Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-01-12
HEAVY OFFERINGS
hit HOG PRICES
VALUES WEAKEN AZ RESULT OF
LIBERAL MONDAY RE.
cEIPTs.
CATTLE SUPPLIES IN
EXCESS OF EXPECTATIONS
Heavy Arrivals Have Weakening Effect
on Market Attic Prices Show Wide
Appreciation over Month Aso-Shesp
And Lamb Supplies PlsntifuI.-cur.
rent Quotations.

Chicago, Jan. 12.-Hog prices weak
ened today as result of liberal re-
ceipts.
Receipts of hogs at Chicago stock
yards for the week totaled 100, 100. or
$4,000 more than the previous week.
$500 more than same week last year
and 21.S00 less than corresponding
week two years ago.
Estimated average weight Of hogs at
Chicago for the week was 213 pounds.
or pounds heavier than preceding
week, 10 pounds lighter than same
week last year and 2 pounds heavier
than corresponding week two years
ago.
Top hogs for the week at Chicago
made ss.40 the highest since october,
against $3.50 the previous week.
s7.62h year ago and $50 two years
ago. Average price figured $500 or csc
higher than preceding week, tic higher
than a year ago and s1.S7 higher than
corresponding week 1912.
Eleven markets received 55,100 hogs
Saturday, making 642 900 for the week,
or l4S, 900 more than the previous week.
&c. 900 more than a year ago and S9,oeo
less than corresponding week two
years ago. Total for 1914 to GATE
$4,000, or $4,000 more than same period
1918 and 36s,OoO less than correspond
ing time 1912.
Cattle.
Cattle supplies were larger and the
market proved weak.
Matched against low time month
ago, when the market was crowded
with long-fed bullocks, and, comparing
current quality Of the rank and file OF
stuff which is warmed up and snort
fed, little Of 1t having eaten corn over
four months, the market Is showing
some wide price advances conserva-
lively quoted 4o6s0c higher. tho better
grades of fat weighty stun being cred
tied with most gain.
Two weeks Of light receipts preceo'
ing the past week gave killers oppof'
tunity TO unload . lot Of beef from
coolers and paved the way for 1ree
disposition of the past weeks liberal
supplies Run totaled $500, against
4o.513 the week before and 5S,S67 q
year ago. Shipments were eo,7oo,
against 1s.4s3 the week before. 1eav-
ing $4,000 for local distribution. against
24.o30 the previous week and $1,000
year ago. West 1t was quite moderate
run total at six points, standing 1885,
900. against 10000 the week before
and 10000 a year ago. While there
were likewise very moderate crops IN
the eastern markets Eastern trade has
not been Handicapped by Argentine or
Canadian beef. and it is unlikely that
foreign stuff Will have any material IN
fuence in tho meat situation for some
months ahead at least Argentine sup
plies, while totaling upward Of s.ooO,ooo
lbs, since the tariff was removed, have
still been below expected volume and
the demand eastward has appeared we'll
able to consume this crop. as well as
normal cattle supplies from the middle
west.
A conservative movement out OF FEED
yards is needed. There is small excuse
to ship the half finished steers in big
volume now that corn is working lit
tie lower. Where cattle are doing well
and hogs following them, traders are
urging owners to hang onto them. since
the market is not showing indication OF
severe breakers ahead. although they
would naturally como with any tenden-
CIV to crowd a big run into the trade.
Beef demands, while showing a lot OF
urgency, are still not Of especially
broad nature, and some higher trend
Of wholesome prices. If followed by
rise In retail cost. would Of course be
expected to develop cut-on IN the
consumer call and that would neces-
sarily effect some reaction in the hoof
costs
Sheep and lamb supplies were plen-
tiful
Prices are on a steady to 10c higher
basis than a week ago, the most
strength being noted on the best
handy weights of all classes. while
heavy stuff. especially Il OF plain quail
ity. and half fat grades close slow at
last weeks closing Levels.
While Chicago receipts$have sWelled
$4,000 above the small New Year
weeks marketing and the six-point to-
tai shows an increase of $4,000 over
the previous week. the run locally has
not been up to the expectations OF
many in the trade and is suggestive.
in view of the good tone shown by the
trade recently, that supplies in corn
belt and eastern territory are begin
ming to run low and that the bulk left
to come is in the hands of regular feed
ers who will be inclined to nurse the
market over any bad spots that may
be encountered within the near fu-