Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-05-17
HEAVY RECEIPTS CAUSE AN
OTHER MARKED DECREASE
IN VALUES IN CHICAGO.
MARKET ACTIVE At
IS CENTS DECLINE
Cattle Supplies Over Plentiful and
Market Turns Weak-No Urgent
Call For Sheep and Lambs-Review
Of Market Conditions-Current Quo
tations at Live Stock Centers.

Chicago, May 17-Big receipts to-
day made hog values tumble. Sales
We're brisk at the decline.
Receipts two days this week totaled
$4,000, a decrease Of 1880 compared
with the same period last week and
ing two days a year ago. However, ad-
vances estimate for Wednesday are
upward of 10000, and unless shipping
demand improves materially Local
packers will have another chance to
force prices downward. Inferior to
mixed packing went at 9.70@10.021s,
with one drove a little below 1000.
Mediums and butchers were secured at
1905 1O.1O after the opening round.
Eleven markets received 1OS,70o hogs
Tuesday or 20,400 more than last
Tuesday. 2l,1O0 less than a year ago
and 10000 more than two years ago.
The comparatively liberal run was a
surprise to many traders and it looks
as tho Mondays prices would be the
highest of the week. Combined re-
ceipts thus far this week totaled 222.-
900, or $4,000 more than same period
last week, $4,000 less than like time
spending two days two years ago.
Total for 1916 to date 12,519,000, or
10000 more than same period 1915
and 3,530,O00 more than corresponding
time 1914.
Cattle.
Cattle supplies were over plentiful
and the market weakened.
1t is apparent now that killers will
oh
ing until they run into the grass steer
crop. Winter fed cattle are running
shy. many sections being entirely out
of the long feds, and while Monday
supplies still show a fair quota of good
quality steers. the rank and file Of the
run are far from good dressers and
that kind promise to be in short supply
for many weeks ahead.
With corn planting in full operation
now there Is small chance Of the mar
ket being overloaded with steers. Ev-
erybody is taking bulish view Of the
situation and feeling that only the ex-
tent Of the consumers purchasing
power will be the price regulator in
the trade. Purchasing power of the
beef buyer must be given serious con-
sideration. All grades Of beef are at
practically record wholesale and retail
costs, as witness No. / ribs bringing
II cents a pound, Nc. . 1874 cents and
No. 1917 cents; No. l loins "a cents.
No. 1871 and No. 3 IS cents, while
rounds are selling at 11@131k cents. \
year ago best ribs sold at Is cents;
loins at Is cents and rounds made sta
tionary prices with those now in force.
Chucks. however, were / " cents lower
and plate beef u cent below current
levels.
The narrow spread between medium
to good and choice grades is not
merited by the contrast in qualities,
the higher priced cattle being cheap
est costing on the hooks, but every
thing of beef nature being urgently
needed, it is a poor time to expect ma
terial breaks in the medium and lower
priced grades, and any very severe
cuts in prices for them would only
encourage active feeder competition
for such kinds.
There was no urgent call for sheep
or lambs.
1t is useless to make prediction as
to how high prices may climb, but
buyers are almost willing to admit
that cheap purchases are thing or
the past for the time being. Other
markets had no big receipts and the
general situation never was as healthy.
The usual small supply of natives was
available and included few spring
lambs, which looked strong to higher,
considering quality.
Chicago Live Stock.
Chicago, May NEUTRALITY-SUSPICIOUS.