Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-06-03

Chicago, June 3.--Hogs were slow to
5 cents lower today, packers refrain
ing from bidding and offerings being
difficult to sell.
Packingtown expectancy that June
will witness dollar break in hog
values is not shared by the country.
Buyers at interior points assert that
the usual June run occurred in May
this year. Prices are high enough to
exert a magnetic influence and hogs
following cattle went to market with
the droves for which they scavengered
feed lots. Early in the season, when
growers were in a semi panic as to
hogs but bullish on corn, they sacri-
feed pigs by the hundred thousand
that would now be fat hogs.
Eleven markets received 90, 500 hogs
Friday or 500 less than last Friday.
$500 less than year ago and 1900
more than two years ago. Total thus
far this week 457 900. or 5000 less than
the same period last week, $1,000 less
than like time last year and $4,000
more than the corresponding five days
two years ago. Total for 1915 to date
1875, 900, or 1,6S3,o00 more than the
same pbIlOu 1919 anu 0,blS,UUU lUOIS
than the corresponding time 1914.
Cattle.
Week END cattle trade was slow ar
recent declines.
Killers explain the break in medium
and common steers this week on the
ground Of depreciation in quality and
dressing capacity, contending that in
trinsic values are not as much lower
as paper prices indicate, as they have
been under the necessity Of taking a
L. i grassy and short fed stuff that
G. nigh in the beef. No contention
l. tde that beef trade Is not healthy
O.. that product Is not going into dis
tributing channels as fast as It can be
prepared. The trade has been OK
tremely uneven below the SO line. At
this season buyers are apprehensive
of being stung and show timidity in
bidding on stock that is likely to dress
poorly. Cattle looking much alike
have sold so cents per hundred apart.
which shows how difficult it is TO
gauge the market NO heavy run is in
sight for next week. Cattle are doing
well on grass and holders are con-
scious Of the security Of their position.
consequently the visible supply Is in
strong hands. That shortage exists
IS an open secret There can be no
free movement OF good grass cattle for
another sixty days at least. Some
trash may show up meanwhile. but it
will cut little figure. Feed lots have
been depopulated. as prices were at
tractive aud feeders were under no
compulsion to nurse the market as
was the case a year ago. No famine
Is likely, as the low price OF feeders
In January and February induced in
vestment and these cattle have been
on corn since the March rise The
security Of the feeders position is en-
HANGED by a healthy industrial situa-
ton and a broad demand for meats of
all kinds.
At the close steers selling above
a025 are ar the high point of the year,
If not in trade history. but under that
line the market has slipped The 90
$4,000 grades have lost 25650 cents.
Below that line the decline has been
even more Considerable light stuff is
now selling at S.0oGS50 but it has no
pretention to quality. For counterfeit
yearIin-s it is a peddling trade. The
9.OO69.50 cattle have been sticky all
week and It Is doubtful II they have
had their full break. Good cattle are
likely to hold their own. as there will
be few available until they can be
vnada on a new corn CROP