Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-02-26
QUOTATIONS REACH HIGHEST
POINT ATTAINED SINCE LAST
OCTOBER.
DIMINISHING RECEIPTS
INCENTIVE TO BUYING
Arrivals Much Lsss Than Expected BY
Trads-Cattls Quotations Almost
,Noninal-No Urgent Call For Sheep
and lambs, Which Show Price
Losses During Week. .ee t

Chicago. Feb. 26.-Hog prices today
were the highest since last October.
The immediate incentive for buying
was the fact that today's receipts
proved to be much less numerous than
expected.
Eleven markets received IS, 600 FRI
day, OF 27,4O0 less than last Fr1day,
5000 less than a year ago and 11.10O
more than two years ago. Total thus
far this week, 100000, or 10000 less
than same period last week, $4,000
more than like time last year and III
900 more than corresponding five days
two years ago. Total for 1916 to date.
6,S5s. 900, or 1885, 900 more than same
period 1915 and 2,2ss.0o0 more than
corresponding time 1914.
Cattle. ;ssee
Cattle quotations were almost nom
inal. -st a1J5 5.ar 4t.
That the trade has passed the danger
point as far as permanent price recess
sions are concerned now seems assured.
Killers have enormous European orders
for beef and there is a broad domestic
trade occasioned by general activity IN
the industrial situation. This means
liberal consumption of beef. Higher
prices for pork and mutton help TO
stimulate beef action. The country -
almost bare OF fat, long fed cattle. In
many places there is certain to be
period Of acute scarcity. developed in
supplies Of medium to good grades be-
fore many weeks, which will have
strong effect in boosting prices ma
terially above current; levels.
The feeder competition Will take care
Of the lower grade beef steers. forcing
killers to give them generous support,
while scarcity of the fat, long-fed kinds
should be the lone reason for their good
sale ia 1 y.a.g=. .. .., .1,.
Over that sectienJof the country west
OF Chicago to the:AIssouri there is not
one Of cattle GA feed now where three
are ordinarily, soft corn and the forced
early season consumption of which was
followed by cattle liquidation in mid
winter. being the reason for this. Such
territory Is ordinarily looked to for gem
erous spring supplies, and not having
them this season there is bound to be Q
tat cattle shortage as the trade goes
into March and April and later months.
This weeks run stood l7.4o0 N, FIVE
days. against 40,s4k!a week ago and
30.594 a year ago. while at the seven
leading markets total in five days stood
$4,000, against 1900 = week ago and
le9, ooosa year agos, IL eys, A44
asAs thefo Lenten season approaches
some little bee rtsh feeling may spring
UP in the market, buteit is likely to
be short lived: .Isent opens the second
week in March, but there is small ike
lthood, in view OF certain lack of gem
erous supplies. that the market can
matertallys,be affected by adversely as
aresultsof beef abstinence imposed by
ensobservaRce's sl,so
..s 10, ff,er, - = Sheep.
- There was no urgent call for sheep
or lambs. TO- .,,c-
The close this week shows tho mar
flset about Io@15 cents lower on prime
lambs than a week ago. with inbetween
kinds little changed. Choice ewes, both
native and fed western, are on about
the same basis. while yearlings and
Pmatured wethers are 1925 cents
higher, The Lerten season, which
starts March s, may have repressing
effect on the trade, but with conser-
vative marketing prices ought to hold
around steady.
There Is strong demand for anything
Of feeding and shearing quality at the
highest prices on record, and this call
is giving packers strong competition on
the inbetween grades. A two-car lot OF
Montana ewes just OF the range. old
and thin in flesh, were sold at one Of
the feed-lots near Chicago for feeder
account at IS per cwt, feeding year.
ling wethers sold here this week up TO
$3.50 and feeding lambs Of right good
to best class at ,,S1O.55 al 1920, record
prices AN ri