Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-04-04
EASTERN TRADE DEMORALlZED
BECAUSE OF SHIPMENTS TO
SEABoARD,
DESPITE LIGHT SUPPLY
PRICES CONTINUE SLUMP
Cattle Firm at Best Prices Of Week,
With Few Steers AvaiIable-Sheep
Active at Weeks Top Lsvel-Review
Of Market conditions-current Quo
tations.

Chicago, April 4.-Hogs today We're 5
to 10 cents lower The supply was
rather light but easter trade was de-
moralized because recent advances led
western shippers to send underweights
to the seaboard
Receipts of hogs at $4,000 Thursday
We're nearly 10000 beyond what many
traders expected, and the lay-over-
s.o56-including $500 hogs in transit
from outside markets to eastern points
worked a hardship on the market.
Sales were at $S.6569.45, nothing
late above 1885. and the bulk of Offer
ings at s9.05 @9.25. Pigs were in mod
crate supply and sold lower in SYM
pathy with the general hog market.
Chicago had $4,000 of the 1900
hogs received at eleven markets Thurs
day. while the combined total was only
$4,000 larger than week ago and 1000
larger than year ago. Chicago alone
received 10000 more than week ago
and $500 more than a year ago.
Kansas City received 1000 less than
year ago, Omaha 1900 less. ST. Jo-
seph 5000 less and Sioux City 5000
less.
The first four days of this week
eleven markets received $4,000, or 49,
900 more than week ago and $4,000
a year ago.
Cattle.
Cattle We're firm at the best prices
of the week. Only few steers were
available.
Improved general trading, with
prices 1925 cents higher than a week
a. he cbn iuh$
choice heavy steers at short end of the
advance, may bring out some increased
runs next week. but any very liberal!
gain in supplies will be expected to
cause reaction in the, prices. Killers
are still hanging onto their bearish
sentiment, claiming that beef trade is
on price basis which does not ermti
further prices in the wholesale
trade and that the limit Of the con-
sumers' purchasing power seems to
have been reached. Their arg ument is
to the effect that carcasses are often
losing money, this being situation by
no means looked upon as pleasant in
packing circles. Still. with beef NOV
ing more freely than recently. there is
some general breaking up OF the gloom
(which last week pervadec the trade.
Those on the selling side are Of the
opinion that we'll balanced supply
which last week pervaded the trade
some Of the recent price Improvement.
Oats sowing is engaging the aiten-
| ton of a lot of farmers, Wlo. obserF-
ing that conditions in steer trade are
turning little brighter, may resolve to
keep right on with the rush of sorlEs
farm work and allow their steers 10
pick up a few more pounds in weight
before cashing in. Corn at current cost
| is making beef on a fairly prontaole
basis in many cases, and supply map
by no means indicates a heavy April
movement.
A crop Of $4,000 OF more cattle is
looked for at the start next Week. DIS
result Of better prices recently scored
but the trade is urging owners OF pls
steers to go cautiously In marKetlns
them, since it is a period when only the
right prime heavy grades get at all de-
cent premium over handy fat stun, ana
any little oversupply Of such grades
easily causes them to fall sharply IN
value.
Sheep.
sheen were active at the weeks top
level
Sheep trade Thursday was FEATURED
nv the sale OF a load Of prime Ohio
fed shorn western wethers. averaging
12o pounds at $3.50. This shipment
started to Chicago a week ago las
Monday, being seriously delayed II
transit by floods and a wreck. Severa
other loads of Iowa shorn wethers O
choice class sold at 1925 and some
heavy shorn wethers at $500 were sue!
as sold at Sc Wednesday, and $3.50 {
week ago and $3.50 at lowrttime las
week. Several loads of good shorr
western wethers sold at $500 6.l5
Some very good wooded western weth
ers. avera ging about lis pounds. soii
at 81. and a good 120-pound class a
$500. while other wooded western
wethers of right good class sold a
s6.6066.65. Ewes were scarce ant
strictly choice kinds virtually minus
quantity Some very good natives sol'
at $3.50 and just medium class o
wco!ea fed western ewes at S.. A few
loads OF yearlings got in and a desir
able class in the fleece sold at $7.7
ass, some at the latter price beinl
similar to $7.75 stock here yesterday
and So or better being quotable TO
choice handy weights.