Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-05-17
HOG PRICES HOLD
DESPITE HEAVY RUN
RECEIPTS ON CLOSING DAY OF
WEEK MORE LIBERAL THAN
EXPECTED.
DEMAND FROM SPECTATORS
AND SHIPPERS CONTINUES
Cattle Trade Lacks Vim and Large
Offerings Next Week Will Mean
Lower Friees-Sheep and Lambs
Quoted as Steady-current Quota
tons at Livestock centers.

eral for the closing day of the week,
prices. held. There was a demand from
shippers and spectators.
Receipts Friday We're estimated a,
$4,000, but late trains indicated il might
run over this figure. Five days this
week l19.100 hogs have been marketed
at Chicago, an increase OF $500 over a
week ago. a decrease of 1880 from a
year ago and $500 from same period
Two years ago
Cattle.
Cattle trade lacked vim. Opinion was
general that in large offerings next
week would mean lower prices
This week the runs have been very
'ncdertae-only e9.200 cattle have ar
rived a, Chicago in five days against
1855 a week ago and 31,0S7 a yea,
ago. and yet this crop has been more
Tran needed. Al six markets the five
day run stands aS.000. against 121 900
a week ago and $4,000 a year ago.
Whether the southern stiller supply is
making up al the deficiency in pur-
chase requirements or beef demand IS
shrinking is q question which will oe
solved in the immediate future. Near
time the killers are riding easy and SO
with the eastern shippers. They have
faith in liberal movement of cattle
al least ali that is going TO ne needed
for several weeks off, and having brok-
on prices once more 10 the seasons
lowest level. there IS little disposition
20 loosen the killer grip on the market.
L can be broken only by the country
choking off fresh supplies and feeders
busying themselves with corn planting
operations. Cattle in pasture or those
in feed yards which are not in finished
condition can take on weight a rea-
soDably cheap cost, and their contin-
uance on the farms seems a better bus
mess policy than liquidation into
market which already shows strong
signs Of having fully enough supplies
TO balance beef trade needs.
Choice grades have held some Of the
price appreciation made early this
week by reason of their scarcity. Quel-
iry is running lower than previously
this season. and this is indicative OF
shortening country supply of long
beeves. which, with the trade once in
fir,ner condition. ought to help prices
for best kinds. On the other hand. I'M
certainty over the future is causing
lot of cashing in Of habitat stuff. and
with these likely TO meet Texas compe-
tition of strong force during the next
few weeks the market is anything but
prospective of strong reaction in val
ues.
Price spread widening Is seasonabts,
but still II is narrower range than a
year ago, and tendency OF the market
judging from present status will be TO
develop q still wider range between
common and choice beeves. 1t is low
er trade for tops now than was the
case just a year ago, when high point
stood $3.50, top for the year up to thai
time, against high spot of SO this week
Or the other hand, the light and low
quality steers are still showing Is q 20
cents gain over prices paid for them "a
this time last year, and bulk OF the
general supplies this week selling
within a spread of s1.60G8.6 stood
against s7.35 s.75 a year ago.
Still when 1t is considered that cur
rem. steer supplies are averaging con-
siderably heavier in weight than al
this time year ago. and dressing out
to . per cent higher in the beef. cosf
now is relatively much lower than the
price comparisons would indicate.
The trade is looking for a run Of H.
900 TO 10000 next Monday. believing
that rush OF farm work and the severe
bearish condition Of the market now
will have tendency 10 put check on
car orders for delivery at loading sta
,ions today and sunday. Last Monday
the market had 1885 and it proved
heap. A year ago next Monday crop
of onIv 1882 was marketed and that
was largest one days supply until
June II. 1912, when 22,543 arrived
while from then on to the end Of Octo-
her there were only a dozen market
DIVE when receipts ran upward Of 90
90.
Sheep.
Sheep and lambs were quoted as
steady. Most of the arrivals were coii'