Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-08-27
HOGS At HIGHEST
POINT N MONTH
IMPROVED DEMAND GIVES PRICES
ANOTHER LIFT OF 5
CENTS.
PRIME LIGHTS SELL
UP TO EIGHT DOLLARS
Extremely Wide Range Unusual For
This Season-Lisht Receipts Of Cat.
tie Give Firmnes to Market-Active
Inquiry For Sheep Sends Market
Higher For Most Grades.

Chicago, Aug. 2I.-lmpToNeu de
mands boosted hog prices cents to-
day. Prime lights went at 500, the
highest reached this month.
A spread of 81 per cwt between
heavy packing and light shipping hogs
is unreasonable. Usually it is the other
way round at this juncture, but pigs
have been abnormally scarce and light
hogs in profuse supply. Accepting
board of trade quotations big hogs are
not cutting up anywhere near a pro-
fit
Eleven markets received $1,000 hogs
Thurs day. or $500 less than last Thurs
day, $500 less than a year ago and
1O,1OO less than two years ago. Total
thus far this week 25S,000. or $4,000 less
than same period last week. $4,000 less
than like time last year and $4,000 less
than corresponding four days two years
ago. Total for 1915 to date 1880
or 2,155, 900 more than same period 1914
and 1884, 0GO more than corresponding
time 1918.
Cattle.
Light receipts of cattle gave firm
ness to that market. Quotations were
steady to cents higher.
Compared with the July high spot,
nearly everything in the steer line is
5OM75 cents lower and in the case OF
low grade grassers the decline is even
more. The spread has widened,
until it looks seasonable. A spread OF
7.50m9.50 has taken the bulk of the
steers this week, and altho the $40 quo
tation has been preserved, it was IN
jeopardy Monday. 1915 being paid on
Wednesday. Demand centers on fat
cattle. An opinion exists that the Wis
ible supply of dry lot steers has been
reduced to such small proportions that
killers will be calling for them before
long, but none In the trade entertalns
a doubt that there will be plenty OF
grassers to go around. The western
movement Is now in full swing ana
gathering on the northwestern range
will be on a free scale all thru Sep
TENDER.
The domestic beef market appears to
be in healthy condition, but an unfa-
vorable rate of exchange has tempo
rarily curtailed exports. which have
been abnormally heavy for months
past. This will be changed when new
financial arrangements are effected.
Great Britain plans to pay for Ameri-
can 1OOu BULLS ny Liz SAAAAIAS "a
of liquidating American securities IT
holds and the conversion process re-
auires syndicate action. Cattle ratsers
and packers must have cash, and it is
I'D to the banking interests to devise
ways and 11eans By which hnsiness
can be lubricat
Sheep.
An active inquiry sent sheep prices
I'D. the market ruling strong to 10
higher.
The sharp advance this week may
be attributed in part to supply figures
and partly to an improved outlet for
the dressed product, altho packers as
sert the bulge is not warranted by pre-
yailing dressed market conditions and
is largely Of speculative character
Their hunger for supplies, however
is suggestive of their needs. Thus far
this week six western markets have
received about 20S, 900 sheep and lambs
gain of 10000 over like period last
week, but $4,000 less than the big run
for the same period last year Omaha
has been the only literally supplied
market, Chicago receipts for four days
this week totaling but $4,000, a de-
crease of about 5000 from like period
last week and over $1,000 less than
yaar