Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-02
Downward FLIGHT
Of HOGS HALTED
PRICES STRIKE UPGRADE AFTER
WEEK OF LOWERING
LEVELS.
AND SHIPPING
DEMAND TURNS TIDE
Cattle Trade Nominal at Weeks Close
Argentina Shipments Not Suffi-
cient to Affect Western Prices-Most
Of Sheep and Lamb Offerings Taken
Direct by Packers.

Chicago, May 2.-SpaculatiNe ana
shipping demand today carried the hog
market up grade
Allowing 5000 hogs for today. this
weeks receipts total 10000, or the
largest in about six weeks. Yet l2.4OO
less than a year ago. $1,000 less than
two years ago and $4,000 less than three
years ago.
The size of supply. however. has cut
but little figure with the tendency of
values lately and packers, while they
bought with better grace today. the
general situation has an undertone Of
weakness
Fifty six thousand hogs al the eleven
markets Friday stood $1,000 larger
than week ago and $4,000 smaller
than year ago.
The decrease compared with year
ago was principally at Missouri river
markets, Chicago having within 1000
of as many as q year ago.
Most of the $4,000 increase compared
with a week ago was at Chicago. In
dianapolis. Buffalo and St Louis, while
Kansas City gained only 500
Eleven markets the first five days of
this week receiver $50, 600 being $4,000
more than arrived a week ago and 49,
900 less than year ago.
Chicago for the expired portion of
the week received 112.1o0 being $4,000
more than a week ago and $500 less
than same period year ago.
Cattle.
Cattle trade was nominal.
That long time argument Of poor
beef call has lost its force. Killers are
running along on hand-to- mouth
basis now and while the eastern houses
are getting a considerable quota OF
PENNSYLVANIA. OHIO and Kentucky cat
tie, they seem 10 have place for every
one of them, and a fair shipping de-
mand still prevails here, especially TOR
the ripe strong weight steers. few OF
which kinds are available in the east.
Half-fa. yearlings and the medium
and plain 100 to 1,25o-pound stun
continues relatively meanest sale, and
there is strong probability OF these
grades getting small favor as the sea
son advances.
a wide price spread between those
kinds and the choice to prime goods
can well be looked for. and were Il not
for the pressure Of feeder cattle COM
| petition range OF values doubtless
would be much greater than now.
Argentina is a small factor in the
trade. since the supplies. from there are
running much lighter now than had
been expected. we'll evidencing that the
South American country can not take
care OF a big English demand and at
the same time exert strong influence
! in the American trade Only 1000 car
! ca sses OF beef We're loaded out OF
| Buenos Aires for New York the past
| week. altho some stuff was again
| trar shipped this way from Liverpool!
Total direct Argentine movement TO
the United States since Jan. ! is ?ol,-
! coo quarters.
I Generous shipments from Nebraska
| South Dakota and Minnesota which
| featured the trade Monday and We'd
nesdav aitho there are Still! some sec
| tons where summer grazing is light,
which are due TO unload in the next
! few weeks, and no shortage of sup
ply is figured on by traders Confidence
in a higher summer market is lack
! ing in many quarters. and where corn
| supply is running low lot of feeders
are apparently not in a mood to buy
more of il and continue TO feed on.
Guesses on the run for next Monday
ranged all the way from 1900 to 20
900. most marks being put at $4,000 10
10000, to compare With arrivals OF
1882 last Monday and 1880 year
ago next Monday.
| Sheep.
Most of the sheep and lambs went
direct to the packers.
| Favorable turn OF the market "a
| weekend is due largely to the
Strengthening influence Of the eastern
shipping demand. which has heen
broadened this week by light receipts
on eastern markets and relatively high
prices there. This demand removed a
very large quota of the toppy wooded
lambs from packers bear tactics. as
we'll as some shorn stock. though ship
ping call still shows preference for the
handy wool skins.
The good close is also suggestive OF
expectancy of poorer picking next
week. The run Of Colorado-fed iamns
is due to fall off materially next week
and although quite little stuff Is still
back in the hands Of farmer feeders
as well as some in the hands of heavier
feeders at nearby stations. the talent
holds, for the most part. the belief that
the long expected period Of more
moderate marketings is at hand and q
better acting trade for the immediate
future is anticipated by many. The
southern spring lamb movement Is no
expected to get we'll under head"al