Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-22
IMPROVED DEMAND
BE|1{Rg HOG MARKET
HAS STRENGTHENING EFFECT
ON PRICES AND ADVANCE
ENSUES.
ALL GRADES SELL 5
CENTS ABOVE THURSDAY
Cattle Offerings Lack Quality and
Market Turns Weak-Buyers In
different Towards Sheep and Lambs
Review Of Market Conditions
Current Quotations.

Chicago. Sept. 22.-Improved genera
: demand has a strengthening eject To-
day on the hog market. trading was
active ct an advance of D cents.
Hog prices are sutfering a setback a
present and some traders are Of the pe'
lief that the high point has : peeh
reached but others look for the market
to stage a comeback within q snort
time.
There is no denial of the unusuall!
broad demand for product, but at TINS
time. as in other years, packers nave
been successful in raidinS prices nc
matter how small the supply. Reports
from the country of a big and heaitns
Dig crop are general, but undoubtedly 1t
VIII be some time before most OF the
voins hogs are of a marketable size
The old crop is fairly well marketed
while the young stock is hardly READY
to come. so the bulls think that new
high spots will be reached before the
middle of october.
Buyers are more Indifferent at pres
ent than they nave been for many
weeks and have forced a decline OF
! so cents on some grades since the re-
cent high spot. Shipping demand has
slackened materially of late, and this
is an item in favor Of the packers VINO
are predicting still lower prices.
Eleven markets received 1900 hogs
THURSDAY, or 1900 less than last Thurs
| daN. 16. 800 more than a year ago ana
1900 less than two years ago. 'Iotai
! thus FAR this week 800, 900, or lo,ooo
more than same period last week, lol.-
| 900 more than like time last year ana
$4,000 more than corresponding Tour
| DAYS two years ago Total for 1915 10
date 30, S41. 900, or 2,40l, 600 more than
same period 1915 and 4.451,o00 more
than corresponding time 1914. a-..
Cattle.
Cattle lacked quality.
Packers are under the necessity o.
| putting much Of current supply INTO
| freazers and accumulation Of high
| priced product is not considered gooo
judgment.
Outside a few choice bullocks. the
number Of which is small in proportion
to the whole, values have had a sharp
decline This week. The S10.75 4l1.So
grades are in a class by themselves.
| These prices convey a false impression
OF the basis on which the majority sell,
| 1S IdC SleeTS AK lSAdAASN ~
and a lot Of good dressed beef material
| with a corn finish is selling at Ss.oo9
9.75. To the uninitiated there Is little
difference between $40 n $ll cattle
but the few high dressers cutting heavy
chucks command a market OF their
own. Choice yearlings in the slo.2om
1880 grades are similarly favoraoly
| situated. but yearlings nave to be nm
ished TO get into the $40 classes. Spe-
| ~cial,ies are logically few. otherwise
! prices would not be quotable.
intermediate grades, meaning $3.50
9.75 steers, have arrived in profusion
this week and they have encountered
i the brunt OF market vicissitude. Cheap
! stuff appears to have a stable outlet.
! Feeder demand has picked up and is
! creating some competition below e
isS line. The east is looking around,
| but Pennsylvania is still timid in the
matter of buying thin cattle. Feeders
/ down that way will not have access
| this year to the crop Of thin Canadian
| cattle that has reached them in recent
years and if they lay in cattle Will be
under the necessity of buying them on
this side.
Duration and volume of the present
heavy movement is conjectural. 1t will
last sixty days or longer. but flood tide
may nave been cached this week.
Kansas and Colorado have a lot Of cat
tie to unload and the movement from
the northwest is only now getting
under way. Fed cattle have been
closely garnered. but there will be con
siderable short-fed stuff off grass right
| alurg and while good cattle Will have
a market of their own, the great mass
of grassers and short-feds promise to
hold values down while the big move
ment is on.
Sheep.
Buyers appeared indifferent to sheer
and lambs.