Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-10-23
Strength DEVELOPS
N HOG VALUES
CUTTING DOWN OF NUMBER OF
ARRIVALS IMPARTs BETTER
TONE To TRADE.
MARKET STRONG AND
GENERALLY HIGHER
Nearly All Cattle Consigned Direct to
kiIIers-Prices on Basis Consider
ably Lower Than Week Aso-Sheep
and Lambs Also Feel Effects Of
Hammering Of Markets by Packers.

Hammerng Of Markets by Packers.
Chicago, Oct. 23.-Hog prices de-
veloped little strength today as the
result of a little cutting down of the
number of arrivals.
Another drive at hog values may pc
expected shortly. Packers make no
secret of their intention to put the
winter market on 6-cent basis, in
tending to recCup themselves Tor losses
sustained on the stuff they bought high
last winter. The trade does not be-
leve they will be able TO put this over
but it is in the program. The break
this week causes no surprise-in fact,
it was overdue.
Eleven markets received $4,000 hogs,
or $500 less than last Friday. 1900
less than year ago and $500 less than
two years ago. Total thus far this
week $4,000. or 10000 more than the
same period last week. 5000 less than
like time las, week and $4,000 more
than the corresponding five days two
years ago. Total for 1915 to date 90
10000, or 100000 more than same
corresponding time 1913.
Cattle.
Nearly all the cattle were consigned
direct to killers.
A genera! slowing up Of demand in
midwaek trade after early rounds
forced lO@l5 cents decline on bulk of
the medium to good shor,-fed and
grass steers and also for the cheap
and stockerv kinds, as against the
Monday level. There were cases of 25
cents decline in fact. for big grass
cattle notably plain grades that went
down from 1925, and these as we'll as
bulk of the cheap stuff thus have lost
most Of the VI onday advance.
Explanation for the reversal OF prices
since Monday Is offered by killers in
the argument that the big accumula-
ton Of beef last week has slowed up
trade action That being tho case. con-
dit.ons the week ahead can not be ex-
pecred to show material improvement
unless the country follows the policy
laid down at the start this week and
ships moderately. AS long as the mar
ket is confined to local outlet Tor
supplies there must be caution exer-
cised In cashing stuff II cratic price
fluctuations chiefly averse to feeders
interest are to be averted.
The fiye-day run this week stood
AZ, 500, against 5s.973 week ago. and
what would have happened had re-
ceipts continued big can best be judged
by the performance Of the market after
midweek when demands were once we'll
filed, The run has included 1900
westerns, largest of the season, and
while rangers went 1925 cents and in
some cases even more above last week.
during the first two days, they, TOO,
broke hard later, prices losing most Of
the early week gain. Total run at SIX
points this week stood $4,000, de-
crease of $1,000 from week ago and
10000 les than a year ago, the terrific
declines at the river markets last week
effecting a sharp shut-off in supplies
there.
Estimates for next Monday ranged at
1900 to 10000, but beef trade condi-
tons are such as warrant the smaller
crop being landed here.
Sheep.
The bulk of sheep and lambs went
direct into killers hands.
A feature Of the week has been the
reduction in the supply OF range lambs,
their poorer killing quality. betokening
an early windup Of the movement OF
good grass-fat range lambs and the
Increased supply Of native stock. More
really good native lambs are running
now than good westerns and the form
err where Of handy weight, are finding
best favor.
AS is usual when any number OF In
experienced feeders are in the game,
quite few prematurely picked west
! elO n
this stuff is in no better flesh condi-
ton than when it went out as feeders
and stuff in that condition Is naturally
not meeting favor with the killers.
Some Of this light stuff has sold as low
as 5.756775 and others at S.00@S.25
were no better than good feeders. The
| trade strongly urges feeders to hold to
| anything they may have in feed until
! it is in good condition for the sham
| bles, believing that this method alone
will permit feeders to get out profit
| ably on this seasons feeding oper-
atoms.
| Prospects are for small movement
/ Of range stock next week, but natives
are expected to move with some free
dom. If dressed market conditions inn
prove, a higher market for the stock on
/ foot. especially for good handy lambs,
+! is logically expected, but there is no
reason at this juncture to crowd the
| market hopper.