Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-11-15
HEAVY RECEIPTS ON TOP or
LARGE SUPPLY OF LEFTovERS
CAUSE LOWER VALUES.
PRICES DROP is
CENTS ON DULL MARKET
Cattle observation-disclosures Plainly in
Of Market Conditions-Current Quo
tations ia Stock Centers.

Chicago, Nov. 15.-Big receipts and
a large left over supply put hog values
today on the down grade.
Hog receipts at Chicago this week
probably will be the largest of the sea-
son and most traders anticipate de-
cline which will carry the top price
below 1000, against 1880 Monday, for
some prime heavy butchers. The pack
ers are able to buy droves weighing
100 to 200 pounds at 9.40Q9.6o, but
shippers are giving more for prime lots
of the same weight. The abundance of
offerings weighing lao to 40 pounds
is certain to cause such offerings IL
suffer a slump, and even tho heavier
lots are in moderate proportion, they
probably will go off a little along with
the underweights.
A wider spread in prices is expected,
but so far the cheap kinds are holding
up comparatively we'll because eastern
shippers are liberal buyers of them on
every break. Every buyer and seller
knows that there are few $50 to 3oU
pound hogs ready for market and this
class will command premium al
winter The average weight OF hogs at
Chicago last week fell down to l9t
pounds and proved the lightest since
January but ther are weeks ahead
when the average weight will fall be-
low 100 pounds. Corn is high in price.
but many are willing to feed it to thei'
hogs, for the country is wise to the fact
that weighty arrivals will find goo.
hot than
year ago.
Eleven markets received 1873, hogs
Tuesday, or $500 more than las.
Tuesday. $4,000 more than year age
and $500 more than two years ago.
Total thus far this week $1,000, or
$4,000 more than same period last
week. $4,000 more than like time lass
wear and 103, 900 more than correspond
ing two days two years ago When TWO
eastern markets were quarantlned.
Total for 1916 TO date 29.142,00o, or
2 49,. 900 more than same period 1919
and 5.6ll.o0O more than corresponding
time 1914.
Cattle.
Cold weather tended to upnolo
cattle quotations.
Ability of sellers to hold strictly good
short fed handy and heavy steers and
also the good to choice long feds at
last weeks prices as was done in the
Monday trade, only testihes to the ex-
cellent demand for these classes at this
time. Beef trade for all grades IS hoio-
ing in strong condition, and with meas-
er supplies of we'll fed steers coming IN
to the market, there is little cause lor
owners of good beeves to feel that the
bottom is going to slip out OF the mar
ket for that class. Short fed hlgh quar-
jtv steers sold up to 5000 @1O.95 Mon
dav, here and there some Sixty DAY Aeu
staer, hearing $1,000 and a lot Of the
I 200 70 1850 pound stuff landing above
$40. had been fed corn only around
sixty DAYS. The demand is broad lof
that kind because killers can not get
enough of the longer FEDS 10 go tue
rounds. and while this situation con-
,inues there is small chance for mate
rial price breaks.
with the better sorts Of short fedS
showing nice profits owners are DIS
nosed TO cash them freely, but every
load Of that kind coming now means
iust that many less six weeks to two
months ahead. Few feedrs who are
cas;hing short feds are willing to re-
stock and feed corn at it's present high
level.
Opening up the stalk field gates ana
driving stuff out Of them to the loao-
ing station is a policy being generaly
followed at this time, and It presages
weakness in prices for all such classes
along with corn warmed steers as long
as the big supplies keep coming. XIII
ers having Equidated. their frozen beef
stock., which were accumulated few
weeks ago. and are in position now
TO absorb another heavy run of cattle
but the human instinct to get them
lower when they come in excessive
numbers is strong and that practice Oh