Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-07-01
ARRIVALS MUCH LARGER THAN
EXPECTED BY THOSE EN-.
Gagged IN TRADE.
VALUES GO TO BASIS
5 CENTS UNDER TUESDAY
Big Shipments Of Cattle Direct to
Packers Form Handicap on Sellers
Trade Not Looking For Material Re-
action and Strength in Choice Grades
Is Logical.

Chicago. July 1-Much more liberal
receipts OF hogs than expected made
values today decline.
The bear hog market campaign in
augurated by packers early in May has
been relegated to the junk pile. 1t failed
because the country did not furnish the
necessary ammunition. The much adj
vertised May and June hog run did not
materialize and profuse dissemination
of bearish dope" proves to have been
i'll advised. The May run was far be-
low expectation all around the market
circle and June did not produce the
crop expected. Results show that a lot
more hogs would have been needed TO
put the common price down to 1i4c,
which was the objective point of the big
packers. Those outfits expected to put
away some cheap stuff during the two
months. thereby reducing average cost
of stocks in cellars.
Eleven markets received go soc hogs
Tuesday. or 500 more than last Tues
day, $500 more than year ago and
1890 less than two years ago. Total
thus far this week $4,000. or 1000 less
than same period last week, S.0UU moI5
than like time last year and 1900 less
than corresponding two days two years
ago. Total for 1914. to date I2.0S;, 0Uc,
or $4,000 less thaus same period az
and 1.73S.0oO less than corresponding
time 1912
Two days receipts this week stand
about 54.1o0 hogs, being 900 oss than
same days last week. 300 mere than a
year ago and 10000 less than CORE
spending period two years ago.
Packing Of hogs for the week was
smaller than week ago Total IN round
900 a week ago and $4,000 for same
week year ago.
Cattle.
In the ca tile trade big shipments d.
rect to packer formed a handicap on
sellers.
Strength in the market for the choice
goods now Is only logical il view OF
the better demand situation which ap
parsntly IS prevailing for high quality
beef both locally and eastward. COM
pared with short time ago The kill
ers, as well as shippers, are having
access to only quite moderate crop
of we'll finished 1880 to 1,400 pound
and heavier steers and they're getting
very few prime ones with result that
lot Of stuff such as is selling now at
s915@9 .25 is far from being prime, but
poSs essing good class 1t Is going into
the trade at a substitute for the strict
ly high finished kinds which a few
weeks back were more plentiful than
now.
The trade is not looking for material
reaction from current strong price
levels for the higher quality goods. In
fact, the trend OF affairs is the other
way. Right now a really prime drove
Of heavy steers is declared by sellers
to be eligible 10 $3.50 and even better
since the top Monday at 1915 was
made by steers which lacked few
points of being really of prime finish
Big proportion Of steers now cash
ing above $500 we'll evidences strong
undertone TO the trade for cattle tina.
have had considerable quota of corn
fed and both of yearling and heavy
weight, but with the underfed year
lings. as we'll as unfinished handy and
weighty stuff, il is an Indifferent de-
mand, with buyers forcing strong price
discounts on kinds tina, lack class to
show well on the dressing sheets
Sheep.
Sheep and lambs did not find a ready
outlet.
Packers were out from the start TO
further weaken the market and tho
showing evident need Of fair supplies
Bonded their early efforts toward put
ting the scent native lamb in the dis
card. The presence of several loads
Of very choice Missouri stock put a
crimp in this program. but tho the SO
figure was again paid, il took better
lambs than packers were able to buy
at the price here Monday to turn the
trick and most of the native lambs
selling from $3.50 down showed the
full 10Il5 cent decline, many Of the
offerings taking ss.50Gs.s5. City butch
ers bought some choice lambs straight
as high as So and paid on up to 1925
for few punches. but the latter were
sorted sufficiently close to make them
prime and appear worth the money
relative to packer purchases.