Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-16
'SCAN1Y ARRIVALS
OF HOGS N CHICAGO
PRICES PROMPTLY ADVANCE
WHEN RECEIPTS FALL BE.
LOW EXPECTATIONS.
SATURDAY CATTLE TRADE
PURELY NOMINAL AFFAIR
Narrow Spread Between Medium and
Prime Beef Steers-No M ateriaI Re-
Week Conditions in Industrial
World Stand in Way Of Price Revival

4 HlCdser May lbs CaHl!nSsS OF ar
rivals today caused a prompt advance
in hog prices
\ better movement IN cash pork
products, and early advance in pro-
vision futures and prospects Of COM
parativeIy small receipts next week
added tone 10 ne general situation.
quite sprinklng Of lSlm-7s pound
averages tina; sold al sS.l5. with
more good hogs at $50 than any other
price. and desirable class Of mixed
packing went a, $500 SIS.
Selected light shipping sold largely
Iaround $40 and good heavy shipping
sold az that figure with fair 10 good
heavy packing in small lots al IS O. Q
S.2G
stays we're fully steady and sold
largely at sS.7oGs.s5. Pigs were in fair
supply and ruled steady. going largely
a. $50 $50 for good TO choice.
y total Of 5000 hogs Friday al
eleven markets stood 5000 smaller than
g week ago and 32.0eo smaller than cor
responding Friday year ago. Chi
Cages total vas 2.2O0 smaller than
week ago and 500 smaller than year
ago. While Omaha and Sioux City had
-500 Jess than week ago and 1880
,es= than . year ago
Prediction tina, the common price Of
hogs would go TO IS has not yei been
made good. hut the oracle responsible
FOR i IS seriously regarded. 4 stag
nan, industrial situation IS still the
brake or the Wheel. In Chicago a
brick ward strike OF many weeks dUra-
ton Is playing havoc with retail! trade.
he entire building Industry being tied
I'D Railroad arrangements are re-
sorting 10 strenuous efforts 10 save
dollar and every manufacturer in the
county IS pruning pay rolls export
,rade has dwindIed 70 small volume and
much q the stuff going across the AZ
laotic mas heea consigned instead OF
sold Stocks Of provisions are begin
ming 70 shrink. however. and this
process may BE expected 10 continue,
50 far Ihe MAJ run has not shown
up but packers believe hat il IS OF
is way The country has been busy
win spring work and hogs DO MOI go
10 loading stations when fed "orA
claims attention Quality Is still COM
ing good enough 20 d.scredil any theory
that feed lots are empty. Packers be-
|
ing is completed ,hey will have access
| 10 more hogs and the las, half OF May
witness considerable expension o. he
movement.
Cattle.
Cattle trade was purely nom!na!
"a, baeves Of good finish are likely
70 D.. l3-rIe affected by Argentina com
petition, for long tine off. and short
supplies u The good 10 CHOICE corn
feds hardly warrant pessIuisin on part
! u owners Of that class. PARKWAY fed
stun tie South Dakotas ana Neoras-
IA w!rIe.-ted crop, are pretty well in
NOW. and Illinois Iowa ana missouri!
are also well out Of 1nished beeves,
Svpr,li.. Of that class nave been run
ming short for weeks past, altho. due
70 the nigh retail cost ~ beef. there
! has been an abno-na!ly small demand
{ for these grades in the market. which
! alone Is the factor keeping them down
! in price 70 a very narrow margin over
/ he short-fed goods.
I II = practically only dollar spread
! in ylri..a now FOR medium 20 t.-!,7e beef
steers s.nce the bulk OF me crop going
/ below $3.50 is only % class suited for
! feeders, and where killers get any con-
! s!derab bic quota Of purchases below
ss25 i, is due TO the fact that they
/ possess TOO much weight 70 make them
ar-ract:v. a. feeder purchases.
| The run this week was oy no means
generous Chicago getting Only $500
| cattle in Eve days. against 1885, 4
week ago and IS 90j q year 60. while
six markets have had 1900 in Ave
DAYS :. cut II 6tN and 5000, respec
! lively. from week ago. Under cur
rent conditions effected as trey are by
business depression all over the coun
Try and the great army of unemployed.
liz is = more or less fortunate stu
alton that feeders have no greater sup
! piles Of beef steers ava:la Ole or doubt
less greatly lower prices would right
no7. be in force On the other hand. a
thriving situation in Industry would
have meant q $500 q II. 400 market al
ileast r,r corn feds this season.
| Packers have used the -troentina i'm
ports as club on the market for four
months mast bat it's effect has been
largely sentimental. since the product
lof only a5oII. 1000 cattle has come
from there while the shortage in sup
plies a. the six leading markets for
the year 10 date stands approximately
30. 900.
Looking ahead TO next week. the
trade Is not in expectancy Of material
revival OF demand for any class Of beef
steers and il is going TO require a
small run 70 effect upturn in values,
since killers are running their plants
on q hanG-to- mouth basis and seek
every opportunity to break prices 70
levels that will permit cut in whole
sale and retail prices and thus stimu-
ate consumption. Guesses on the run
next Monday were put at 1900 to 20.
600, ard Il is likely crop near &c
the former volume would suffice to fill
actual trade needs.
Sheep.
Sheep and lambs were snapped VI
in hurry.
The advance this week cannot b.
laid wholly b5' any means. to suppl.
figures. While Chicago has had
few less than last week. the run her
has been about 10000 more than tn
corresponding week last year and tn
weeks six-n1arket supply aggregate
about 100000. against $4,000 last wee
and 10000 a year ago. The increas
has been chiefly of southern Eras
sturs at Kansas City. Eastern mar
kets have been lightly supplied. an
soaring prices there have indicated tn
excellent health the dressed mutto