Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-08-02
RECEIPTS PROVED LARGER THAN
EXPECTED AND IN EXCESS
OF DEMAND.
FRIDAYS LEFT-OVERS
CONTRIBUTE TO DECLINE
No Fresh Cattle on Sale and Market
Was Quiet-sulk of Sheep and
Lambs Arriving Went Direct to
Packers-Review Of Market Condi.
tons-current Quotations.

Chicago, Aug. 2.-Hog receipts to-
day proved larger than expected anr
there was quite a big left over supply.
Prices, therefore. We're lower.
Packing classes met with an indif-
ferent demand all day and some COM
mon to fair offerings remained I'M
scld. Pigs We're in comparatively short
supply and met with a good demand at
strong to higher prices.
Quite a few pigs have been arriving
lately and traders think they are forced
on the market by country owners being
scared of cholera that is prevailing in
parts of Illinois and Iowa. Not many
big hogs show disease, according to
packers Now and then sick one is
among the load, but not always af-
fected with cholera.
Hogs have had a sharp break. the
decline being fully 81 per cwt in the
case of a lot of packing and rough
stuff. but this is seasonable and is re<
garded by the trade merely as be-
lated reimbursement. Choice hogs are
only soc below the high spot. but most
of the crop shows soc decline. There
were signs yesterday that bottom had
been struck, as buying was free. the
price list has undergone some radical
revising and the spread is the widest
Of the season. Such packing grades
as are now selling at 1926 QS.oo look
soc per cwt below the July high spot,
and dogs" have lost 50 per cwt In
some cases: in fact, there is no reliable
market for trash.
Cattle
SAFE.
Most Of the sheep and lambs arrlV-
ing went direct to packing houses.
A class of mean acting cattle is the
kind selling below s7.75 that are not
eligible to feeder competition by reason
of deficient quality. They are IN oecen'
condition but plain or coarse ana such
stuff shows the full so cent decline LOT
the week. Unless 1925 q 7.65 cattle are
good enough for feeders they are $40"
sellers as they are getting no coh'pe-
tition from cheap southwestern grass
ers at other markets.
Rain over the corn belt VIII De loe
salvation of the prices between no" soo
next Monday. Without II the tFaoe
looks for generous runs at al poAnw
that day, liquidation being imperative
in many quarters, because pastures are
practically gone. Given supply much
above $4,000 next Monday the market
can only De expected to go still lower,
but rain falling between now and
Sunday would doubtless cut receipts
below that volume.
| Sheep.
| The trouble with the market this
week has been an oversuppIy Of fat
classes. Had the range contribution
carried 10000 feeders. the situation
would have been relieved, as feeder de-
mand has been by no means met, while
the run of fat stuff has been decidedly
| burdensome.
| Prospects for next week can not be
considered as fla1ering to the selling
side. The break is naturally counted
upon to check the native run but moro
range stock is in sight than arrived
this week and unless the percentage
of feeders increases. fat stuff will be Of
fered in profusion. A lamb trade from
1916 down has been established at
Louisville. but as that market and Jer-
sey City are now getting practically
nothing but seconds" the selling side
is hopeful of an Eastern shipping de-
mand for fat classes to develop here
within the near future that ought to
have a good tonic influence on the
market.
Just now feeder demand is the one
! bright spot in the trade. Desirable
feeding lambs sold here yesterday al
s6S0@6.S5 when killers were paying
only s7@..25 for fat range lambs, ano
the price comparison indicates now
hungry feeder buyers are. Further ma
terial damage thru hot, dry weather
would throw a damper on feeder buy
ers' enthusiasm, Dui as nearly Ger
boav who fed anything ovine last Neai
made good money, a lively demand IL
expected all season from the countr!
especially as feeding cattle are Still
high and scarce regardless of then
break this week.