Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-06-17
A|DXE[K ARRIVALS
PROVE TOO HEAVY
HOG PRICES FORCED TO LOWER
LEVELS BECAUSE OF LARGE
RECEIPTS.
SCORED PAST
WEEK TEMPORARILY HALTED
Dissemination of Bearsh Prophecies
northumberland For Cattle
Confined Chiefly to Easten Buyers
Feeder Operators Abandon 900 Pound
cattIe-Sheep Receipts Heavy.

| Chicago June 17.-Hog prices weak
eneG today Midweek receipts were
too heavy.
The advance in prices since Wednes-
day OF last week. low day of the year.
has been uninterrupted. Tuesdays gen.
eral average is close to 20 cents higher
than Tuesday of last week, when the
bulk sold at sSGS121a
Packers are no longer advertising
their bear hog campaign commenced
in May under the illusion that receipts
of that month and June as western
markets would be heavy. A strong I'M
| dertone pervades the trade and putting
the common price below s cents is
now regarded as chimerical. The June
run warrants assumption that the crop
| has been closely marketed right along
a logical policy on the part Of the
grower who has been constantly i'm
pressed with the idea that this is no
| time to be bull"
Dissemination of bearish prophecy
has been discontinued as the trade be-
lieves hogs are worth every cent they
are costing Making allowance for
double counting, due to packers prac-
tice of sending hogs from other markets
10 Chicago by the tra!nlnad the May
ard June run has been diminutive.
But for industrial depression and
consequent curtailment of consumption,
current receipts would warrant 80
market. The grower has been letting
hogs go owing to high cost of corn and
constant assurance from packers that
! 49, ~,,I1 no oiv,,. no
bear campaign is dream.
Cattle.
Demand for cattle was confined
chiefly to eastern buyers.
Feeder operators have practically
abandoned the trade for 900 pound and
heavier steers. and this throws con-
siderable quota OF the lower grade
kinds on the packers hands, but one
satisfaction this week is the smaller
portion of these classes which come
from Iowa and Missouri, where good
rains late last week toned Up the
pastures. Generous runs of the feeder
stuff week ago came as result OF
| bad pasture conditions, but there is
now a small supply Of thin feshed
goods In prospect for a few weeks Off,
at least.
Two DAYS run at Chicago stood 22,5oo
against 20,568 a week ago and 22,314
a year ago. while Tuesday crop at six
markets was $500, cut Of 11.100 from
week ago, and this plainly spelled
the effect OF rains late last week own
ers IN that territory having an OPP
portunity now to carry cattle along In
pastures, while a week ago they were
facing a short feed situation and many
of them were compelled to cash IN
For the two days this week six markets
| run stood $1,000. against $1,000 week
ago and $4,000 a year ago.
| Still it is a trade now highly suscep-
! tible to reverse and cautious marketing
! is going to be required to hold the little
price gains. The east is getting
| lot of foreign beef both from South
America and Australia, Boston ana
New York receiving Australian product
Of late, New York having had 100000
pounds from there which arrived on
| Monday ami 10000. 100000 pounds of
| canned meats We're also unloaded, &C
| tordng to advices from that port
| Upward of $4,000 quarters OF Ar
| genrina beef came into New York last
week and the week ahead there is due
to arrive $4,000 quarters. This beef
naturally a competitive factor in the
trade against medium and plain native
! steers, and will be for months off, since
II Is being conclusively demonstrated
| that the imported product can be hand
led in this country in hot as well as
| cold weather and both Argentine and
Australian shippers are sending enough
Of it this way to indicate that they have
plenty more in reserve to come later
on.
Sheep.
Receipts of sheep and lambs were
more numerous than expected.
Shortage with a big IS" Of ovine
stock in corn belt territory was
strongly indicated, if not conclusivey
proven. by Tuesdays receipts. Such ii
market as was had here during the
fore part of last week never before
failed tc bring run at this season
Of the year, and while the slumpy
close las, week was doubtless respon-
sibIe for some stuff being held back,
everybody in the trade feels that only
a very pronounced scarcity CO supplies
ION corn belt farms and movement
already beginning to dwlndle out of
Tennessee and Kentucky could have
made possible such light runs as reg
istered around the market Circuit yes
terday, with prices as attractive as
they have been all this month.