Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-12-16
HOGS EASE AFTER
STRONG OP[NNj
DEMAND NOT LARGE AND FIRST
PRICES FAIL-To HOLD
STRENGTH.
SELLERS REFRAlNSFRoM
PRESSING OFFERINGS
Cattle Trade R.th.r lbhE With Prices
Ateut steady saiTks = Trade in
Sheep pens from Il eErem Other
Points Review Of Market condi-
tions.
s

Chicago. Dec. 16.-Hogs opened very
strong today, but the demand was not
large and the market soon eased off, as
sellers did not press offerings.
Receipts for the first five days of the
week total about 10000 head. being
1890 less than same days last week.
$500 less than year ago and bu,ooV
more than corresponding period two
years ago
Eleven markets received 30.100 hogs
Friday, or $1,000 less than last Friday,
% 200 less than year ago and 2,Soo
more than two years ago. Total thus
far this week s25, 900 or $4,000 less than
Same period last week, $4,000 less than
like time last year and 2o5,oOo more
than corresponding five days two years
ago Total for 1916 to date 2S,l'2o pe
or s.s67.00o more than same period 1919
and S977, 900 more than corresponding
time. 1914. -
Cattle.
Cattle trade was rather light. but
values held about steady.
Disappearance of the long feds from
the markets promises to efface the sl-
quotation within short time. out II IS
improbable that supplies Of good Gual-
ity weighty- steers off short FEED VIII
come freely enough &c force them much
below 5000 level.
Cheap cattle are prospective or get
ting demand for weeks ahead. Cessa-
ton of the western range runs Is al
WAYS a factor creating good outlet LOT
the native steers of plain grade ana
altho federal government reports SLOW
the stock OF beef in storage to be much
heavier than a year ago now, the fact
remains that demand for this product is
relatively as much greater.
The east will have a shorter crop OF
cheap steers to market than was the
case in frs, weeks of this year, and
this presages good demand for the
lower grades from that territory and
further narrowing OF the range by
means of lifting prices for the lower
gra deS. 90 -g "a
Tax time in Iowa is approaching and
a Dig run OF short feds from that state
is on the horizon. High corn will drive
them in during the next two weeks.
since many feeders are anxious to un
load before tax day Jan. and will not
take advantage of the cheaper corn
price to hold onto their steers.
Viewing prospects as pointing to a
generous run, the trade looks for 1900
to 10000 cattle next Monday. but beef
trade action does not warrant hope for
good selling Of big receipts during the
holiday period, since poultry cost being
lower ttan at THANKSGIVING time. this
trade lis bound to handicap beef dis
tribution more than at, that time.
= - lfxfi
of choice beef and this alone is pros
pective of getting free action during
the next two weeks. Thereafter its
presence in big volume in chillrooms
will likely be a novelty for months
ahead. since the next crop in feed
yards is due 10 get only a short feed
Of high-costing corn .as,y yr;
Sheep. .z, ,-rss
The bulk Of the trade in the sheep
pens today was from killers from other
trading points, and prices were firm.
This weeks prices have been phe-
and unprecedented as regards
the general run of offerings and closes
at irregular 25d soc advances over the
best levels of last week. some sheep
gaining more. Receipts have held up
pretty well locally, being but about
s 900 short OF the week previous. but
the run elsewhere has fallen off and
a hungry call from killers to supply
Christmas orders and still higher pelt
values than had previouslSN been re-
ported were price boosting influences
Next week there is logical expectancy
of some letdown TO demand for fat
lambs. but supply prospects are not
reassuring to killers and despite the
fact that prices have reached an alti-
tude that puts a severe strain on the
purse of the average consumer. no
severe decline in line market IS ex-
pected. In :act any weakening that
may occur is likely to be of but brief
duration.