Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-08-04
HIGH WATER EASTERN STATES
CAUSES DECREASE IN SHIP.
PING DEMAND.
BOTH CATTLE AND HOGS
ADVERSELY INFLUENCED
Hog Prices Recede From High Point Of
Tuesday-corn-Fed Steers on Higher
Basis Than Last Week-Start OF
Range Season at Hand and New
Competition Is Foreseen.
Chicago, Aug. 4.-Hogs declined to-

Chicago, Aug. 4.-Hogs declined to-
day, Influenced by floods east causing
reduction in shipping demand.
Top hogs Tuesday sold at $7.95, be-
ing 10 cents higher than Monday, and
the highest in about two weeks. The
range of prices continued wide. Sew
eral lots OF lights made S1.S5@7.9O,
while large number of packers are
still selling down around S6.4O and
under. The advance Tuesday did not
have any effect in bringing prices any
closer together
Eleven markets received $4,000 hogs,
or 124O0 less than last Tuesday, 1880
more than year ago and 2S,3OO less
than two years ago. Total thus far this
week $4,000, or 1000 less than same
period last week, 10000 more than like
time last year and $4,000 less than COR
responding two days two years ago
Total for 1915 to date 16,126,000, or
2,163,000 more than same period 1914
and 100000 more than correspond
ing time 1913.
Cattle.
Cattle were affected by the food sit
uation.
The rank and file of corn-fed steers,
20 cents higher than the close last
week and mainly 5000 cents better
than week ago, but this price appre-
citation has been scored only on mod
crate supplies. Beef trade, while APP
parently acting better than week ago,
as evidenced by freer buying on part
of the killers, is still not Of strongly
bullish nature, and conditions will
ia before
market can again assume a bullish
tenor and hold it. Nursing the supply
is good policy on part of country
shippers. With the range season about
to open and some fairly generous sup
plies from the northwest and trans
Missouri pastures due to arrive with
in the next week, there will naturally
be strong competition from the rangers
against the medium and plain native
grassers and short-fed steers.
The start OF the range season Is
really here This Is two OF three weeks
later than usual, but reason for it has
been the green pastures in the north
west this year. While cattle have
done we'll in the northwest, accord
ing to the reports, the first supplies
from there have shown no very good
! dressing ability due to the green feed.
and westerns will necessarily have to
come harder In flesh before they will
prove severe contenders against the
native stuff.
| Once the range season is in full
swing competition against native stuff
can well be expected to be severe.
though with the European trade calling
for surplus Beef crop there is small
probability that native values can be
forced materially below current levels.
Sea sonable break in the past three
weeks has put the price list for the
erassers and short-fed steers on their
relative level as against the finished
class. There is small likelihood Of price
breaking for finished grades. This is
apparent by reason Of the keen de-
| mand for prime handy and heavy as
we'll as yearl'n. grades now. Mondays
top of 5000 for prime Ohio yearlings
re- established the high line even with
previous top level this year, and while
the prime heavies are still a few points
below top for the season, scarcity OF
these is not calculated to do the price
harm in the immediate future.
Sheep.
OFFERINGS Of sheep and lambs were
| not plentiful.
A spread Of from $3.50 to S.75 took
most decent to very good native lambs,
! ss60dS.75 the bulk, while $3.50 was
| reached to packers for some choice ma
tives selling straight. Sorting was
| light thruout, numerous lots selling
straight. Best natives were reasonable
enough at the price as contrasted With
values current on good range lambs,
but the $3.50 and lower priced stuff
was high for the kind such prices
brought.
| For fat native ewes it was largely a
s660M665 market, more selling at the
! latter figure than on yesterday, but
| buyers fought against going above the
/ latter figure for strictly choice. al
| though some Of the $3.50 stuff needed
more sorting than it got to make it
| strictly good. Only odd native year
lings or matured wethers were to be
found A few inferior Gull ewes, a gov
eminent kind, sold as low as $3.50, but
| s4M5.25 was paid for decent to best
Gull ewes.