Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-30
RESTRICTED DEMAND
CAUSES LON PRICES
CLOSING OF PACKING HOUSES
cURTAlLS DEMAND FOR
NV Hoes'
DECIDED SETBACK IN
VALUES As CONSEQUENCE
Cattle Trade Only Normal - Slack
Fesder Composition Puts Killers in
Position to Hammer Market-Sheep
and Lambs Consigned Direct to
Shippers-Current Quotations.

Chicago, May SV.-In account "a
packing houses here being closed today
demand FOR hogs was greatly re-
stricted. Accordingly prices suffered
q decided setback.
Receipts Friday were estimated at
$4,000 early and later raised to $4,000,
which was about as expected. but
layoyer of e,152 from Thursday was
used as a club by the packers. Warm
weather and little demand for pro-
ducts, along with a lower provision
market, gave packers good material 10
bear prices. Top Friday was sS.27, as
low as any have sold this week so
far. Late in day sales or the hlnd
looked very high.
Arrivals Of hogs for the first FIVE
days this week to,aled about l2o.4oo
head. being 24,sG0 more than same
days last week. $500 more than year
ago and 1e, 800 less than correspond
ing period two years ago. Packers
were not very anxious to get hogs as
killing floors do not work today
Decoration Day.
Eleven markets received 6STo1 hogs
Friday, or $500 less than last Friday,
$500 more than a year ago and 500
far this week. $4,000, or $4,000 more
than same period last week 700 less
than like time last year and % 900 less
than corresponding Ave days two years
ago. Total for 1914 to date, 1851 900,
or 461 900 less than corresponding time
1912.
Cattle.
Cattle trade was only nominal.
Total Chicago supply this week
stood 42,7OO for five days, against A.
SO. a week ago and 47,43S a year ago,
while the six markets run OF 10000
shows 5000 gain on last week and g.
900 cut from a year ago.
Prime heavy and handy steers hold
ing their own, with strong prices paid
the week before, as well as the choicest
grade yearlings. simply means that
these kinds are coming in volume only
to match the trade needs. but the de-
: cline on all others, which was sta1ted
Monday, when q steady to 10 cent low
er deal was had and later another 10
cent cut forced for the bulk on We'd
nesday, we'll evidenced the killers dom
nance of the situation.
Water weights, OF course. have beer
a material factor 10 be reckoned with
by killers. They paid for more water
this week than any previous period thi:
season and dead costs on killing sheets
hardly match up IN as strong decline
Vas quoted by the trade.
Slackened feeder com petition has put
killer IN position 20 hammer the mid.
die and lower quality goods, and &C
force a wider spread IN prices toT these
grades compared with the finished
steers. this situation applying both tc
the Haarlings as well as HANDY anC
heavier steers and a wider range 0,
prices would now seem to be we'll es.
tablished and likely TO continue in tht
trade. since t is reasonably certai II
that feeders will not again this season
come Nnto the market and bay M
ffesiy steers az rates so near to bee
grades as noted at the h!gl point i!
trade recently.
Texas stuff. too. should have effec
In causing a wider spread in the mar
ket, and its prevalence should he a,
admonitIon 70 owners Of halt-fnisfe'
vearlin gs to mature them before cash
ing in.
Memorial day holiday IS expected Z
have some effect in cutting down N
run next Monday. but the hearish trad
recently should be the chief force 4
causing,a lesser supply than came las
Monday. when total was 20,54S Ciuesse
on the crop next Monday ranged up I
$4,000 and above. tho popular expect
ancy was FOR 5000 and a run OF TIA
volume. in view of generous supple
moving in the east, probably would b
sufficient to fill local needs.
Sheep.
Most tof the sheep and lambs wer
CONSIGNED direct to shippers.
Packers are not getting as man
lambs "a Louisville as they need. an
were forced to support the local trad
Springers we're more numerous her
than previous weeks Of t1e season. bu
still they held well. Quality OF shor
stock was about the same as Thurs
day. but hardly as good as at the stat
of the week. Not enough prime handy
weight stock arrived on late days, an
too many eighty-fve to ninety poun
lots showed UP. but often the latte
class showed more finish than thos
weighing seventy-five pounds. Hard
anv more wooded Colorados are re
ported back. and that class will has
little hearing on the market the ba
ance OF, the season.
Chicago Live Stock.
!, Chicago, May 80.