Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-11-22
LIVE HOG VALUES
PARED STILL MORE
RECEIPTS ON CLOSING DAY OF
WEEK LARGER THAN ExPEc.
TATIoNs.
DISAGREEMENT IN VIEWS
ASTo FUTURE MARKET
Cattle Offerings Of Plain Gu atty Holt
day to Affect Next Weeks Trade -
Sheep and Lambs Readily Disposed
of-Review Of Market Conditions
Current Quotations.

Chicago, Nov. 22.-Hog prices weak
/ ened today on account of greater ar
rivals than expected.
| Eleven markets received $4,000 hog.
! Friday, or $500 more than last Friday
/ $4,000 more than a year ago and 2S,.
! 900 more than two years ago. Tota
five days this week, 5sS,OO0. or 3d.
! 600 more than same period last week
$4,000 more than like time last year
and $4,000 more than corresponding
! five days two years ago. Total fol
1913 to date, 21.776,0O0, or $4,000 more
than same period 1912 and $4,000 less
than corresponding time 1911.
There is a conviction among hog
traders that the new crop will show
up at market early and deficient in
weight, and that large proportion OF
the yield will go into immediate con
sumption, consequently a carry-over OF
this years accumulation would be
inconsequential. Many growers have
listened SO intently to the bear talk
OF the packer, that they are not In
the hurnor to put on weight and this
has been responsible for the large per-
centage of $50 to pound shoats OF
the new crop In the run. Packers may
discover eventually that they have
been queering their own game by In
dulging in such lugubrious forecasts.
Cattle.
Cattle on sale were OF plain quality.
The weather, which has been warm :
est in years, has had great effect on
demand for beef Despite the moderate
supplies this week prices Were forced
lower owing to the slack demand from
all sources.
Supplies Of poultry have been quite
large, and this was another bearish
factor in market circles. Even the
prime yearling cattle had to sell lower
this week Declines for this grade be-
ing mostly 1O@20 cents from a week
ago. Yearlings at $3.50 on Wednesday
were kind which were feedyard mates
of the 1918 drove sold two weeks ago,
which was top price OF the year. and
Wednesday arrivals were called best IN
class. The yearling stuff lacking prime
grade shows even a worse decline,
many medium to good warnings being
down 3O64O cents from top levels OF
the season. All the heavy steers. com-
mon, good and choice, are at least %
cents lower now than the close last
week, and they are 35M40 cents off
from ten days ago while extreme
breaks Of '5o960 cents. and even more,
from the seasons high spot have been
shown for the rank and file of big stuff
during recent days
When a lot of big cattle have to go
down from $500, it is significant that
demand for them is in somewhat de-
moralized shape and there is certainty
that a worse state Of affairs will pre-
vail here next week unless receipts OF
big cattle are trimmed down to very
small volume. Market VIII be closed
next Thursday - Thanksgiving day
and there will also be no slaughtering
in the east that day. This is bound to
effect a short shipping demand for cat
tie next Monday and that market is
goin to need far fewer than 10000 ar
rivals, according 20 traders views, II
there is to be anything like decent
price basis established.
During the first five days this week
there have been $500 cattle marketed
al Chicago, against $500 a week ago,
e9,4 O1 a year ago and 62,127 the same
period two years ago. At six markets
Friday there We're only i,l6G cattle,
comparing with 5000 week ago, TO-
200 a year ago and $500 two years ago.
During the FIVE days of the week there
were $50, 900 cattle marketed at the six
principal markets. against $4,000 a
weeks ago, $4,000 a year ago, and 49,
900 two years ago.
Sheep.
Sheep and lambs were readily dis
posed of.
Only about 1850 head of sheep
and lambs have reached Chicago this
week, or $1,000 less than last week and
68, 900 less than year ago, while the
combined marketing at six western
points has been but $4,000. or 121. 900
less than the week previous and 10000
less than the same week last year. The
local crop has been the shortest for
any week since August curtailed mar
ketings having followed the wrecking
Of values beginning on Wednesday Of
last week and eliminating in the grand
smash of last Monday.
What would have happened had not
the country put the lid down tight on
marketings following Mondays thor
oughl,- demoralized trade nobody pre-
ter6s to know. Such fat lambs as
killers bought that day We're so TO SO
cents lower than Friday of last week
and fully 1926 to $3.50 lower than the
/ bounding market OF Tuesday Of las,
week Close to 10000 fresh and stale
offerings went unsold, sellers refusing
t to grant such ruinous declines, and 1,
was not until Wednesday when the
{ last Of the stale stock had been dis
posed of. some of it having been here
/ for q full week