Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-11-18

Chicago, Nov 1S.-Liberal receipts
of hogs today all over the west forced
prices here much lower
A healthy hog trade indication is the
firmness with which cash products are
held and the healthy character OF the
spot market. Whenever the investor
realizes that hogs have had their break
he will get into the market with both
feet. The most convincing assurance
that the bottom of the slump has been
uncovered is fourd in the fact that they
will be competitors among themselves.
While the gentlemen's agreement popu-
larly supposed to exist among them
may not be seriously violated. it will
doubtless fail to prevent each house
from making an heroic effort to get 4
share of the pick OF the crop. Let the
fact scar itself into the minds of Amer
lean hog growers Hog product can be
manufactured on this side of the At
lantic on basis of 10 cents per pound.
In Europe ii is worth twice that sum on
a wholesale basis.
Packers have done their worst in the
hog market and million dollars could
be readily waged at market centers on
the affirmative side of proposition that
prices will trend upward except on a
few days of excessive receipts when the
buyer invariably takes advantage of the
traders opportunity.
Cattle.
Cold weather failed TO broaden the
demand for cattle.
We can't sell all the heavy beef
here said packer buyer, and by
reason OF no shipping outlet il can not
20 into New York kosher trade, since
the kosher beef for tina, marke: must
be koshered in New York houses. This
cuts out Chicago as supply point for
New York kosher trade
Here, then, is a logical explanation
of the situation as It exists owing to
the federal embargo on outgoing ship
ments of live cattle Ii is forcing a ter
rife loss in values for heavy steers
here merely because run OF proper
ton that would ordinarily be called
very light is at the moment proving
far too big for the local demand.
Killers report no beneficial effects
showing in beef trade as a result OF the
winter weather OF the past two days,
claiming that consumer prejudice
against beef is strong as result OF the
disease outbreak, and with the Thanks
giving turkey season in close proximity
beef trade is expected to get a little
strength in the next two weeks, tho
thereafter the killers demand for fancy
Christmas beef will loom up.
This year with the International
show abandoned the carlots fed for
that event will. OF course, come forward
10 market in the usual course of bust
ness. tho it is likely that bulk of the
stuff fed for the show will be here in
the first two weeks OF December, but
II the conditions then are not improved
over the present state OF affairs a sad
looking price list will be in prospect.
For the present caution in marketing
is imperative, and probably the trade is
more or less fortunate that federal
guarantees are still in force in Iowa
and Wisconsin. Certainly the market
this week could not possibly have used
any more cattle than have arrived.
since a considerable quota of heavy
goods was left in the pens late Mon
day. and that was condition again at
the finish of the deal today.
Sheep.
There was no urgent call for sheep
or lambs.
Market conditions, neither present
nor prospective. appear TO warrant the
shooting of thrifty. habitat sheep or
lambs 70 the shambes at this juno.
ture. Dressed mutton trade win pick
up when newspaper agitation and pub
lie fear of diseased livestock and meats
subsidies and the oncoming poultry
season passes. This is certain and will
be aided by the continuance of snappy
weather The shortage in the number
Of sheep and lambs being fed for the
winter market is known to be of ma :
terial volume and needless sacrifices
of stuff that Is just in shape to begin
"a creditable feed-lot performance does
not SAVIOR of good Judgment. The mar
ket is now high, but In all proba ABILITY
would show a severe, II temporary
break, in the event Of sudden ma
terial swelling of supply which might
come any day after the lifting of the
quarantine against Iowa, Wisconsin,
Michigan, Indiana and Ohio, from
which states, with Illinois, the trade
must look for the bulk of its sheep and
lamb supplies for the next sixty days.