Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-05-15

Chicago. May 15.-Hog values were
forced to the highest point in six years
today. The supply here was 5000 less
than on last Monday and 1000 less than
on the same day a year ago.
Receipts of hogs at Chicago for last
week totaled LOG, 900, the highest since
the last week of last October. and less
than one third as large as the record
week, at the start this year, a decrease
Of $4,000 compared with the previous
week, an increase Of $500 compared
with the same week last year. and a
decrease of $500 compared with the
corresponding week two years ago.
Average weight of hogs at Chicago
for the week was estimated at 2lo
pounds the lightest since the last week
of March, pounds lighter than the
previous week, 16 pounds lighter tnan
same week a year ago and Fl POUNDS
lighter than the corresponding week
two years ago. There was scarcity OF
prime heavy butchers from start to
finish. while pigs were more numerous
Top hogs at Chicago for the week
made 5000, nothing selling higher
since April, 1910. This price was the
highest on record for May and COM
pared with S10.05 the previous Week.
s7e5 a year ago and 1855 two years
ago. Average price figured $3.50, or
cents lower than preceding week, WV
higher than same week last year ana
81 40 higher than corresponding week
two years ago.
Eleven markets received only 34.100
hogs Saturday. with Omaha being cred
tied with the largest supply around the
circuit. Combined arrivals for the week
aggregated $50. 1000, or $4,000 less than
the previous week and lightest in over
a month, $1,000 more than correspond
ing week two years ago. Total offerings
for 1916 to date IL. 297 900. or !, 7oS.00O
more than same period 1915 and 3.493,-
900 more than corresponding time 1914.
Cattle.
Arrivals Of cattle were almost mad
equate to meet demands
All manner of beef is readily salable.
That is bullish condition Choce are
showing best action by reason of their
relatively cheapest cost when hung on
the hooks. Absence of a generous run
Of southwestern grass cattle is the FAC
tor which has held the intermediate and
plain, grades of native steers to rela-
lively higher prices in recent weeks
than paid for choice cornfeds. killing
percentages taken into consideration,
but as the season advances and run
of native grassers comes into the trade
price widening can be expected on these
classes.
Choice to prime steers registering at
s9.25Gl0.G0 are in a position of taking
care Of themselves in the market. Prime
yearlings, landing at $102b last week.
and heavies up to s10.10, scored these
figures for the obvious reason that
prime beef is badly needed and can not
be secured lower. Supplies Of that class
are running smaller and have been for
some weeks past. Only occasionally has
the market had a generous quota or
them, and each liberal days run of the
choice ones cuts that much deeper into
the supply for the market few weeks
later.
Bullish enthusiasm in the market Is
growing and expectancy OF $1,000 tops
is rife, tho traders are keeping close
in mind the fact OF consumer purchas-
ing power having almost reached Its
limit. Beef costs to the consumer have
been rising and must of necessity when
the raw material is on present high
level, but the consumer will OF like ne
cessity, restrict his purchases by reason
of inability to buy a normal amount of
the commodity at a much higher cost
than has been paid in recent months.
Purchasing power of the meat eater
must be recognized as quite as much
factor in regulating fat steer prices as
is the shorter supply.
Sheep.
Owing to the scantiness of offerings