Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-08-07
RADICAL ADVANCE
SCORED AND NEW HIGH LEV.
ELS ARE REACHED.
MARkErlNGs CONTINUE TO
BE coNsERvATW2LY SMALL
Bulk Disposed of at Prices Ranging
From $3.50 to Seattle Market Also
Shows Strength = Sheep and Lambs
Steady to 10 Cents Hisher-curren
Quotations at Market Centers.

scored at the opening. a few lots OF
selected lights attained $40 but bulk
of moderate offerings We're disposed OF
within range of $3.50 to So
total of $4,000 hogs at the eleven
markets Thursday was about a decent
sized Thursday run for Chicago alone.
The combined total at eleven points
was 1900 smaller than week ago
and 1900 smaller than corresponding
Thursday a year ago. First four days
of this week combined receipts at all
points We're 10000, or $1,000 less than
a week ago, and 162, 900 less than a
year ago.
Advance of p az cents per pound in
cash pork products and 50 cents to
s1.25 gain in provision futures on
change kept the pot boiling late in
the day Thursday Most of the 200"
carried over We're held off the market
largely on orders from the country.
Bulk of sales Thursday were at $50
ASS. with top of S9.15 for fancy
light shippers.
While the top is within 10 cents of
high point of the year, the general run
of hog sales. more particularly heavy
and mixed packing, are 80 cents
lower than July %, when bulk of sales
were at sS.s5@9.l5. The range of prices
at present is very wide and county
shippers require good wide margins on
the rank and tile' of the hogs coming
to market.
With fresh pork vending at famine
prices the big slump in hog values ap-
pears to have struck bottom. While
hogs We're dropping 81 per cwt, the
wholesale price of fresh pork loins adj
vanced to 10 cents per pound
This was due to the fact that pack
ers have been buying enough hogs to
satisfy local demand. The country, af-
ter being mulcted heavily declined to
continue forwarding, and supply has
dropped to meager proportions.
Allowing for seasonable curtail-
ment, 1t is evident that the grower has
put stock under lock and key, refusing
to contribute to a bargain sale. Hogs
have suffered most vicissitude at the
stockyards since the financial furry
| began, and the trade is confident that
| the depreciation will. be repaired as
soon as conditions become normal.
Cattle.
The cattle market showed more
strength than in recent days, and the
meager offerings were well disposed o!
at strong prices.
The little betterment in the situation
Thursday could hardly be looked upon
as significant of generally improved
conditions surrounding the trade
Obviously, the situation east is not
clearing UP to any great extent and
! beef plentitude is written all over that
| arrit he far
cost at retail is checking consumer de-
mand. Less Argentine beef Us on sale
there now, and prospects favor prac-
teal elimination of this stuff from the
eastern markets as result of the war in
Europe Imported beef has been COM
! ing III British vessels and the path
| from Buenos Aires to New York is
likely to be patrolled by German scout
cruisers in prey of war prizes. English
cruisers would necessarily have to con-
! voy Argentine refrigerator ships thi:
way. and that beef is undoubtedly
needed more urgently in England now
and will be later than Is the case here.
Supply situation locally and in the
| west is such as should give the trade
some incentive for a little recuperatior
from recent weak spell. The Chicago
run this week stood 10000 in four days
against 31,465 a week ago and 1920 {
year ago Only $500 cattle arrived a.
six markets for the Thursday trade
against $500 a week ago and 1880
a year ago, while for the four days thi!
week six points total stood $4,000, de
crease of Is, 900 from a week ago ant
10000 a year ago.
Tight money has been a source o
worry TO the local killers all the weel
and in some measure has accounted TO
their desire to do small business. Tn
situation, however, appears to be cas-
ing up bit and with the arrival il
Chicago OF S50.000.000 new currency is
sued fv the government, considerabl
betterment in the financial situation
: should be felt locally and in near-b.
country.
Banks which put the clamps dow
, on the speculative contingent in trad
locally as we'll as west early this weel
are reported to have loosened up bi
. and this should afford a little free
: competition in the trade from now or
Heavy fills this week have, of course
retarded activity in trading, but it wa
not this feature alone which cause
late packer buying. Coolers here an
in the east have been claimed to hold
fairly liberal crop of beef. enough s
at least to take care Of current de
mands, and until there Is freer move
| ment of the stuff into the consume
| channels, conserving Of supplies in tn
! country, particularly the medium an
plain steers, is going to be good polio!
!, Sheep.
Sheep and lambs were steady, an
= best sold 10 cents higher.
1t became apparent here on Tuesda
e that packers tight grip on the mark'
was being weakened. On Thursda
: they avoided advances on good lamt
merely by letting outsiders take Their
}. but today it appeared either case {
get busy or let their trade go glimmel
# Ing, and the chose the former course
Only about 1000 head arrived Thur:
If day including three loads direct
It packers, run Of sernifamine proper
g lions such as was the marketing hel
during the first half OF the week
= made a four day total Of only $3.50
ii head. an abnormally light supply q
,; an August week and one about $50
% short OF like period last week and mo-
ut than $4,000 short Of q year ago. MI
l. souri, river markets have attracted re
atively better supplies than Chicago