Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-21
EARLY ADVANCE N
HOGS FAILS IO HOLD
SPECULATIVE DEMAND PROVIDES
SOME STRENGTH IN EARLY
TRADE.
PRICES LATER TURN
TOWARD LOWER LEVELS
Improved Eastern Call For Cattle
Tends to Hold Prices at Fair Levels
NO Visor Shown in Sheep and
Lambs Division-Review Of Market
Condtons-Current Quotations.

I
! to the hog market, prices later tended
down grade.
From the way Chicago receipts are
/ running this week it looks as tho the
/ territory tributary 10 this market IS
: also decidedly short. Six leading west
ern markets first half of this week
: received 1000 more than week az o
and 5000 less than a year ago, While
Chicago alone had 300 less than a
week ago and 1920 less than cor
. responding three days a year ago.
/ That big May hog run packers We're
promising has not mateTia!lzed up 40
! date nor has the common price dIoppea
! TO cents. Receipts at all western mar
! kets for the month show decrease
! compared with last year sufficient |"
! warrant assertion that shortage eN-
/ lists Based on supply, sentiment ought
, TO be bulliSh. but conditions are eN-
| actly the reverse. The stock proEl-
sions in packers cellars is bearish, the
! merchandising process is Sluggish, anu
! Europe is not buying in custoihaE!
! fashion. Present indications are thal
! the summer hog run will be 10 10 10
/ per cent short OF last year ana tina
will probab bly, Ue enough TO go aroma
| al the prices.
Cattle.
! Improved eastern call upheld quota
tionS for cattle.
/ The May run AT Fort Worth Ma
! been a distinct disappointment 70 XIII
ers the Texas market showing loss
/ Of over 10000 for the month compare"
with last year. Six weeks ago fofi
! Worth showed a gain Of so,vVV over
/ last year. but this has been changed
70 q loss OF 1000. The MeXI2an move
ment dwindled 70 small proportions
and IS row mostly stockeT run Texas
aGvices are that the spring noFemen,
| is likely TO be far below adEeFtSed
! proportions. Rain has fallen contnu-
! ously on the southwestern range ana
( as many Of the cattle are under age
| there Is a pronounced disposition 70
carry them over another year. There
! has beer some dissatisfaction with
market conditions and as replacing
t young cattle is almost Impossible
! growers are reluctant 70 part with
| them OF course flies vii! begin 10
! aggravatt cattle next month, out nF
next November most Of the stun on
the Texas range will weigh fifty 10
iseventy-ive pounds more than at pres
eat and growers detect propa nlllty OF
keen competition for stock cattle next
fan should lie corn crop prove
bumper one.
The beef market is still n unsatts-
factory affair. The season has arr!Vec
when heavy beef is hard TO sell! The
local industrial situation is clarifying
and there is q prospect that the long
drawn out brick strike may be settled.
Resumption Of building operations IN
Chicago would put 100000 men az work
almost Instantly and greatly increase
demand for al! kinds OF meats. A lin-
eral run is in sight for next week as
feeders are anxious 10 clean up heaFE
cattle. No inducement TO throw them
on grass exists and the changing sea
son from feed lots to pastures is here
Sheep.
Trade in sheep and lambs had NJ
yigOr.
/ In the local run there was notice
able and seasonable Increase in the
supply of native stock. yet compare
lively few spring lambs appeared L
was still largely a crop of fed western
!and Colorado-fed lambs. only foul
straight loads Of fed western sheep ar.
] irving. The supply carried about 2,o0t
. head of southern springs and ewes di
r
way.
Packers were bears of pronounced
type. especially or lambs of low dress
: ing class. They have burned thei
! fingers on a lot of relatively higl
bought As to is per centers Of late an'
! not a few of these bad actors Oh tn
hooks have been lambs that locke
: good on foot. Most Of them look l5G
25c declines from hest levels of Tuesda.
, or Monday and were not easily sold Of
= that basis, tho on most any Of tn
! standard goods declines measured full
| sales of top-notch lambs were no
3 worse than steady to l0c lower. II
u a time of the year. however. when tn
average feeder or shipper will do We
0 to ignore top sales completely in calcu
Il lating the market value of his stuff be
n fore shipping.