Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-04-14

OVER SUPPLY OF CATTLE
CAUSES SHARP SLUMP
Steers Largely Predominate in Offer
ines, Iowa Being Well Represented
Sheep Prices Steady to Strons-Pro.
portion Of Shorn Stock Largest Of
Season.

today on a light run Weight still
gains, the average for last week being
242 pounds, against 241 the previous
week.
Receipts of hogs at Chicago stock
yards last week totaled 1o5,100, or So
700 less than the previous week. $4,000
less than year ago and $4,000 less
than the corresponding week two years
ago.
Estimated average weight Of hogs at
Chicago last week was 242 lbs, or ID
heavier than the previous week Il lbs
and lbs heavier than the CORES pond
ing week two years ago.
Top hogs al Chicago last week s9.40.
or SOC lower than the previous week,
s1.35 higher than a year ago and 1855
higher than two years ago. Average
price figured s9.15. sc lower than the
previous week, s1.35 higher than a year
ago and $3.50 higher than two years
ago.
Eleven markets received 3010o hogs
Saturday making $4,000 for the week,
or 1900 less than the previous week.
81 900 less than a year ago and $4,000
less than two years ago. Total for
1918 to date, -.l51, 900. or 1,172 900 less
than the same period 1912 and $4,000
more than the CORES ponding time 1911.
Cattle.
An oversupply of cattle caused
sharp drop in prices. Steers largely
predominated in today's receipts, Iowa
stock being we'll represented.
Until the distilleryfed crop comes
forward in generous volume the market
is not likely TO get any material over
supply Of choice beeves, and price re-
which may be brought
about by liberal supplies Of southwest
ern stuff having influence in the next
few weeks is more apt TO hit the in
between and common beef steers than
the Well finished ones. AT least this is
the view held in conservative trade
circles.
Lessening Of the feeder buyers grip
on the trade for the lower priced grades
has been no small factor in giving
killers dominance over the lower priced
steers, but the feeder situation is a
quite changeable one at This time and
a renewal Of good demand for weigl.ty
steers to run on grass q few weeks this
spring doubtless would again prove a
price strengtheniH influence in The
market for light stuff.
The tariff changes destined 10 effect
both meats and cattle are causing some
uneasinecss in trade circles. and sspeci-
ally is this true of having effect on long
range forecasts Of market conditions. /;
is believed that the South American
meat in fair volume could be landed
at seaboard markets within few
weeks after passage of the proposed
free meats bill. while Canadian feeders
Of cattle doubtless would readily pay
the proposed 10 per cent duty IN ex-
portations into this country and give
our markets thorough try-out Thess
prospects are having some Influence ~
certain quarters il checking feeder
cattle BUYERS enthusiasm with regard
TO future profitn'a King prospect.
Sheep.
Sheen prices we're steady 10 strong.
Offerings were light and the proper
ton Of shorn stock was the largest OF
the season.
Loading in Colorado for this weeks
market has been heavier than one
week ago. hut no big supply from any
source seems probable for the coming
week. The available supply is IN
strong hands and if eastern dressed
markets can be held AT their present
high level. the trade has little to fear
in the way of sharp lasting declines
for stock on foot for the near future
as any severe break aill promptly
check the marketward movement.
However, prices are on very high
basis and the turn for the worse in
dressed trade conditions since Wednes-
dav. with the heavier western slaugh-
ter last week than previous, might
easily create an overburdened dressed
market that would easily result IN de-
cines which would temporarily affect
hoof prices.