generalization. Beef market has SUI
fered no such panicky condition OF az
fairs as shown in steer trade early this
week The packers seem to be better
! able to supply beef trade needs with
moderation than the country is sup
| plying the steer market.
| Dry weather over many sections OF
the country naturally is a drawback to
! the feeders. since pastures are coming
on slowly. but the late demorallzed
! condition of steer market ought to
teach the country the lesson that 1t Will
! be more profitable to cattle owners 10
keep the runs down to moderate volume
! and take chances Of carrying steers at
! Ct, hon hxrn nr
| the west. The western markets are
getting no very liberal supplies as evil
denced by the six markets run this
week, which totals 10000, decrease
| of $1,000 from a week ago, and $1,000
| less than a year ago. Chicago crop at
4s.7oO. however, is within 1,6o0 of a
week ago. Had the Monday and Wed
ne.sday supplies this week been more
evenly balanced Generalization OF the
Monday market would have been avoid
ed and the fact that prices came back
| from low point is in itself fair argu-
| men for better distribution of supplies
over the first five days of the week.
Even tho the distillery movement is
as yet hardly started, and big crop Of
! fat slop fed steers will come out in the
next two months. the past four weeks
Of generous receipts of weighty steers
certainly should have pretty we'll
combed the country of it's surplus of
corn fed beef and with moderation gov
erning marketing of them In the pres
ent month, repetition of demoralized
| trade should be averted. 1t isn't SO
much question of the supply being
larger than expected andscarrying much
more weight as it is matter of prop
erIy regulating the marketing to suit
| demand requirements
Killers and shippers are not COM
planning of inability to merchandise the
crop. but they can not use it in over
doses A holding back process as APP
| plving to steers not really ready for
market is the recuperative tonic which
the trade Is now prescribing. Average
! weights are heaviest in two years past,
big percentage of the crop iss.killing
out good, and with the average steer
running more than 100 lbs heavier in
weight than marketings year ago, 1t
can easily he reckoned that the trade Is
getting beef a-plenty.
Sheep.
Sheep trade was dull. receipts and
demand both being light.
| The week is closing with prices on
an irregular basis as compared with
a week ago. Nearly everything is a
little lower. tho declines have been
very narrow on the good to prime
standard grades of handy weight
lambs. neither the best handy wooded
or prime shorn lambs Of desirable
weight showing more than 500 cents
declines from late last week, and the
best high dressing Characterization
wool skins selling Thursday and Fri
day at 5M10 cents advance over Mon
day, which was low day Of the week
on such kinds. Heavy and strong
weight lambs, as well as most OF the
palmer light weights lacking finish are
closing unevenly 10@25c lower than a
week ago, and many of the low dress
ing and medium grades of thorn
wethers show 15125c declines. altho
one string Of just fairly desirable
shorn wethers here today made last
weeks closing price. selling 1t 1925.
Best fat ewes and yearlings OF high
quality have held with little change in
value.
The weeks receipts, locally, have
been as Anticipated week ago. some
what lighter than the week previous,
totaling about 1860 head, against &c.
230 last week and 1854 a year ago