Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-02-03
LEFTOVER SUPPLY
D[PR[SS[S MARKET
HOLDERS OF HOGS COMPELLED
TO CUT PRICES IN ORDER TO
MAKE SALES.
TOO MANY CARRIED OVER
IN DEALERS POSSESSION
Buyers Not Eager For Cattle and
Small Available Supply Moves Slowly
Demand For Sheep and Lambs In.
active-Sheep Market Facing Crisis
Review Of Trade Conditions.

Chicago, Feb. 3.-HCgS Suhered
cut in prices today.
Eleven markets received 106,500 hogs
Monday, or $500 more than last Mon
day, 1,606 less than Il year ago and 80
800 more than two years ago. Receipts
at most markets were normal and the
general demand was fairly good. Total
for 1914 to date 2.5S5, 900. or 10000 less
than same period 1913 and 100000 less
than corresponding time 1912.
II was in February. 1870 that best
heavy weighs reached $40 and in
March OF the same year that Sl1.2O
was paid, the latter price being highest
since 1865, when they reached 1925
on the open market. The country at
present seems unusually builish on
hogs, but no runaway prices are looked
for
Cattle.
Buyers were not eager for cattle.
Until conditions in beef trade i'm
prove, very short run nf steers is 60
ing to be needed at market. The trade
urged light run for the Monday ses-
sion and it was evident late last week
that unless temperatures dropped and
beef call grew even a nloderate> crop
would not get a good reception in the
current session. Under such a situation
as prevails now, corn at lis present
lower cost appears a coed buy to be
used in finishing half-fat steers 10 be
held for a frmer market, which must
assert itself later en-.
In the west IL was moderate run
Monday as we'll and total al six points
stood $4,000, decrease of 1000 from a
week ago and 1000 less than a year
ago. Eastward there was still fair
movement of short-fed steers from
Kentucky, Ohio, and Pennsylvania. ana
this crop naturally weighed against
shipper demand in the local market.
Pittsburgh had 2,400 cattle and there
were close to $500 at Bufa:o, no very
generous volume of supplies a either
market. but enough in view of the I'M
satisfactory demand.
Yearlings had as mean demand as
the balance Of the crop. tho .he run To-
cally included no very choice baby
beeves. A few toppy hea"ies sold at
S9.20I9.25 and they were kind that
would have made Is cents mere a week
ago. Only a small quota Of the crop
cleared above $500 and right choice
weighty stuff, such as took $500
week ago; was down on IN sS.s0GSS5
basis. Bulk of well-f5d 1890 to 1850
pound steers sold within q spread Of
$500 S.75. once the trade got under
way. and a lot of fat stuff lacking
smooth finish. such as went at sS.S0@
800 at high time two weeks ago, sold
4od 80 cents under that range.
Short-feds and the warmed-up light
and middle weight steers. as well as
numerous plain .weighty lots, took
mainly s7.s04 SIS and lots of right
decent killers landing at s7.90Ms10,
such as made 25@30 cents more
money last Monday. Feeder buyers cut
into the deal for few of the fleshy,
weli-bred steers which could be had at
s7.50G7.s5. but for bulk of stuff Of this
value it was only a packer demand
and the greater portion Of them had
no bids prior to noon, while many went
in first hands until near the close, Of
fers for them ranging 1895 cents
lower than last Thursday and where
they cashed the bulk locked fiat 20
cents lower.
Sheep.
Demand for sheep and lambs was
inactive.
Quality was better than week ago
and buyers had no trouble finding
choIce to prime killers, While even the
proportion of medium and palmer Of
feri2gs was smaller than most recent
days. Around twentyfour cars of Colo
RADIO lambs were received, exclusive OF
the more aged lots. Average weight OF
sheep and lambs at Chicago during
January was eighty-one pounds.
against eighty pounds the previous
month and eighty-seven pounds last
January. when heavy lambs were SO
plentiful Buffalo reported 1900 and
stronger market, with an 1926 top.
The western sheep industry is in
critical condition. That presages mutton
shortage. For five years past the mag
net Of high prices has attracted I've
lambs to market. The western grower
has not maintained his flocks at prop
er breeding age, and so per cent of the
ewes in the great sheep states are held
at its annual convention at Salt Lake
City lover the hill" Unless this is cor
rected by retention of live lambs of the
next few crops the country will be
short of mutton.
Chieaoo ivesfock