Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-31


supply being less numerous than eX-
pected.
Receipts Friday were posted at 10000
and that number was several thousand
above expectations, but did not seem
to make any difference to the packers
who condescended to support the mar
ket even whom they had chance TO
! force prices lower. OF course, values
are comparatively low and bearish tao
tics today would have shut off the run
early next week, and this is prohably
the reason that packers bought freely
here today, as they did not want the
supply to slacken for any length OF
time.
Eleven markets received $1,000 hogs
Friday, or $500 more than last FIJI
day, 800 more than a year ago ana
1890 more than two years ago. To-
tai for the week thus far $4,000, or
1000 less than the same period last
week. $1,000 more than like time last
year and 10000 more than the cores
ponding five days two years ago. To-
tai for 1915 to date 15,94S,ooO, or =
1873. 900 more than the same period 1914
and 1895 900 more than the cores
pondins time 1919.
Cattle.
Most Of the cattle received went di-
rect to killers
Barring little reaction on Wednes-
day of this week, when fat and handy
light steers and a few prime weighty
grades went 10 cents higher than Mon
day, it has been a down going trade
for three weeks past, and no one is
cocksure that the end of the trail has
B &, l. a
/ time that things will work into better
shape in the week ahead.
The eastern situation Is reported
bearish There are a lot of grassers
and short feds being cashed at eastern
points and the west and southwest is
running seasonable quota OF the same
character OF goods. With the range
cattle season soon to open, killers are
looking at the general trade from a
bearish standpoint, and while the ripe
long-fed heavy steers and choice to
prime handy and yearling grades may
show some reaction, 1t Is doubtful II
early August trade will repeat the price
climbing performances noted at the
| outset Of July.
There is limit to the pace OF the
consumer demand and obviously 1t was
reached three weeks ago when beef
trade suffered a slump that has been
| in force ever since. Purchasing pow
er being overtaxed. the consumption OF
! beef has been severely cut. This is the
| only logical explanation forthcoming
| from traders now.
| If it were a normal beef trade the
packers could well take care of current
supplies. The runs in recent weeks
have been only normal, though July
| total will run a little above year ago
/ This week Chicago had $500 in five
days, against 35,552 a week ago and
! 81 $40 a year age. while 2. the six
markets supplies stand 100000. against
| los 900 a week ago and $4,000 a year
! ago.
Given a small dose next week the
| trade, of course, could be expected to
effect some little reaction in the trade.
but there appears small hope for ma
terial cut in supplies. A lot Of stuff
Is moving. 1t is seasonable for it to
move and with this the situation fail
| ing to show prospects for sharp price
recupera ton, tendency seems TO be to
cash cattle.
Flies are cheating steer growth and
will for another month or more, and
this is inducing no small amount OF
shipping The trade generally looks for
900 to 1900 cattle next Monday and
it will require some unexpected bet
! terment in the beef action to establish
a firm market on such a volume OF
supplies
Sheep.
Sheep and lambs received att the
yards were consigned direct to pack
ers.
While better acting dressed trade
has helped sellers in shaking loose
packers grip on the market this week
as have small receipts at Missouri riVel
points, sellers have strong hopes tina
the advance will stick Loading II
Idaho and other range states for mex
weeks market is reported to have beer
moderately light, and barring SOM
sheep Montana will ship little this sid
of Sept. 1, by or before which TIM
feeder buyers are expected to b.
swarming marketward for supplies
Natives are believed too scarce to Gu
much figure in trade conditions ant
the Kentucky run will soon be over 70
this season. 1t is the wrong time o
the year to be a rampant bull on OWN
: values hit the situation looks yer,