Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-06-19
RISE IN PRICES DURING DAY DUE
ENTIRELY TO PROFESSIONAL
TRADERS.
CATTLE SUPPLY SMALL
DEMAND ALSO RESTRICTED
Farmers in No Hurry to Cash in Cattle
Because Of Plenty Of Pasturass -
Sellers Of Sheep and Lambs Contend
With Lard Shipments Direct to
Paekers-Review Of Market.

Chicago. June ls-Higher values for
hogs today resulted entirely from the
activity of spectators.
Eleven markers received 1850 hogs.
or $500 less than last Thursday. 1900
less than a year ago and $500 more
than two years ago. Total thus far this
week SS1 900. or 5000 less than same
period last week, 10000 less than like
time last year and 10000 more than
corresponding four days two years ago.
Total for 1914 10 date 1l.2I2.000, or
$4,000 less than same period 1913 ana
1892. ooe less than corresponding time
/ 1912.
Cattle.
| The supply of cattle was small, but
demand also was restricted
/ Rains late last week. tonight up pas
lures has relieved what ten days ago
! looked like possible repetition of the
hurried cashing in of pasture steers
which was shown just a year ago. when
the trans Missouri country was begin
ming to feel irst effects of what later
proved 10 be the worst drought PERIOD
in years past Conditions are little
brighter in many sections now than re-
Gently, and in fac, spots of Iowa have
| there are even sections in Minnesota
| where land was prepared for corn. but
il was not planted because of too mucn
water.
| Chicago. being the only really gener-
! Gus supply Gepot for good beeves, Kill
! ers are simply forced TO do their BUY
! ing here on a good basis at this time,
land the fact that conditions are not
prospective of changing in the west
affords a reasonable amount of excuse
for traders to look to the immediate
future as probable of developing a good
/ trade for WE'LL finished steers. oo1n
heavy (because of their decided scar
city) and the handy and light grades,
because Of fair acting beef trade call
| for them despite the influence OF
Argentina and Australian beef competi-
| ton against the medium and commoner
native cattle.
/ Conditions, % course. are liable to
quick change, depending upon supplies.
Beef trade is not broad one and cost
al wholesale and retail is too high 10
create a big demand in hottest weather.
Still there is an undercurrent OF
strength in the trade for choice good 10
prime goods, which augurs well 1or
that kind.
Top Of 1896 on Wednesday showed
new high spot for June and the prime
goods are becoming so inconsplcueoos
in the run as to make s'iii hieher
rates proba BILE for them, with conunu-
ance of anything like good demand
for the higher quality lots, though
wider spread in the price range Is ho'
likely to materially beneht the uhoer-
fed and medium kinds. by reason OF
their plentiiude to supply only mod
crate demand now prevailing ana pros
pective for some weeks ahead.
Sheep.
Sellers of sheep and lambs had to
contend with the fact that packers were
receiving large consignme nts direct
Four days supply here was a littie
larger than the same period last week
hut showed a substantial decrease com
pared with a year ago. In the face o.
slight increase here the combined
run in the west was materially reduced
Kansas CITY had 5000 on Thursday
; while ST. Louis received $500 and three
other markets beyond Chicago had only
; 100 collectively There were 2I.20o a
the six western markets for the oa!
against $4,000 a week ago and 22,5o'
the CORRESPONDING Thursday last year
Combined arrivals for the week TO dat
: aggregated us. 600, or $4,000 less thar
same period last week and $1,000 les
; than corresponding four days last year
Deducting the direct stock, the PACK
. ers have not secured normal supp.
!, any day this week, and still the price
have not firmed up to any extent, an
after every gain reaction lnVar'aoi.
: turns up. The reason given by PACKER
for the ack of advance is that presen
prices are unseasonaoly high' ana ON
! the light receipts are responsive 10
i prevailing level. which would be sharp
4 " lower with receipts OF usual volume
f cautious marketing will bring packer
s in line until such time as western
come rnarketward.