Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-01-10

Chicago, Jan. 10.-Hog prices broke
today under the weight Of huge sup
ply. Receipts were estimated at
$4,000 head.
Chicago, the worlds greatest live
stock market, last month established
a record for hog supplies, 1,174,530 ar
irving here, and at the very outset OF
the new year another remarkable rec
ord has been made in the arrival of APP
proximately 5000 hogs in one week,
exceeding the previous weeks banner
run by $4,000. This previous record
was made back in November, 1880.
Eleven principal markets received
$4,000 hogs in the past week, $4,000 in
excess of the previous weeks recorx
at these points. .Ht
Hog production inIthe past year has
been enormous. Cholera losses were
minimized and the saving of hundreds
of thousands Of hogs which had been
practically figured upon as likely vic
tins of the plague has meant a ire
mendous increase in supplies for the
markets -.-
Withai, there Is 3 demand equal TO
the supply. Market is running higher
rather than lower In the face of the
record movement or porcine stock.
Eleven mai llets received 1850 hogs
Saturday, making $4,000 for the week.
establishing a new record, which was
10000 larger than the former record
made ehe corresponding week in 1908.
The increase over the previous week
totaled 454,G0 Compared with the
same week last year the present weeks
supply increased 10000 and compared
with the corresponding week two years
ago. increased 100000.
Cattle.
Cattle were overplentiful.
The market ordinarily makes a good
showing in January and improvement
in values in the initial week Of the year
we'll indicates that this month is to be
no exception to Januarys In recen:
years which have z esta blished better
general prices than the closing month
of the year.
Industrial conditions are improving
and right now labor is generally en-
ployed on full time, while in many big
industries wages have been advanced.
This works for a BROADER consumption
OF beef. A big proportion Of the in
creased volume Of cattle which was on
feed In fall months, has.been liquidated
by reason Of the bad corn condition and
the improving situations in beef trade,
coupled with the fact that supply Of
steers now feeding isoconsiderably re-
duced from a fewaweeks back, makes
the future situation look far more
hopeful from feeders standpoint than
was the case a while back. Thus lot
ot tie gloom which the trade wore
few weeks ago is now gone.
Only a small proportion Of really
good to choice corn fitted beeves came
for the trade last weeks. and while best
steers here made -, 80 ~ they lacked
strictly choice finish, and it is probable
really top quality lot could have
gone several notches higher. Steers at
9.0o49.50 were kind of class such as
sold rs Gao cents cheaper two weeks
ago. and IN the case Of medium to good
short feds cashing at 7.75@s.50, which
range took a big proportion of the
weeks run. this discrepancy in prices
at the close applied as compared with
the finish the previous week.
Sheep.
Sheep and lambs were too abundant
for the needs of the trade.
Average price of aged sheep for the
week at 6.65 stood the highest since
the first week of last August and proved
so cents higher than the corresponding
week a year ago. The present weeks
offerings averaged the highest on rec
ord for any January in the trade and
compared with 500 at the high time all
last year. Buyers will find 1t hard to
keep the market in check unless re-
ceipts become OF larger volume. How
ever, the consumer may balk at high
retail prices and live stock will suffer
a reaction when that time comes.
Packers went after lambs as tho they
needed them and the price made little
difference. Probably the good eastern
demand had something to do with their
actions. but undoubtedly the prospects
of short crop next week Influenced
them most. The prices scored q re-
markable advance and reached the
highest level for January ever known
and have not much farther to go to
equal the summer basis Of last year.
Compared with the close Of last week
offerings finished largely 1886 cents
higher and there were instances of
where sorted lots just under top grade
showed 81 upturn.
Chicago Livestock.
Chicago, Jan. 10.
Cattle-Estimated receipts for today.
1900; market steady.
Native beef steers ........ $500 $50
Western steers .........s $3.50 $40
Cows and heifers .......,. 3.10@ $40
Calves ...........:......... 7.00Q10.75
Hogs-Estimated receipts for today.
sss,SGe; :ia-!se: slow. - ~ =. So -
Light ........... ....... s.3o@s.75
Mixed 6.4506.s5
Heavy ................ 6.55@6.95
Rough s.55 @6.65
Pigs 5.40@6 $50
Bulk 6.5066.s5