Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-05-02
AS RESULT PRICES EASE OFF 5
TO 10 CENTS BELOW THURS.
DAYS AVERAGE.
QUIETING OF SPECULATIVE
ACTIVITY ALSO A FACTOR
Small Run Holds Cattle Prices Steady
Range Of Values Lower Than Last
Weeks cIoss-Shssp Receipts Mod.
crate and Prices RuIs Steady-Cur.
rent Quotations.

Chicago. May Failing off in ship
ping demand and quie;ing of specu-
iatl'e activity lowered hog prices to-
oat. Prices eased off from - 10
cents below yesterdays average
Eleven markets received $4,000 hogs
thursday, being 5000 more than a
week ago and $4,000 less than a year
ago Chicago's total at $4,000 was 500
larger than a week ago and Is 600
smaller than year ago. Kansas City
nd 5000 less. St Louis 5000 less and
Omaha $500 less than corresponding
Thursday year ago
Cattle.
A small run held cattl. prices steady.
The range of values was lower than
last weeks close but steers picked up
little.
Market is still down 15a25 cents
from the high point early last week.
and bulk OF business in good. heavy
and handy steers this week was at so
a 81 cents decline from rates current
just ten days ago. That there will be
recurrence of lower prices early next
week seems a certainty If the country
again resumes liberal marketing. A
loss of all the gain made since. last
Monday can only be expected here at
the star, next week if the supply is the
least hit above actual demands. There
will be no occasion for repetition of
las; Mondays excessive marketing.
Tax time in South Dakota. which
forced out 5000 10 5000 cattle from
that state last Monday. passes today,
and DakotanS who shipped to escape
paying taxes on their steers, amount
Ing 70 about 1928 per head. and took
last Monday around s. per head less
for them than the stuff was worth
week previous will have no occasion To
repeat the dose. That was paying
taxes at the wrong end OF the line. and
should serve as lesson TO keep the
run Gown next Monday.
Fear of free meats damage should be
put 10 one side and consideration Of
the effect of big shipping on present
day profits is what the country should
bear in mind. Marketable supplies Of
beef Steers for the next thirty TO forty
DAYS are going TO be generous. but
there is reason TO believe that the de-
mard will be able 10 consume them on
basis Of good prices. provided the trace
is supplied moderately and not bur
6eneC Win SOCN an eAGsSSiNe Jds ~
beef as came at the start this week.
Bear in mind also that cattle are run
ming far heavier in weight than any
time in months past. In April the
average weight OF steers was l.otV
pounds. against s2e pounds in March
and 9a9 podunds in April, 1912. Here
was an increase of III pounds to the
steer over a year ago. while some few
thousand increase in April recelpls
yell emphasizes the extent OF the peer
supply which has been handed the
market in recent weeks. Beef demand
has NOT gone groggy at that. but sun
holds I'D in fair shape. altho excessive
supply can only have the inevitable re-
sui, Of forcing declines.
# the trade get 10000 or less cattle
AZ the start next week. sellers believe
there will be fair prospect of maintain
ing current bettered prices, but run
much above that volume Will surely
cause another demoralized situation. Il
* time for caution and Strengthening
Of confidence in the future OF the mar
ket.
Sheep.
sheep receipts We're moderate anu
:. q,