Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-02-14
TEN-CENT DECLINE ACCEPTED
As LOGICAL FOLLOWING RE.
CENT ADVANCE.
STALE STOCK IN HEAVY
SUPPLY AND RECEIPTS NORMAL
Bulk Sells at ss.15 to ss.25-catt'e
Trade Firm and Prices Is to so
Cents Higher Than Low Spot Last
Week-she.p Trade Looking Top.
heavy-current Quotations.

Chicago, Feb biological reaction
was in operation in the hog market
and 10 cent decline was recorded to-
day. Good shipping hogs sold at 1925
Stale stock was in heavy supply and
fairly seasonable receipts all around
the market circle. The bulk went at
sS.15@S25.
Combined receipts of hogs at eleven
markets Thursday We're 5000, a de-
crease Of 1900 compared with last
! Thursday. 1880 less than a year ago
and an increase of ZOO compared
with two years ago. Total four days
this week footed up $4,000, or $1,000
more than the same period last week.
100000 less than the like time last
years and 10000 more than the cor
responding four days two years ago.
Total offerings for 1913 to date as-
gregated 3,5Sl,O 900, or $4,000 less than
the same period 1912 and 100000 more
than the corresponding time 1911
The regulars have been trying to put
the clamp in soaring values for almost
TWO weeks and did not have their in
ming until late Wednesday and Thurs
day. Spectators. however, did not
plunge, many Of them realizing that
the recent rapid advances have almost
been too good to be true. The rising
markets have been due largely to i'm
proved demand from the east, com :
hined with speculative enthusiasm
OF scalpers and the obvious need oi
hcgs on the part of packers, despite
the bearish front displayed. The run
this week has been more liberal than
last, totaling in four days 1921.
against 11S.405 the first four days last
week, 1850 the same time year
ago and 12s.249 the corresponding four
days two years ago.
Cattle.
Cattle trade was firm at the week
best prices, or 25150 cents higher than
the low spot of last week.
A lot of the good things established
this week can easily be wiped out next
week if there is disposition on the part
Of owners to cash a lot of stuff in q
hurry simply because the price gains
in recent days have afforded nice pro-
fit for the high-costing, fleshy feeders
which were taken out only Few weeks
ago. The excellent beef making wealth
er and comparatively cheap price of
corn would seem to be good argu-
ment toward inducing owners of this
stuff to keep them al home, since it is
apparent that the late winter and
spring markets are going to get no
very generous supplies of beef steers
by reason Of short feeder movemen.
out of the markets in recent months.
This weeks trade has been surpris
ingly good 10 most people operating
on the selling side, but when it is con-
sidered that il is the third consecutive
week OF light receipts and that at no
time this winter have the killers had
big surplus beef stocks on hand. The
fact that receipts are running light is
sufficient reason for an upward price
turn.
Cold weather and disposition on part
Of butchers to cut retail prices from
the seasons highest point has revived.
the beef demand TO quite decent pro-
portions, and all this in spite OF Lent
but the Lenten meat abstinence is
known TO be less effective now than in
years past, and it appears a case O:
small beef supplies and cheaper retail
prices being sufficient bullish factors
to offset the Lenten Dugaboo in beet
trade. Last year prices We're elevated
quite handily during Lent, and there
is no reason to believe now that with q
moderate movement Of steers from
feed yards, recent gains "ill be held
and further advance is not improbable
This will depend upon the attitude
of consumers toward little reaction
to higher retail prices. Much furthe!
rise in beef cost will Goubtless brins
higher wholesale prices and the butch
er being forced to pay a little more fo:
beef will only turn around and mari
up his figures.
She>p.
/ Live muttons were weak, and trade
| is looking top-heavy.