Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-05-27
RECEIPTS NOT so NUMEROUS AS
ON CORRESPONDING DAY OF
LAST WEEK..
ENTIRE MARKET FRA AT
ADVANCE OF 5 CENTS
Prices Believed by Traders to Be on
Substantial Basis-Cattle Quotations
Almost Nominal Prices Below
Those Of Week Aso-Sheep and
Lambs Direct to Packers.

Chicago, May 27.-Hog values hard
ened little today. Influenced by the
fact that arrivals were not so numer-
Gus as on ,the corresponding day last
week
TIE fact can not be well concealed
that the hog market Is on a war basis.
Product by the million pounds is go
ing across the Atlantic weekly, DO
mestic consumption is enormous ana
cheap hogs are an impoSSlpllltv'
Canadian bacon house demand mas
been a stout prop under the market
creating premium for their rangE
hogs. which were formerly subjected
to a discount Packers are selllng
enormous quantities Of product TO the
British and French governments on
private terms, so that the pubilc mas
no way Of knowing whether the husl-
ness is profitable or not but popular
vote would be on the affirmative size
Of the proposition Packers would not
buy hogs after the present greedy
fashion unless the conversion process
was profitable. unless they were Neo
ND by contracts. and they are NOT III
the habit of getting into such predlca
ments. 4 June run IS logical pre-
diction hut war market is dlHerer'
propusi,ion The 1915 pig crop is
probably the largest the country has
ever raised and the Nttlc fellows are in
excellent health. That a big pig crop
means low prices is an illusion now
more or less effect lively diSpolled ana
there will he good market for every
shOat the country can raise unless all
signs fail.
l-.,fs nOGS
l-ridA, rr | 200 more than last FRI
day 1900 less than a wear ago and =
$40 more than two wears ago Tofai
thus far this week 45a 900, or 1900"
less than same period last week. 4.o"o
more than IKE time last wear ard 5000
more than c"rresp0n ding five DAYS two
wears ago Total for 1915 TO date l3,-
go 600 or Ia 200 more than same
period 1919 and 1862 oon more than
corresponding time 1914.
Cattle quotations were almost no
mral.
The recession In values from high
point in midweek ard again Thursday
chiefly affects cattle below s10.25, and
ext mt "f decline Is % cents. altho
generous quota Of the medium grades
are hardly more than 10 to Is cents Off.
Allowing for this break the market Is
still % to 40 cents higher than week
ago and bulk Of the choice grades
cnShed up to Thursday went 80 to 81
cents higher than last weeks closing
Cattle have brought $40 to s1025
which were off only three t. four
months feed. and long line OF
warmed up and short fed steers sold
at $40 to sa.S6 such as went $3.50 to
So below top levels in 1912 when prime
beeves were making SlH.'3 to Sll.
range Of $40 10 S1o.35 took bulk OF
beef steers this week. while four years
ago at top level spread OF So to $3.50
took the biggest share Of the run.
Thv. trade holds no fear Of break
in the market for choice to prime
steers The action Of Armour in buy
ing 100 stillors at an Omaha plan.
this week at $40 evidences a keen need
for beef OF choice grade. Killers are
doing their best TO hold down the lid
but It is a period when the demand Is
too big to enable them to control
prices and until the eraser crop be-
gins to run freely there is small like
lihood OF any permanent recessions OF
beef prices.
A one-day overrun. however, can
play strong part in forcing temporary
recessions. This may be the case at
the outset next week and should
supply OF 10000 to 10000 materialize
that day, as many believe will be the
case. the market will be logically due
for a reaction. especially on medium
to pretty good sh art feds. such as have
been making 1915 to s10.15 in recent
days These grades have been dress