Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-04-17
DECIDED down TURN
N HOG VALUES
PRovEMENT SHOWN At
OPENING.
PRICES TAKE TUMBLE
NEAR CLOSE OF SESSION
No Urgency Shown Among Cattle
Buyers-Arsentina Beef Continues to
Be Disturbing Faotor-Shesp and
Lambs on Sale Find Ready Outlet
Review Of Market Conditions.

! Chicago, April IT. After showing
! som. Improvement today the hog mar
ket took a decided downturn.
J Prevailing prices are lowest since
April 1 and the general average stands
only Is cents higher than lowest day
since February 10 and 6O665 cents
higher than Jan. 2, the low day of the
year.
Fifty-eight thousand hogs at the
eleven markets stood 5000 smaller
than a week ago and 1000 smaller than
a year ago, when receipts were consid-
cred small.
The first four days of this week
eleven points received $4,000 showing
5000 decrease, compared with a week
ago and $1,000 decrease, compared with
a year ago.
There was no urgent demand for
cattle.
Argentina beef competition is going
TO be smaller for the next few weeks
than in the past month, according to
seaboard advices, since short shipments
are on the way. but the eastern mar
kets are claimed to be still holding
lot of imported product. which is meet
ing with mean reception from retailers,
who are finding it hard to- work this
stuff onto the consumers. Price differ
ence between it and domestic product
is not large enough to offset the dis
crepancy in quality.
Four days run at Chicago stood
40.300 against 32SS5 a week ago and
4S,50S year ago, while six points have
had $4,000 cattle. comparing with So
600 a week ago and 11S,000 year ago,
but west and southwest 1t has con-
tinued a small showing of really good
beef, and local market is the chief point
of purchase for killers who want right
Wen finished cattle.
Shippers have taken only 100 morg
cattle than week ago, and there is
no prospect of a very strong increase
in the eastern demand. since Ohio
Kentucky and Pennsylvania feeders are
cashing no small quantity of steers.
many of them good in grade, and New
York and other eastern killers already
have buyers in these states skimming
the cream off the crop.
One big New York house, ordinarily
a good buyer of fat bullocks locally,
has done little in recent weeks, and the
! only explanation forthcoming from its
| buyers is: We're getting 'eln else
where" This country buying in the
east promises 10 be no small factor a s
price regulator in the markets dur
Ing the next few weeks, although 1t Is
coming a time of year when killers
can expect only continued short sup
plies Of good beeves, and no very gen
erous runs Of short-feds and warmed
up stuff, since high cost of feeder cat
tie Is inducing lot If hold-overs OF
! half finished steers to complete the Joo
on them.
! Far away guesses on the run for next
| Monday We're put at $4,000 TO zo,ooo'
and with airy decent beef outlet crop
of that size is expected to move WITH
out serious change in prices.
Sheep.
| Sheen and lambs found ready out
let.S
! since Jan. 1st. over 100000 sheep
! and lambs have reached the FIVE prin-
cipai western narkets-Chicago Kan
sas City, Omaha, St Louis, and ST.
| Joseph-and the figures record high
tide in mutton production for this
period. Iowa has been largely respon
|
| feeders were unable to get thin cattle
for finishing purposes last fall. and
| substituted western lambs.
! There has also been a decided IN
crease in receipts of hay fed stock
from such states as Montana, Wyo-
ming and Idaho that until zrecentiy
were not contributors to the winter
mutton supply. Receipts at the prin-
cipal western markets so far this year
exceed supply Of the same period OF
1913 by 100000 head. but the Increase
has been wholly lambs, and the hgnres
are somewhat deceptive if construed
! on a product basis.
This heavy supply of mutton has ma
terially mitigated beef and pork ce-
ficiency, and prices have ruled con-
siderably higher than during the 1ifst
half of 1912. which was also PERIOD
of heavy supply. Present indications
however, are that the winter crop mas
been marketed prematurely, owing to
high cost of feed. and that the trade
is going into period of scarcity, which
| viii continue until the Tennessee and
Kentucky crops of lambs are ready.