Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-11-04
HOG PRICES DOWN
ON HEAVY RECEIPTS
RUN OF STOCK MUCH LARGER
THAN EXPECTED AND
MARKET sLUMPs.
BULK OF SALES MADE
UNDER EIGHT CENTS
Cattle Market Inclined to SIownsss at
Opening But Improvement Comes
Late-Undsrtons Of Sheep Market
Firm-Review Of Conditions at Cur.
rent Quotations in Livestock centers.

CnlCaSO, NOV. 4.-dOg prices Ue-
clined today. the run Of stock being
larger than expected.
Eleven markets received 1890 hogs
Monday, or $500 more than last Mon
day. $500 more than a year ago and
$500 more than two years ago. Heavy
runs at Buffalo and Pittsburgh caused
the combined increase. OF course. last
years receipts were small owing to the
presidential election the following day.
! most farmers remaining home TO vote.
Total for 1913 to date 20.23s.000. or a.
(; 900 less than same period 1912 and A.
| 600 more than corresponding time 1911.
Cattle.
The cattle market was slow at first
but improved later.
Wisely did the country hold down
cattle supplies Monday to moderate
volume, $4,000 and a good general
market was had all around. Strength
in prices was shown where stuff had
Just the class to meet urgent orders and
rank and file OF medium to good cattle
held steady with the close last week
Medium and common warmed-up ma
ttves, coming in competition with lot
f, of rangers, met dull general demand.
but rarely did they sell worse than
steady with closing rates last week.
Chicago run at $4,000 stood against
33.545 last Monday and 1871 a week
ago, while there was some general i'm
provement in grade, q shorter quota
! Of warmed.up stun being here than
marked the supplies last Monday. Six
western markets had $4,000 cattle.
against $1,000 a week ago and 41,700 a
year ago. when the local crop fell to
1874. There Were generous supplies
east, Buffalo getting ESQ cars. big
number ot them Canadians: Pittsburgh
1900. and other eastern points also re-
ported liberal runs. A lot Of demand
ordinarily filed in local trade II being
accommodated in the east and has
been for some weeks past since buyers
claim prices there are relatively cheap
er than here, and this had effect in
making the local moderate crop full
enough 70 60 the rounds.
Reports from New York are that
small eonEignments Of Argentine beef
are drifting in. practically all coming
by way of England. This beef IL
wholesaling around 10 cents and COM
petes with western and Texas pro.
duct. Last week about $500 quarters
reached New York the larges, weeks
supply to date, but rs this means only
about 1900 cattle imports can not be
regarded As a serious factor in making
prices. A New York advice says that
from Argentina direct before about
Nov. 20. attic heavy shipments via
England may be expected in the mean
time, OF beef originally intended for
the British trade. but diverted to the
United States. One result Of this d.
version is seen in the rise Of Argentine
beef prices on the London market,
where 1t is now selling at 2@S cents
per pound higher than several weeks
ago. This Is an illustration Of the
equalizing effect OF the working Of the
law Of supply and demand. Instead OF
cheapening beef prices here to any
noticeable extent, the placing OF beef
on the free list has simply equaiised
the two markets Most Of Tie imported
beef now reaching New York 10 the
chilled article. Frozen beef IL not md
ing much favor It is good enough eat
ing, but looks bad when defrosted and
customers object to it. It finds Its
only outlet in hotel and restaurant
trade. The imported chilled beef has
| met with somewhat the same criticism
from shop customers because OF It's
! watery look when exposed 10 the warm
| air of the shop, but it is mostly OF ex-
/ celent quality, and the trade Will be-
| come accustomed to its appearance.
Sheep.
The undertone Of the sheep market
was firm.
Supply figures around the western
! markets circuit were not burdensome
at the opening Monday. Chicago re-
] ceipts estimated late at $1,000, were
| not above general expectancy ana
nearly $1,000 short Of the big run a
week ago. while both Kansas City ana
Omaha. with 1900 and 10000. re.
| spectivelv. were light and the six-point
crop totaled but about 10000, against
] 1875. coo last Monday and light run OF
$4,000 a year ago.
AS anticipated late last week, native
stuff was offered here in great pro-
fusion. OF 2ss carloads reported as ar
irving. about IT'S loads were natives
and fed westerns. and there were rev
of the later. About ninety-two double
decks of range stock arrived. but OF
this delegation only few strings Oh
wethers, few odd loads of yearlings
and an occasional decent killing lot OF
ewes were fat enough to merit respec'
from killers. it being, in the main.
display Of light feeding lambs. feed
ing yearlings and thin ewes.