Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-12-30
HOLIDAY RESTRICTS
DEMAND [AjiiliR|DD FOR FOR HOGS HOGS
SToPPAGE OF TRADE FOR FORTY
EIGHT HOURS CAUSES
PRICES TO REcEDE.
QUOTATIONS 5 AND 10
CENTS UNDER FRIDAY
Most Of Cattle Received Consigned
Direct to kilIers-Market Quoted as
Steady-Sheep and Lambs Go to
Packers-Review Of Market Condi-
tions-current Prices.

! Chicago Dec. 3O.--Demand for hogs
was restricted today because dealers
were facing forty eight hours stop
page Of trade.
| Hogs sold here Thursday UP to lo.so'
| while year ago Friday the bulk OF
the crop was selling below 100 anu
only an occasional lot reached 100. the
! top The vast difference i'll prices
| does not mean similar amount o.
| profit, as the present cost OF ieedlhs
! is far above that of year ago. How
ever. country owners are making manu-
some profits. The hog grower mas en-
/ joyed a good year. He marketed
record crop, and undoubtedly never
| before received such prices for the en-
| tire year Values stand highest since
September and the advance has been
steady for several days, but most
| traders look for a temporary reaction.
There is no doubt that the market
will Immediately recover, as by-pro-
ducts are bringing handsome prices. IL
= true. however that hogs are not cut
ting out as probably as short time
a 60. but packers who have the facli-
ties for handling the products othef
than the fresh pork are not complain
ing. The situation looks ouiltsh and the
return Of the 100 animal Is not faf
distant.
Country owners have already un-
loaded their surplus and from now OF
re ceipts are expected 10 be more mou-
crate. altho il will he some time before
offerings Will be alarmingly small.
Eleven markets received l24- 4ho hogs
Friday. or 5000 less than last Friday.
81. 200 more than a year ago and 20
200 more than two years ago, when
Chicago had holiday. Total thus far
this week. 4s6, 600, or $4,000 less than
same period last week. 5000 less thah
ike time last year and $4,000 less than
corresponding five days two years ago
Total for 1916 10 date, 3O,6sS,00o, OF
4.116oO0 more than same period 1919
and 7.279 600 more than corresponding
time 1914,
Cattle. ,a...-
Most of the cattle that arrived We're
{ consigned direct to killers
The impression prevails in the trade
that price readjustment has about run
It's course, and under moderate mar
ketings there will be short Quotations
in the market during the first weeks
Of the new year. Short Ted anc
warmed up steers at current cost are
meeting decent outlet in consumer
channels Temporarily shortened oy
poultry competition, demand Is ex-
pected 10 hit its normal stride WITHIN
a short time. Killers have heavy or
ders for army beef, and with the IN
dustrial situation continuing prosper
Gus and cold weather acting as slim
ulus TO the demand, there is little pros
pect of the outlet narrowing In do.
mesric channels.
While liquidation of haif-fat cattle
has been general for weeks past, this
4 siowingup now and holdings appear
10 be in strong hands. Corn market
having hit the top and rebounded with
small prospect of again reaching dol
lar level, there is more OF sentiment
looking to longer feed than was the
case a few weeks ago. Many who nave
fleshy steers which are doing we'll APP
parently have reflected upon the GER
tainty of the big fall movement OF half
fat steers, depriving the spring market
Of a liberal supply of fat bullocks, and
are pointing their feeding operations
accordingly.
This weeks supply stands only 49,
500, against 66,S24 a week ago and A.
532 a year ago, while at seven markets
the run totals $4,000, against 202,oOg
a week ago and 117.oo0 year ago.
The holiday next Monday will likely
effect a shorter than normal crop in the
week ahead, according to trade belief
altho expectancy is for more cattle
next Tuesday than came last, following
the Christmas holiday. Getting cars il
still matter of difficulty in many sec
lions and while the car shortage pre-
walls the trade is likely to be spared
burdensome runs. Estimates on the
supply for next Tuesday were placed
at 1900 to $4,000, most gue"ses being
around 5000.
Bulk Of sheep and lambs went direct
nto hands Of big killers.
The market is closing the week at
1Jm25 cents higher levels than the high
time last week on most everything, tho
the extreme top on lambs shows only
the lucent gain. Best matured sheep
are a quarter higher and good to
choice yearlings are 25@40 cents up.
This has been accomplished on light
runs here and elsewhere, but in the
face of a sluggish pelt market. Prices
look too high to last, but the native
supply has apparently been almost ex-
hausted, fed westerns in corn-belt ter
ritory have been heavily drawn on and
the Colorado movement is not likely
TO get under good headway for another
two weeks. Big feed stations around
Chicago have furnished much Of this
weeks local supply and are now lightly