Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-11-20
LIBERAL SUPPLY LEFT UNsoLc
FROM PREVIOUS SESSION
CAUSE OF RECESSION.
FRESH OFFERINGS MORE
LIBERAL THAN EXPECTED
Cattle Market Weak-BuIk Of Offerings
Consigned Direct to kiiers-Arrivals
Of Sheep Also Go to Big Packers
Review Of Market conditions-cur-
rent Quotations.

Chicago, Nov. 2o.-Larger receipts
than expected brought about a decided
fall today in the price OF hogs, as a
liberal unsold supply had been left Owe;
, last night
Receipts of hogs for the first five
days Of the week total about 1873, 100
head, being 1920 more than same days
last week, 10000 more than year ago
and 30.So0 more than corresponding
period two years ago. Receipts for this
week will be the largest since the week
ending Feb 20, when 2la,2S5 arrived
here, and the total will be about the
third largest of the year.
Eleven markets received $500 hogs
Friday, or $500 more than last Friday.
26,200 more than a year ago. when two
markets in the east were closed, and
l4.100 less than two years ago. Iotai
thus far this week. $4,000, or 10000
more than same period last week, luo,-
600 more than like time last year and
81 geo less than corresponding five days
two years ago. Total for 1918 to date
-, 23S. 600, or 2,21S,000 more than same
period 1914 and $4,000 more than cor
responding time 1913
Cattle
killers direct.
Not enough of the really choice to
prime steers have been here 10 en-
able killers TO break that kind. and, in
fact, a big share of the strictly choice
steers which have sold al 9.lo g 1923
went this week at strong to a shade
higher prices than prevailed at the
close last week. Nearly every one who
owns prime steers is apparently
holding onto them for the Christmas
demands which are due TO open within
the next two weeks and thereafter for
a time a fair sized crop Of prime heavy
and yearling steers as well as few
handy lots should be due TO make
some new high prices for the year.
This Is the trade belief as REGARDS
the prime grades, but there is little OF
bullish sentiment in the market for
the rank and file of steers. Even
though the range runs are about at an
end for the season, it Is apparent that
the falling off Of rangers VIII not wit
ness a decrease in general supplies for
reason that many corn-belt sections
have big supplies Of pasture and stalk
fed cattle which Will be unloaded be-
ca use Of the poor corn
lh6Se classes, W uiCii are ~" e1iS1pAo
TO bring all the way from $50 to 500,
are a gambling kind In the market as
well as the stuff which has had a few
months Of corn feeding and sell at SO
ISIS, Bids on them are very erratic
and far apart and buyers and sellers
alike agree that arriving at trading
basis is matter of give and take pc
tween them.
Stability in the market for these
grades can not we'll be expected TO be
had until there is some broader COM
petition in the shipping demand. AS
yet the opening of the eastern states
with the exception of Ohio, which is
still closed. has not helped materially
to stabilize the market Eastern states
have been running lot OF cattle into
market centers and every shipment
there has drawn just so much demand
away from the local trade. The east
is pretty well out of good beeves now,
however, and normal early winter
good shipping call should be had in
the Chicago market.
Sheep.
Sheep went direct into killers hands.
Local receipts were of expected vol
ume and no big supplies were reported
elsewhere but packers are determined
TO hold values down as long as pos
sible even though the situation has a
bullish outlook. Dressed trade will
suffer for the time being, because Of
the demand for poultry, and buyers
will need only short receipts early next
week. However. after THANKSGIVING
the market should improve, as few
lovers Of lamb" would desert for any
length Of time. but country owners can