Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-02-21
PRICES TEND TO HARDEN BE-
CAUSE OF FAVORABLE CON-
PARISoN OF FIGURES.
ENTIRE MARKET STRONG
TO S CENTS HIGHER
Despite Liberal Offerings Values Tend
to Higher LeveIs-Prospects For
Good Demand For Feeders Strength
ems Cattle Market-Sheep and Lambs
Meet With Ready Sale.

Chicago, Feb. o1.-,EIog prices tended
to harden today because OF the fact
that the supply here, al;ho a good
sized one. turned out to be much short
of last Mondays total.
Hog trade has not lived UP TO the
advertisement written by the packers
several months ago on the strength OF
| me largest crop the country has ever
raised Packers reckoned with the
! bumper corn crop Washington statis-
| ticianS insisted had been raised. even
after everybody else knew that an I'M
! precedented August frost had serious
! ly impaired II. Had that corn crop
. expectancy been realized. 1916 pork
production would have been of enor-
! nous volume and storage capacity
! would have been oyertaxed. but no
! such accumulation is possible as mar
, ketinG large percentage of the pig
crop at weights running from rs to
! $50 pounds was Imperative. and while
! bacon curers have had a harvest.
! packers accumulated little regular"
stun during the first half of the winter
: packing season. and, owing to low
! prices, consumption OF fresh pork was
! on an enormous scale Lard. owing TO
| closure of the German market. has
been accommodating. and is somewhat
aiscredited comm odity among specu-
latorS on change. but u short corn
crop never was responsible for cheap
fats and never will be: consequently
lard will probably command more re-
spect as the season works along.
The average price of hogs at Chicago
/ last week at $500 was same as pre-
SrS,
year ago. which vas about the lowest
1915
Cattle.
Prospects of good demand from
feeders strengthened the cattle mar
ket
Supply decrease has been the sole
bullish influence the. past week. if
killers are to be given credence, but the
s. and so cent advance since the low
spot last week carries at least sug-
gestion that beef is salaible COM
modify and that little of It is being
tanked Diminished supply has GER
tainfy been an aid to the selling side.
from the manner buyers have acted
since the high spot Wednesday, few
more cattle would have caused n low
er finish. There Is tip for the coun-
try in this and care should be taken
not to overload the market early next
week The best tonic the market can
be given Is evenly distributed receipts.
There has been a car shortage in the
country and # railroads are able 70
move the stuff this weeks advance
may give buyers easier picking early
next week. IN which case they will take
of something. During the correspond
ing week of 1915 the market declined
10 and IS cents. but this was the ma
tural reaction from the previous dollar
Suise
Partial restorat ton Of the feeder out
let has exerted a sentin entail influence
on values this week and steers selling
below s7.e5 show the full advance.
Only Few loads Of feeders have gone
to the country. hut yard traders picked
up considerable number early in the
week and, altho they resold most OF
them later to killers. their Influence
was felt Continuance NJ this compe
ttio7 will help cattle now selling be-
low IS, as when killers can not get the
kinds they have been buying under
1875 they will he compelled to go to
higher priced grades What stuff has
gone to the country has cost $3.50 and
tT25. There Is no lack Of demand and
Illinois feeders alone would have al
sorbed several thousand head but for
red tape obsta cies. since snoothed out.
BY next week the stocker and feeder
outlet Will he materially wider and
competition on thin steers will be a
factor.
Sheep and lambs met with a ready
/ sale
| OTNSERT SHEEP .. -. .....
The market continues TO show re-
markable strength. in view of the fact
that supply. while below normal. Is
holding TO a better volume than had
| been generally anticipated. Chicago
receipts last week total about $4,000.
against 69.44o the previous week and
| 52,441 a year ago when eastern en-
| bargoes We're curtailing the movement
to and from this market. Two years
ago Chicago received 124,375 head Six
western markets have had combined
supply of $4,000 this week. against
$4,000 last week and $4,000 year
ago.
! The market closed last week with
| lamb prices Just about steady with a
week ago. while sheep are strong to
a shade higher Colorado furnished 152
Ihi . VI i'i' irCtlplS "Cch' dDOut
seventeen cars Of ewes and the balance
! lambs.
| Buyers are discriminating against
heavy lambs, and they are selling at "a
| discount of about 25 cents from the
same class Of handy weights.
| The market seems to be on a arm
basis and with conservative marketing
| (Which appears probable, az most OF
the supplies TO come from now on are
in strong hands, higher levels will un-
doubtedly be attained as the spring ap-
proaches and scarcity becomes more
acute. 1t is the general belief OF the
trade that the record Of $11.s5 hung up
last year on Colorado-fed lambs will be
1 reached and passed before the present
| feeding season is over.
Chicago Live Stock.
Chicago. Feb. q.
Cattle-Estimated receipts for today,
! 1? Oil1. narket firm,