Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-08-05
DULLNEsS PERvADES HOG DlVl
SION, WITH PRICES SLIGHTLY
HIGHER.
MIDWEEk RECEIPTS LIGHT
OF BOTH CATTLE AND HOGS
Shipments Held Back on Farms Be.
cause Of Demoralized Market-cattle
Trade Slow But Steady-sheep Score
Advance Of 10 cents-Review Of
Market Conditions.


of livestock were conservative, ship
ments being held back because of the
generally demoralized condition OF the
trade. Dizziness pervaded the hog mar
above Tuesdays close.
About half as many hogs arrived
Tuesday as many traders expected yet
in the face OF a dollar decline since
Wednesday of last week the run al
S,00o-the smallest Tuesday of the year
is not surprising. Mondays run. esti-
mated at $1,000, panned out only IS
592 while the shipments from here
/; NJ onday-1,261 We're largest in over
three months.
Only half as many hogs arrived at
the eleven markets Tuesday as We're
recorded year ago. Eastern receipts
! " lille small. held up to year ago.
Omaha decreased most. having $500
less than year ago. Chicago de-
creased 1900. Kansas City 5000 and ST
Louis, st. Joseph and Sioux City de-
creased 5000 each, The big falling
of was disappointing to the packers,
but not surprising, considering the
sharp break in prices since last We'd
nesday.
Cattle,
Cattle trade was slow but prices were
generally maintained.
Tight money, which is proving no
small hlndrance TO the demand for beef
from big houses, as we'll as shippers, is
a factor which must be reckoned with
temporarily at least the the issuance
of hundreds of millions OF dollars OF
nv ont
backed by securities of the highest or
der from banks, is expected to loosen
up the money situation within a very
short time.
That the trade can use cattle a cur
rent prices is not denied by killer rep
resentatives. The possibility Of for
eign demand for fresh beef growing to
big volume Is small, but the domestic
outlet cannot be seriously cut below
! that of recent months. provided retail
prices are held within reasonable lin
its. The killers have not effectively
reduced wholesale rates to match the
lower hoof costs forced in the past few
! weeks, and this doubtless Is strong
! reason for continued short consumer
| demand.
| In the east the shipments from Ar
| prospect OF a lot of stuff which ordin-
arily would come here from Argentina
| being routed across the sea to feed
hungry Europe, whose appetite Is like
! ~ 10 grow now with war spreading to
| nations which few days ago were
net considered probable com batants.
| Current prices are down all the way
| from 10 to Is cents from the close last
! n kinds.
] Prime heavy steers at s9.s0m9.9o Mon
| day were kinds that matched well in
| finish with the $40 steers last week.
/ and it was up to an outsider to pay the
I top price Monday Packers are strong
iiy determined to hold the market for
top goods below $40 and are using ev-
cry means in their power TO do so.
Sheep.
The only activity was in the sheep
division. where prices We're steady to
10 cents higher.
War was declared in the sheep
house Tuesday. a packer buyer,
prompted 70 rashness by dire necessity.
actually stepped over the s cent bound
airy line into territory where a packer
buyer has rot dared to set foot for a
week past and paid 1906 for six loads
out of ten-car a string of Idaho range
lambs an eastern shipper gobhling the
four loads at the same figure. This
band comprised the only range lambs
in the crop and all the range lambs
tina, are likely to appear here this week
unless some are forwarded here from
Omaha or some other market, which
is improbabl Die. as all the Missouri river
markets are a high and relatively
higher than Chicago.