Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-05-07
HOG MART LARGELY
1 WAITING GAME
LIBERAL RECEIPTS IN PENS AND
BIDDERS DEMAND CON-
cEssIoNs.
BULK OF SALES MADE At
PRICES FROM 1885 TO ss45
Ono Load Of Fancy Lights Sell at ss.55
Cattle Receipts Too Heavy and
Prices Fail to Neutrality-suspicious. Gen.
orally 10 Cents Lowsr-Slaek De.
mand Lowers Wheat Prices.

| Chicago. May 7.-One load of fancy
light hogs brought $3.50 today, but the
bulk of sales reached only sS.35 to a
dime higher. Liberal receipts we're in
the pens and the market was largely
d waiting one.
Seventy four thousand hogs arrived
at the eleven leading markets Tues
day, being 1900 less than a week aga
and 1000 more than corresponding
Tuesday year ago. Chicago had i
few hundred more than week ago,
While practically every other market
on the map showed a decrease.
Kansas City reported 5000 less than
d week ago, Omaha 1900 less and Buff
falo 400 less than Tuesday of last
week.
The first two days Of this week
eleven markets received 10000. or &c.
coo less than a week ago and 5000
more than a year ago. Chicago's total
first two days of this week was $4,000
smaller than a week ago and $500
larger than year ago.
Ii is said that hogs at present are
killing out with a margin of profit for
the first time in some time past
Cattle.
Cattle receipts were too heavy for
prices to hold and the market was
weak to 10 cents lower than yester-
days average. Most of the run was
toward beef steers.
Eastern beef trade is reported in
meaner shape now, and this is factor
which must be reckoned with. while
locally the killers are showing ability
to get along on quite moderate sup
plies. They need the crop coming, but
SO we'll balanced are killers demands
that the least overSupply calls for .
sharp downturn in values, and it would
require only few thousand more cat
de than needed later this week, the
traders declare. to put values for bulk
of steers down to the level shown at
the outset last week.
Current rates are mainly % cents
higher for bulk of steers than noted,
and there have been sales of the right
choice grades of late at sS.65@S.9O.
which showed greater gain. Light
lower priced steers, as well as the
plain weighty grades ranging down t.
$500 and under, are showing hardly %
cents gain over low point. and these
are most susceptible to sharp reduc-
lions in value should an oversupply
naterialize.
The yearlng demand holds strong
where baby beeves possess prime grade.
This was demonstrated Monday, when
prime S00pound yearlings sold at
$3.50, and some others at $3.50. but
there is strong discrimination against
the near-yearlings which are lacking
in strictly good quality.
Recurrence of big shipping from the
corn belt in the next few weeks would
be poor policy on feeders part Pack
ers and the eastern killers are already
buying lot of distiIlery steers in Ken
lucky and Tennessee, which are being
moved to the east, and every bullock
out of those states serves to create de-
mand for one less in the local trade.
1t is time of year when the Kentucky
distilleries must close down, and $4,000
cattle fed slop in that state this sea-
son will move freely for the next TWEEN
~ to thirty days.
Sheep. -
Slackness Of demand lowered sheep
prices. Colorado lambs We're in best
demand and il is expected that this
week will about clear the pens of them.
Some inquiry is developing for shorn
feeding lambs, but buyers are insist
ing that good class should be bought
at $1,000 5.25, tho nothing decent has
been available below $3.50 in that line
here thus far this spring. Promise
of free wool is inclined to deaden in
veStment demand in feeders at this
time bur good grass and high prices
being paid for grazing cattle are turn
ING some buyers who want stuff to
stock pastures to inquire for lambs