Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-11-14
LEFT.ovERS CAUSE DRUG ON
THE MARKET AND BIDDERS
DEMAND CONCESSIONS.
UNCERTAINTY AS TO
FUTURE STATE OF TRADE
Cattle Market Dull But Prices Rule
Steady-Sheep and Lambs Suffer
Break in Price-Review Of Market
condtions-current Quotations at
Livestock Centers.

Chicago. Nov. 14.-The supply was
increased by unsold hogs today and the
IT dragged
Four days this week there have been
li..o.d hogs marketed at Chicago. BE-
ing 500 less than a week ago. $500
! more than a year ago and 1,S00 in ex-
! cess of marketings for like period two
years ago.
! Eleven markets received $500 hogs
Thursday, or $500 more than last
Thursday, 2,4O0 less than a year ago
and 29,lOO less than two years ago.
Total four days this week $4,000, or g.
900 more than same period last week,
rand $4,000 less than corresponding four
days two years ago. Total for 1913 to
date PLOT 900. or 1900 more than
same period 1912 and $1,000 less than
| corresponding time 1911.
In specializing on what the market
will do. certain factors that may be re-
garded as fortuitous circumstances,
must be reckoned with. Obviously,
packers would like to pile UP some
thing cheap to vend at substantial
profit next summer, and stealing" a
crop of hogs, to use stock yard verna-
cular would be to their liking. They
have done 1t befare. when opportunity
offered, and the tiger does not change
the markings on his pelt There Is
possibility Of tight money and subsi-
dence Of industrial activity. Should
this accentuate and high cost OF feed
attract hogs to market-prematurely
more humping may be effected
Cattle.
Cattle We're duh but prices ruled
generally steady.
A new cry 70. relief In shape Of .
light run next week has gone up from
sellers camp, and It must be needed II
there is to be semblance Of good mar
ket hero next Monday. Thanksgiving
holiday Is just two weeks off. and the
influence OF early season poultry trade
Will have It's effect in cutting down the
beef demand. At least it will give kill
ers lot Of excuse to use this argument
in forcing prices sharply down on q
generous run. 1t is time Of year. how
ever. when lot Of feeders are DESTROYS
Of cashing in ahead OF bad weather.
d
ton Will materialize next week Is q big
puzzle. A lot Of short fed stuff bought
in the dry pasture country OF Kansas
and Missouri in August and September
is being shipped out now. and there
viii be thousands Of them distributed
over the market in the next four or
five weeks. Enough Of these kinds are
promised to keep the market down on
the middle Quality. and the big. long
fed ripe steers likewise are prospective
Of coming certainly enough to prevent
material advance In values for them
unless there develops in the next two
or three weeks an unusually keen de-
mand for heavy steers, a situation
which now appears unlikely in view Of
events in the past two weeks.
Heavy steers are under packer ban.
I'VE can't use them at the prices" yell
the packer buyers. but still they did
use them last Monday at whole lot
more money than the stun brings now,
and that Monday session was In de-
cided contrast to the demoralized con-
dftion week ago, when many heavy
beeves had to be carried over for this
weeks market. The query arises among
feeders, who have lost big money on
them, IF they're worth $s.75@9.25 one
day. why is 1t they have to sell 25@30
cents cheaper few days Iater?" Last
week there was some logical excuse
for the terrific downward fluctuations
in values, since there was an excess Of
supplies Of choice goods, but this
weeks trade has had far fewer cattle
Of big kind Also there has been much
improved demand for beef due to cold
weather, and yet the market has re-
acted frightfully from the condition Of
bloom shown last Monday. One packer
buyers remark, made last week, to the
effect they're lower because we can
put them down." seems about the right
answer to the puzzle which is worry
ing hundreds of men who have pro-
duced big steers this season, having
been induced to feed long time by the
record prices which prevailed at this
time year ago.
Il could take my loss with good
grace If the consumer was getting the
benefit of the decline declared an
Iowan who sold big beeves Wednesday,
but 1 know the consumer isn't profit
ing"
Sheep.
Sheep and lambs suffered a break in
price.
1HuIS udS fresh reCelQtS tOtaleC
around $4,000 head. or more than half
the six-point total, but river markets,
high Wednesday, broke sharply, fol-
lowing up the Wednesday slump here.
There were only sixteen double decks
Of grass range sheep in the fresh local
crop. fed westerns and natives form
ing the big end Of the arrivals.
Chicago Livestock.
Chicago, Nov. 14.-Cattle-Estima
receipts for today. 1000: market
steady.
Beeves :. ................ s.7o@ s.ss
Texas steers .......~..... 600 ITO
Western steers. e.O0@ 80
Stockers and heifers ...... 4.9O1766
Cows and heifers ........ $3.50 8.16
Calves :. ................ 7.00@11.25
Hogs-Estimated receipts for today,
$4,000: market dull and lower.
Light :. .................. 7.so@s.2o
Mixed :. .................. 7.eO@8.20
Heavy :. ................. 7.l508.3o
Rough :. .................. 745@765
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