Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-06-26
EXPECTED SLUMP
FAILS T0 APPEAR
PACKERS oUTGuEssEp AS TO
PRICES AS WEEKS HOG
TRADE OPENS.
RUN NOT CONSIDERED
IN EXCESS OF NEEDS
Entire Market String at Slight Ad-
vance Over Saturday, Mixed Selling
Up to s1o-CattIe Market Firm, o.
ferings Showing Improvement in
ouality-Sheep and Lambs Weak.

Chicago. June 26.-PackerS who held
out bids Saturday in hope of seeing
big run and a decided slump today
made a poor guess. While fresh ar
rivals were about $4,000 head, demand
was strong and values advanced, pest
mixed selling up to $40
week totaled 155,200. the largest sihee
March. barring the first week OF May.
an increase of LOO compared with the
previous week, $500 compared with
the same week last year and 2s,oou
compared with the corresponding week
two years ago.
Average weight Of hogs at Chicago
for the week was estimated at 2Zi
pounds. the heaviest since last Sep
tember, one pound heavier than the
previous week. four pounds lighter than
same week last year and eleven pounds
lighter than corresponding week two
years ago.
Top hogs at Chicago for the week
made s10.15, paid on Thursday, same
as previous week, and a record for
June. against s7.95 the same week last
year and $3.50 corresponding week two
wears ago. Average price figured $3.50,
or cents higher than the preceding
week, s2.1e higher than year ago and
$50 higher than two years ago.
Cattle.
Cattle market was firm. the arrivals
numbering some of good quality,
which helped TO lift the medium
grades.
Whether or not the slump has run
its course and the market been placed
on summer basis is a matter on which
difference of opinion exists, but a con-
viction is developing that prices now
represent intrinsic value. If unfit stuff
could be held out a healthier tone
would be injected. and this II is up to
the country TO do. Cattle with little
kill recently had active butcher compe-
tition. but new developments relesated
them to the stocker class and there will
be good judgment in keeping them at
home While few prime cattle are
selling above Sill. killers are getting
some light erassers below IS and
spread of SO per cwt on the bulk OF
steers would seem to be about enough.
An effective method of arresting the
sprea d widening process will be hold
ing light cattle back,
Outside demand has been lacking,
which has facilitated the drive. Order
BUYERS have either been Tin the house
or fussing around looking for few
loads and that competition has been
practically eliminated. Pennsylvania
barn and Kentucky 'stiller cattle have
been cut loose and Virginia pastures
are beginning to contribute a little beef
to the eastern supply. Order buyers
in for ing the
way Of business to turn up, but it has
not materialiZed and a stout prop has
been lacking. e.
Sheep. 49,
Sheep and lamb trade was weak.
New crop lambs are practically mo-
nopolizing the claims to popularity
with killers in the ovine trade and
are holding a remarkably and unpre-
cedentedly high basis for this season
of the year. The run at Ohio river
markets was disappoint to killers
the fore part of this week, and tho
supplies have been of better volume
there the last few days, not enough
have shown up to damage the price
list very materially. Closing prices on
springs are steady to Is cents lower
than Wednesday, high day this week
and firm to 90 cents higher in extremes,
mostly 1od15 cents UP. compared with
a week ago. Evidence is being fur
nished that Tennessee springs are al
ready closely garnered. but Kentucky
stuff will run freely for a few more
weeks. Idaho lambs are now showing
up in seasonably larger volume, but it
is extremely doubtful II supply of range
lambs will be sufficient to permit
killers to inaugurate successfully a
bear campaign late in June or in July