Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-10-07
MARKET KEEPS UP HARDENING
PROCESS AS RECEIPTS SHOW
FALLING OFF.
MOST GRADES SELL
AT ADVANCE OF CENTS
Bulk Of Cattle Consigned Direct to Big
kiIlers--Sheep and Lambs Also Go
Into Packers Aands-Revew OF
Market Conditions-current Quota
tions at Live Stock centers.

! Chicago. Oct. Hogs hardened in
/ value today owing to comparative
J scantiness Of arrivals.
The comeback" of the hog market
unduly alarmed by the onslaught made
| by the packers. 1t Is known fact
, that the packers had no idea of being
able to get off such meat ak chunks
as they did in the two or three days
! Of slumpy values. There has been a
: deep seated belief. that prices were
too high to last and that the wise
thing was to cash in while cashing
was sood. The trouble always Is that
people who hold want to hold for the
high point and they never know it un-
til it has passed. then the scramble to
get in usually causes downward
rush that upsets all calculations. What
Is most needed is less holding for
high" and less rushing when a down
turn sets in -t..-
The seven leading western markets
Friday received 1900 fewer hogs than
week ago and 5000 more than year
ago. Chicago today had 500 less than
a y
ago. First five days OF this week the
seven markets received 10000 less than
week ago and 10000 more than
year ago. Chicago first FIVE days OF
this week had $500 more than a week
ago and $500 more than year ago.
Cattle.
Most of the cattle went to killers
direct.
Advance in prices, which UP to mid
week measured l5@25c or bulk of good
to choice grades. has been partly lost
since then. but the greater quota of the
weeks business above $500 was at least
15625c higher than week ago, that
advance being in force up 10 the oiVse
Wednesday. Thursdays session showed
weakness as result of Indifferent ship
per action and most Of the packers
were short buyers, altho one house in
sisted today that it needed good cattle
Thursday and could not get enough OF
them to fill its wants.
Even some of the plain short fed stun
have gone little higher than last week,
tho on bulk Of such grades the trade
reflects no strength in prices nor Is any
probable as long as the big range
movement ia under way and there
continues as we'll a heavy exodus from
corn-belt pastures.
This weeks supplies, carrying con-
rinued short quota Of we'll fed heavy and
handy weight steers, clearly Indicated
growing scarcity Of these classes for
the market within the next two months
Cattle such as sold at $11.00d 1925 this
week were kinds that could not have
made within Is cents of the money last
week and stun at s11.a5 in mid-week
probably would have had to go at $11.00
a week ago A really prime drove OF
heavy steers is quotable up to s11.5o.
but whether that price could be had Is
conjectural, since killers seem deter
mined to hold prices down on the top
grades. and this week have paid rela-
lively better rates for kinds few
points in quality below prime than for
the toppers at hand.
Yearling trade has been strong and
higher on all the good to choice lots,
but q generous quota Of cheap ana
m edium grades off grass and short
corn feed had slow action and little
price gain.
Sheep.
A large part of the receipts OF sheep
and lambs went direct to big killers
Native lambs have been in meager
supply all this week and close mostly
% cents higher than week ago on
lambs, sheep strong to Is cents higher.
| The range movement has been liberal
and altho the market is closing 15g
% cents higher on most fat range lambs
than Monday, with some sheep showing
similar gains over the weeks low spot,
prices are still steady to 10 cents
lower on the bulk than week ago.
Feeding lambs have been in liberal re-
ceipt and show irregular declines from
week ago the best light and handy
weights being down 25635 cents and
some of the palmer and heavier classes