Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-05-20
HOG PRICES AGAIN
DEVELOP STRENGTH
MARKET HAS UPWARD TREND
BECAUSE OF COMPARATIVE
ARRIVALS.
OFFERINGS FALL BELOW
THOSE OF WEEK AGO
ket Continues to Show Weakness
to Hold Off-Weshty Stock Under
Ban-current Quotations.

Chicago, May 20-Hog prices devel-
oped strength today on account of re-
cepits being less numerous than on the
| corresponding day week ago
Cattle liquidation has about run its
course and the tail end of the big win
ter hog crop Is showing up at the mar
ket. A shorta sc of beef during the lat
ter half of the year is probable and as
packers have their cellars full Of hog
product. they are naturally interested
in maintaining prices. The Spectator
and middleman refuse to invest on
falling market and the packer has
been carrying the load. There is con-
tident prediction that hogs will sell at
sS@9. After what has happened re-
Gently. however. stock yard prophesy
does not get much credence except
when it refers to sheep and all the
forecasters in that sphere have made
good with wide margin to spare.
Eleven markets received 10000 hogs
Wednesday. or 32.700 more than last
Wednesday. 1890 more than a year
go and 2o,S00 more than two years
ago. Total the first half of this week.
SoN'NNV-
period last week. $4,000 more than the
like time last year and 10000 more than
the corresponding three days two years
ago. Total for 1915 to date, 11.07s. 900.
or 1.S75.000 more than same period 1914
and 1.455.ooo more than corresponding
time 1913.
Cattle.
Cattle offerings were unattractive
he
ago and l5,50s year ago. making
$4,000 for the three days this week,
against 3l,499 week ago and 1886
a year ago. Six points supply'at 81
500 was 500 less than last Wednesday
and the half weeks run,at these points,
totaling $4,000. showed 5000 and TO-
600 gains, respectively. as matched
against week and year ago.
Increased run this week effecting
price lowering only on the plain and
medium grades of handy and light
steers, as we'll as big kinds, evidences
continued broad demand for beef, de-
spite advanced cost at retail. 1t In
dicates a satisfactory situation in beef
trade and augurs well for further
gains in the prices.
A notable feature Of the trade as the
N~>>~'"''
action on intermediate grades of 1900
to l,4oo-pound steers. That kind,
cashing today at ss.35@s.s5. were ready
sellers. and it was a case of the buy
er being forced to pay right up to
sellers asking prices. It is significant
Of carcass demand of good general
breadth.
Exports of beef and hog product con-
nf hl1Sf
ness having been done on the British
and French army account. Little
South American beef or mutton is en-
tering the United States for the reason
that Europe is absorbing the bulk of
River Plate slaughter house output
and will continue to do so. The en-
barge on Australian product continues
as rigid as ever, the British govern
ment being proverbially far sighted in
matters concerning the national food
supply.
Sheep.
Buyers continued to hold off as
much as possible in regard to sheep and
lambs, especially banning weight stock.
With wool selling high and lambs
realizing big money many are disposed
to resume breeding. Inquiry is COM
ing from all sections Of the Mississippi
valley and the east for ewes. South
Of the Ohio river demand is asserting
itself. Breeders are experiencing broad
demand for rams. One Kentucky
breeding establishment which makes
speciality Of Hampshires. netted II per
cent on invested capital last year after
making liberal allowances for depre-
citation, rent of land and labor.
Unless a high level Of values Is
maintained in the sheep market all
summer much current prophesy will
be discredited. A short May run is
certainty and as the southern lamb
crop has been badly dried out a June
deficiency is certain, especially as Ken
lucky and Tennessee breeding on
diminished scale. Elated with the
action of the trade in recent months,
producers are equally confident Of an
abnormally high market for months
ahead. Although the purchasing power
of the consumers will gauge hoof
prices.