Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-02-26
HOG QUOTATIONS
SUFFER RELAPSE
PRICES GO TO LOWER BASIS
DESPITE MODERATE
RECEIPTS.
ABSENCE OF DEMAND
CAUSE FOR REACTION
Call For Cattle Indifferent = Light
Lambs Wanted, Otherwise Offer
inss of Sheep Prove More Than
Adequate-Review Of Market Cond-
tions-Current Quotation.

Chleaeo, Feb. 26.-Hog prices suf-
fered today from an absence OF active
demand despite the fact that receipts
We're moderate.
Four days this week there have keen
about 10000 hogs marketed al chi
cago. being "a 800 isSs than same days
last week, 4900 less than 9 year ago
and 33S00 less than corresponding Pc
Rod TWO years ago.
Eleven markets received 10000 hogs
Thursday. or 10000 less than last
Thursday. 2$,70o more than year
ago and 2+,110 more than two years
ago. Total thus far this week $4,000,
or 20 900 less than sama period las,
week 1000 more than like time last
wear and 1000 more than corresponds
ing four days TWO years ago. Total for
1915 to date 5.SSs.ooo. or l $4,000 more
than same period 1914 and s6900o more
than corresponding time 1913
Cattle.
Call for cattle was Indifferent.
The advance in The past ten days has
amounted 10 75cdsl on the bulk Of the
crop. and only the commoner little
steers near 70 stocker condition are
showing a lesser gain. The reaction TO-
day amounting 10 loTl5 cents from
high point Wednesday, still left he
general trade 60MS5 cents above loy
point. There was some recession from
top prices in the late rounds Wednes-
day. in fact. and sellers who expert
enced the weaker prices then were dis
posed 20 quote today's market no worse
than the finish Wednesday.
That he trade Will need very mod
crate crop az the outset next week TO
prevent strong recessions in patent
Given a generous run. induced by the
big price gains recently and there can
only he looked for an old fashioned
bear raid on the market, which will
have effect in chopring prices down at
abou. as fast a pace as they have gone
higher recently.
The country will conserve its inter-
est by going slowly and giving the
market q supply only up 20 require
ments There is little fear now that
any big part OF the recent advance viii
be lost. since Il is felt that the avail
able steer supply ready for market is
not large enough 70 cause any perman-
ent hig movement of cattle.
Sheep.
Offerings FOR sheep and lambs We're
more than adequate except that lis II
lambs were wanted
A consignment OF lambs from the
Indiana experiment station at Lafay-
cite sold on the Chicago market We'd
nesday al $3.50 per cwt creating new
February record. A year ago IS took
the same goods. but the 'rade is run
ming into unprecedented scarcity OF
mutton and much higher market is
predicted before the Kentucky and
Tennessee crop Is ready for the butch
or. For zen years past he country has
been getting ont Of wool and mutton
production. but Liquidation of western
fiocks during that period created an IL
fusion Of pientitude.
Fear of ruin as the result Of free
trade was the incentive. hu. the boom
in wool has ceusel change OF senti-
melt and efforts are now being made
to reinstate depleted flocks. During
The period OF REPETITION not only is NUT
ton likely 20 be placed N the same
category as lobster and terrapin- but
the kind of wool that goes into ready
made clothing is destined 20 command
Iucra tive prices.