Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-07-07

Chicago, July Z. Weakness de-
veloped in the hog market today owing
to the supply being much larger than
expected.
Eleven markets received $4,000 hosA
or $500 less than last Thursday, Is, SOC
more than a year ago and 10000 more
than two years ago. Total thus far this
week 100000, or 5000 less than same
period last week, $4,000 more than like
time last year and $1,000 more than
corresponding four days two years ago
Total for 1916 to date 1921, 900, or
1,I54,00G more than same period 1915
and 8, 166 geo more than corresponding
time 1914.
Cattle.
Cattle were comparatively scarce.
Qualities have deteriorated as re-
CARDS bulk of. the supply and poorer
dressings have called for aggressive
action on killers part to reduce costs.
Their inability to hammer prime
grades equally as hard as the short
fed grasser kinds is alone due to the
fact Of short supplies Of long-fed
beeves.
High prices have induced prema ture
marketing of thousands of cattle off
pasture and a little corn during the
past two weeks and the effect of this
movement will be felt a month ahead
Range run then, unless generous, and
there is small likelihood of that supply
status, should be well appreciated by
killers, since the country can not cash
natives off pastures in premature con-
dition and still assure normal crop
for later weeks this season.
This weeks net price results are not
inspiring confidence in sellers ability
to work values higher later on under
supplies of current volume. What the
market appears to need is short crop
of grass for a period of two weeks If
the bullishA force behind the demand
in recent weeks Is to be- put in re-
appearance. The country is not dis
posed to supply the trade in that
manner. There is a tendency to cash
that putting the money in the bank ID
the proper move at this time.
Conditions are not favorable to con-
tinued free moving Of cattle into the
trade Holiday on Tuesday failed to
effect a material decrease in supply
this week, the big midweek run, which
totaled 22.62s, being more than a
normal Tuesday and midweek supply,
and the week to date supply stood
35.40o. against 1874 week ago and
39.1s9 a year ago. Packers had train
of southern grassers direct today. AT
seven markets the supply. this week
stands $4,000, against $4,000 a week
western points have had generous
western points have had generaps
supplies of cheap and middle quality
steers and few good ones, whereas
generous quota Of the local run has
been Of good condition, altho choice
qualities were not plentiful. There Is,
however a lesser need for big weight
choice steers than few weeks ago.
These, along with mediocre qualities,
are affected by a slowing up Of beef
demand. which in turn is occasioned
by hot weather and high prices at re-
tail. That the limit of consumers
purchasing power has been reached
would seem apparent now, and this
is the main factor causing severe de-
clines in all excepting choicest beeves
from high spot a few weeks ago.
Sheep.
Half Of the sheep and lambs that
arrived went to packers direct.
More native lambs claimed sloF
than on yesterday. Packers fought et-
forts of the selling side to boost this
figure and some choice natives at the
price were only steady, but a gooo
many lambs sold at, the same figure
that could not have made the price
Yesterday and sorting was not as close
! in most cases as the stuff warranted
Some medium lambs sold at s1o.25G
1850 and culls sold from sS.00G9 900, the