Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-22
0F HOGS
OVER PLENTIFUL
MARKET BURDENED By HEAVY
ARRIVALS AND PRICES GIVE
WAY.
CONCESSIONS OF CENTS
IN ORDER TO MOVE SUPPLIES
Cattle Market Firm, Arrivals Not Be-
ing Adequate to Meet Demands -
Buyers Of Sheep and Lambs Fail in
Efforts to Force DeeIines-Review Of
Market Conditions.


ceipts of hogs today purdened the
market
Seventeen thousands more hogs ar
rived at eleven markets Thursday than
We're received week ago. while the
total at $4,000 was 1900 smaller than
a year ago. Chica go received 1000 less
than week ago and 5000 less than a
year ago. while the five leading outside
western markets had 5000 more than
a week ago and 1000 less than a
year ago.
First four days OF this week the six
leading western markets received 26i.-
000 or 10000 more than a week ago
and $4,000 less than a year ago. Chi
cago alone had $4,000 or 1000 less
than week ago and 10000 less than a
year ago.
Cattle.
Cattle proved firm. The number of
arrivals were rather Inadequate for de-
manG.
Improvement in prices now noted
puts the general basis back to last
weeks level. Mondays decline of lom
- cents being fully recovered and
killers asserted that. taking into con-
Sideration the fact that they had to pay
for the fill on Thursday dead costs
would stand them higher than the close
last week. The lower priced grades,
which were off least Monday. have
had lesser advance since then. and they
along with the good to choice grades.
are now showing steady rates with last
week
Looking ahead, the trade Is not hope
full Of continued further price strength.
Beef outlet is not growing and there Is
a free movement OF eastern fed cattle
running into the eastern plants now.
which handicaps demand from that
quarter in the local market. The fact
of very moderate receipts here is
force in holding prices on their cur
rent levels.
Next week the second largest crop OF
Argentina beef 70 come into the United
States since the tariff was removed Is
due. and its effect on the eastern beef
markets can only be surmised as likely
to be strongly bearish, especially on the
medium and habitat grades Argentine
beef, Of course. is not competitive
factor in trade for the choicer grades
of corn-fed domestic steers, and COM
mission house advice to the country is
to slow up in moving the medium and
lower grades until the eastern markets
recover from the effects Of the expected
heavy supply from the Argentine
Thursday run included a drove of
choice heavy steers at 1925. that would
noc have made within 10615 cents OF
this money previously this week There
were also marketed a string Of eX-
perimentally fed steers from the In
diana experiment station at Purdue.
q
and three throwouts at Ss25TS.5o
They They were shipped on margin
of A. cents per cWt.. and showed
shrinkage Of 34.3 pounds from home
weights.
Five head Of the experiment stations
yearlings ard 2-year-olds. culled out of
a herd being fed for the coming In
ternational show. sold at $3.50. Only
short quota Of trades were above
Ss75 and sS1OGs $50 took the medium
plain light class ranged down TO $3.50
GI.eo
Sheep.
Buyers of sheep and lambs were not
having much luck in efforts to force a
decline.
CITY butchers were limited COMPETE
tors and after the shippers took what
few lots they needed the sellers were
compelled TO go to the packers with
over three -fourths of the crop. Lambs
out numbered the more aged offerings
and after the recent advance the buy
ers thought their SHARPLY lower bid
ding was reasonable. but sellers did not
let go of arrivals until they had tried
hard to sustain prices. Present trans
actions In the shorn division booked
generally % cents lower on the best
than last Friday. while many other Of
ferings We're down 34M40 cents in ex-
IRENE instances. Woolskns We're
mainly 25 cents under this weeks high
! time and 10615 cents below the close
last week.
Shippers gave IS for some very good
| SO pound shorn westerns which were
| similar to others Wednesday at $500
| but on that day they looked strong
| compared with others Of the came quail
| ity. Best clippers were held upward Of
! sS25 and packers wanted everything
| below that price and eventually secur.
ed every desirable offerings at IS ant
| lower. Those at s7.50M7.75 were med.
/ ium to fairly good and a common elias:
went around 81. Seconds went largel!
/ at s6.0Om6.50. Odd native clipper!
went mainly below IS with very goot
| Weigity ones at $3.50.