Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-06-04
RECEIPTS SHOW MARKED DE-
CREASE COMPARED WITH
SAME DAY OF LAST WEEK.
QUOTATIONS ADVANCE
TEN AND FIFTEEN CENTS
Cattle Offerings Scarce But Quality
Lacking and Not Of Character to At
tract Buyers-6uyins Of Sheep and
Lambs Restricted. With shorn
Lambs Selling at New High Levels.

J day owing to receipts being less nu-
the corresponding day a week ago.
! Export trade is a constant drain on
provision stocks and explains why
packers are so hungry for hogs. Lard
is still accommodating but the price is
well discounted under the meats and
stocks are in strong hands Should
the war reach sudden termination,
which is a habit wars have, even the
present huge stock of lard would dis
appear suddenly. Meat trade is in
being scarcity and high cost of NUT
ton. Canadian hogs are nearly 50 per
cwt above average cost in this country
which is not to be ignored.
Eleven markets received S0.400 hogs
Thursday, or 1000 more than last
Thursday, 400 less than year ago and
5000 less than two years ago. Total
thus far this week $4,000, or $4,000
more than the same period last week,
$4,000 more than like time last year
and $1,000 less than corresponding four
DAYS two years ago. Total for 1915 to
date 12,224,O0O. or 1,9S5,000 more than
same period 1914 and 1,402,000 more
than corresponding time 1913.
Cattle.
Cattle were scarce but the quality
was unattractive.
More Texas cattle have been running
this week, packers having eighteen
loads direct from ST. Louis Thursday.
but receipts from the west are still
light and good 900 a 900 pound steers
are faring much better than would be
the case if Texas was filling the mar
ket hopper to the brim. With light
grassy steers, however, 1t is horse OF
another color and that stuff has no
standard Of value. Killers are afraid
of 1t and are insisting on severe dis
counts.
The reaction since Monday Is Of
much the same nature as that OF last
week, altho little more severe. Sup
ply Is about 1000 less than last week,
but it has been a case OF few too
many long fed cattle, and. as usual,
the short fed stuff is giving the best
account Of itself. The statistical po-
stion of the trade is as strong as ever,
and the fact as potent that Europe
will want lot of beef during the next
few months A London message reads:
Meat scarcity is serious. There has
been no further London rise IN retall
prices this week, but many shops are
closing. owing to the imposibility OF
securing supplies. over 200 Glasgow
butchers shops have closed. Beef is
SO/per cent dearer than year ago, or
penny pound more than the famine
record Of thirty five years ago. Butch-
ers' shops over large parts Of the north
are Opening only on half day for four
days a week.
This affords some explanation OF
why packers are exporting such enor-
nous quantities of beef. During April
Argentina sent England only 1927
cwt. against 661,272 year ago. Aus
tralia's contribution was but 76.43l
cwt, against 94,SS1 a year ago, and
that Of Uruguay, 23,504 cwt. against
1O5.775 last year. British imports of
beef in April were 1929 per cent less
than last year, while cost Increased
52.32 per cent.
Sheep.
Buying on sheep and lambs was re-
stricted as much as possible but shorn
lambs commanded new high record
prices.
Wholesale mutton prices are 162
cents off from last week and best cuts
showed the most decline. This is evil
dence that the consumer is baking at
the lofty level Of prices In the butcher
shop, and packers are compelled to cut
them to find an outlet for dressed stuff
This had a bearish influence on the
livestock and further reaction woulo
be no surprise to some traders.