Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-03-04
PRICES DECLINE
LATE N SESSION
HOGS MARKET STEADY EARLY
BUT VALUES RECEDE
GRADUALLY.
GOOD INQUIRY DEVELOPS
FOR CATTLE OFFERINGS
Market Sharps Believe Period Of
Liquidation 10 at End and That
Lowest Levels Of Season Have Been
Reached Arrivals Of Sheep Fewer
Than Expeeted-current Quotations.

! Chicago, March 4.-Hog prices today
were steady early but gradually de-
clineL.
While Chicago on Tuesday received
10, 600 less hogs than a week ago and
10. 800 less than a year ago, the five
leading outside western markets had
-. 900 more than a week ago and 5000
more than year ago. but week ago
most of the western markets were snow
bound
Kansas City Tuesday alone had TO-
600 more than q week ago, Omaha
gained $500 and st. Joseph vas cred
tied with 400 more, or $500 against
only 100 Tuesday OF last week.
February receipts of hogs totaled
s4e.335 AT Chicago, being the third
smallest February total since 1896
Barring 1918 and 1911 the average
weight OF hogs a. Chicago last month
-ea3 pounds-was heaviest for Feb
ruarv since 1900 In 1918 and 1911 the
average was 230 pounds while in FEB
ruary. 1909, il was only 20t POUNDS.
,he highest on record for the second
month of the year.
Cattle.
a good inquiry developed lot caltie
The impression is prevailing NJ"
that prices have nit bottom ior ih.s
season. in spite of the fact that i~e',
ia only a week old. Effect OF the con
tinued quite moderate and often ilsh-
supplies in the west only stamps mi
cago az the chief source Of supplies Tor
fat cattle. and the east Is failns 10
make good with it's promised generous
runs Of winter fed Ohio and Pennss'-
vania cattle. while Canada has Few 20
EXPORT Argentine chilled and frozen
beef shipments are giving the uaoe
little cause FOR worry, and there ls oe-
yeloping an undercurrent OF ouinsn
sentiment With regard 20 immeola'e
future prospects for fat beef oullocAs'
although as long as the market con
tinues to get as many medium anu
short fed cattle as have been marketed
in the past few weeks il - evident thal
anv price rising tendency o. 1hese
grades will be held well in check XIII
ers are earring only moderate oeei
stocks. both Iocally and in the east ana
there has been lost sight OF recently
that claim Of mean beef outlet A fair :
w free movement Of stuff from cool
ers IL noted and every little bulge in
beef demand can only force the killers
| 20 buy fat steers with a free hand
The trade appears TO be running in :
into an even shorter crop OF wen :
finished steers than many had antici-
mai ted for late winter markets, but corn
a. its present country cost seems
good buy on part of feeders who nave
half finished steers and are in posi-
ton TO carry them 10 finish ma
this policv will likely be followed by
MANY owners IN event that heavy steers
continue TO show price strength would
Seem good guess now. To sell on!
half-teds and hope to replace them with
feeder cattle at moderate cost does not
appear good t,,sinees. since feeder trade
undoubtedly has passed low price point
! for the season, and this will surely De
proven the case in the next few weeks
If there Is q prospect Of early spring
| and good grass.
Arrivals OF sheep were fewer than
| expected.
| The Monday slump prompted sellers
| 20 order in supplies from nearo! !eeo
| ing stations after fashion CALCULATED
| 10 check the decline, and tho mos
of the supply came from this source
the first crop. estimated around i'.Vo'
| head. was below expectancy. 1h'
presence OF close to 5000 head over
/ from Mondays big run OF 4V.s2t heah
| however, was depressing lnnuehcs
| that. combined with the congestion Q!
railroad traffic 10 the Atlantic sea
| hoard. demoraIized telegraph service
slumping dressed mutton markets cas-
and heavy receipts at Omaha 10 khoch
all stout props from under the trace.
| Omaha reported a big supply o.
nearly $4,000 head and there Wete
! about $1,000 in the aggregate toda! d
six western markets. making Two
day run at these points OF tze'''o
against $4,000 like period last "eef
and $4,000 year ago.