Evening times-Republican., 1913-11-06
GOOD SHIPPING DEMAND AND
LIGHT RUN RESULT IN GEN.
ERAL ADVANCE.
BEING MADE
LOW POINT Is YET TO COME
Some Guessers Forecast That Values
Will Drop to 500 to $7.50-GsnsraI
Cattle List Steady-Lightness Of Re.
eeipts Make Wheat Hiaher-currsnt
Quotations at Livestock Csnters.

Chicago, Nov. 6.-Good shipping de-
mand and light run advanced hog
prices today.
Combined receipts at eleven points
first half the week totaled $4,000,
showing an increase of $1,000, COM
pared with week ago and 10000 gain
compared with year ago.
Inc general average price Of hogs at
1852 Wednesday stood II cents lower
than Tuesday, 46 cents lower than a
week ago and % cents lower than a
year ago, being lowest day since Feb 1.
Wednesdays top at s7.S5 stands s1.S5
lower than high point of the year and
the average at s1.6S below the high
average for 1913. which was on July IS.
The supply Of pigs here was fully
equal to the demand and In sympathy
with the tendency in the hog market.
prices were weak to 25 cents lower
selling largely at $6@6.5O.
conviction exists in trade circles
at the stock yards that the hog market
Is headed downward to a $7@7.50 basis.
Getting in the way of the big packers
when they are engaged In the revision
process will be dangerous. Spectators
who tried that stunt had to cash in
early purchases at a 20-cent decline,
which will be calculated to repress any
latent bullish effort the rest Of the
week. However, the uncertainty Of the
game is what makes the speculative
game fascinating, and "the boys" may
be expected to take a hand right along.
Cattle.
In cattle the general list was steady
All the strength shown Monday, and
most of it that cropped out late last
week. has been wiped of the slate.
Traders generally called 1t market
not much different than one week ago,
but there were exceptions in the case
of stuff selling down around SS and
under. these showing even q lower
basis than noted Wednesday OF last
week.
A greater showing Of high quality on
Wednesday has not been noted in the
market in many weeks past. There
were acres Of good to choice 1900 to
l,4oo pound steers and a lot Of choice
to prime 1,450 to 1900 pound bullocks,
as we'll as fair crop Of prime year
hngs, tho nothing as fancy as the baby
beeves landing here last Monday and
making $9.S5 was offered.
Illinois and Missouri contributed big
gest quota Of prime goods. There were
many as we'll from Iowa and excuses
offered by their owners for shooting so
much Of the stuff over on one day were
many. Most feeders. however. simply
stated It their belief that the run would
not hold very liberal quota Of high
class stuff, and. therefore. they re-
solved to come on with theirs. One
Illinois feeder, with a reputation for
making prime big steers. dumped a
twelve-load consignment onto the mar
ket. Many other big feeders sent three
to five load lots Of near toppers. "Corn
Is working higher. 1t has gone up 5
cents a bushel with US in the past few
weeks. and our people have resolved to
let their long-fed steers come" re-
marked an Illinoisan. Heavy cattle
market is not showing the strength a
lot Of US thought it would and we're
that do not pay their board in the feed
yards at this time"
Killers and shippers did not endeavor
to cover up a need for generous crop
of big choice steers, as well as the
handy kinds, but being given an op-
portunity to corral a great host Of this
stuff in one day, when excessive sup,
plies Of all kinds made lower prices
logical they hammered the choice ones
along with mediocre kinds
Sheep.
Lightness of receipts made sheep
higher.
Six markets were credited with 81 :
500 Wednesday, against $1,000 week
ago and 72,50O the corresponding We'd
nesday a year ago. Combined Offer
ings the first half Of this week aggre-
gated 100000, or $4,000 less than same
period last week and $4,000 more than
corresnondine three DAYS last year.