Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-04
NO STABLE BASIS FOUND FOR
HIGHER PRICES NOTED IN
EARLY TRADING.
MARKET LATER REcEDES
TO SATURDAYS LEVELS
Cattle Owners Show Confidence But
Buyers Hold OF and Demand Conces.
sions Call For Sheep and Lambs
Not Urgent-Current Quotations at
Livestock Centers.

cou'o ne loulo loudS loi IA Ss'ilS az
vance which was made in the prices
! of hogs. The market later receded.
The past weeks receipts ran out a
few over 10000 or the largest total in
six weeks, 2460O more than previous
week, 1890 less than year ago and
53.2c0 less than two years ago. Ship
| ments from Chicago for the week were
$4,000, or 2,4oo more than previous
week, and 1000 more than correspond
ing week year ago.
Taking the week in previous years,
there was an average decline Of FAC
for the past four years. The average
price a year ago today was SS.45; tive
years ago. S1.61; three years ago, s5.SS,
and four years ago. s9.42, the highest
on record for so early in May.
Estimated average weight of hogs
received here last week, 234 pounds,
against 2S5 pounds previous week, PAS
pounds year ago and 22s pounds two
years ago.
The talent estimated next Mondays
probable run of hogs at 10000, the
average Of twentysx guesses being
$4,000. against 1882 week ago and
39.250 a year ago.
The weeks hog run at the eleven
leading markets at $4,000 stood $4,000
larger than previous week, $1,000
smaller than a year ago. and 10000
smaller than two years ago, standing
$4,000 below the seven-year average
of corresponding week since 1907. For
1914 to date. eleven markets received
S,066,O00, there being only one year
smaller in over six years. This year
total stands 264 900 smaller than a year
| ago, LII 900 smaller than two years
F, ago and 6SS,000 smaller than the seven
| year average of corresponding period
! since 1907.
! Cattle.
Cattle owners showed confidence but
/ buyers held off.
Total runs for last week stood $1,000,
against 4S217 the week before and 49,
719 year ago, while shippers took 49,
! 500, leaving 2S,300 for local distribu-
! ton, against 30,5S4 the week before
ano 2S1S5 a year ago. AT the six mar
kets receipts were 100000. against 49,
500 the previous week and 1866
year ago Kansas City, Missouri river
markets have been running light for
weeks past and there are small sup
plies of good steers due to come into
those points for a long time ahead
drouth last summer having seriously
cut supplies in territory tributary to
| those markets.
Texas grass cattle runs into Fort
| Worth have slumped off, because of
good rains over the state and biggest
share Of the Texas crop will be late
| in going to market this season. since
growers are in an independent position
and determined to delay shipments as
| long as cattle are doing well on grass.
The casts till gets liberal Monday
runs, but there are few cattle going
into the eastern markets other days Of
the week. However killers are doing
considerable buying direct from feed
yards and this practice will continue,
especially in eastern Pennsylvania, I'M
til heavy crop Of winter fed steers is
cleared from there. This eastern buy
ing naturally removes some demand
pressure from the local trade for other
than the choicest grade heavy beeves.
Supplies of latter goods are running
comparatively small and a firm under
tone pervades the trade for them, al
tho prospect of bullish markets is far
removed for reason that beef at its
present high cost is not readily mer-
charitable.
One favorable situation. however. is
removal of the strong bearish pressure
which pervaded the general trade q
few weeks ago. Supplies now are run
ming only up to requirements Of the
killers and industrial depression is
chief factor holding a bullish market
in restraint. An Improvement in bust
ness conditions which would Great.
work for the unemployed and thu;
strengthen the consumer purchasing
power, Is the main need to establs:
higher prices and a free acting sum
mer beef trade.
Argentina competitive influence I!
light now and biggest run of the sea
son from that country is over OnlS
the product of 1900 to 1000 cattI'
weekly is in prospect from Soutl
America for the next two months ans
midsummer supply Of imported pro
duct promises to be even smaller.
+ Sheep.
Call for sheep and lambs was no
urgent.
Favorable turn Of the market a
weekend is due largely to tn
strengthening influence sof easter
shipping demand, which. has bee
broadened this week by light receipt
: on eastern markets and relatively hig
prices there. This demand removed
very large quota of the toppy woole
lambs from packers bear tactics, q
= we'll as some shorn stock, tho shippin
;, call still shows preference for tn
= handy wool skins.
y The good close is also suggestive {
a expectancy Of poorer picking mex
o week The run of Colorado-fed lamt
a is due to fall off materially next wee
and altho quite little stuff is sti
;. back in the hands Of farmers feeder
n as well as some in the hands OF heav
d Ter feeders at nearby stations the Ia
e ent holds. for the most part. The belle
: that the long expected period OF moi
ii moderate nnarketings 10 at hand an
a better acting trade for the immed
ts ate future is anticipated by many. TT
IS southern spring lamb movement is n
: expected to get well under headWs
IN for about three weeks, tho packers al
lg already getting some stuff from thu
IF source.