Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-03-29

HEAVY RECEIPTS ADDED III
.. -" TO By LEFT.ovERs
Cattle Arrivals Exceed Estimates and
Market Turns Weak-No Active Call
For Sheep and Lambs-Review Of
Market conditions-current Quota
tions at Stock centsrs. VII

Chicago, March 29.-The tactics OF
the big killers in refusing to bid fol
hogs Tuesday in order to force large
leftover supply on Wednesdays mar
ket. when receipts are always liberal
succeeded in Accomplishing the desire
| for lower prices. Receipts were large
today and the market was forced to
lower levels
! Just six years ago hogs sold at 1920
but that market was made by semi
famine conditions. At present the top
is lowering around the 1000 mark de-
spite high tide production.
While the European war has been
responsible to some extent for exist
| ing conditions. even if that abnormal
demand was eliminated there would be
; no necessity to vend hogs on bargain
counter, as domestic consumption is
enormous.
Even lard is coming into it's own.
AS the worlds fats and oils position
develops stock in American packers
, hands look less burdensome. Many
traders believe that lard may re-
assume its pit market leadership.
The low hog market Of last Decem-
Der was false indication. Since that
time the trade has acted in a manner
10 reassure growers and demonstrate
that cheap hogs are Impossible.
Eleven markets recef'ed 80, 700 hogs
Tuesday, or $500 less than last Tues
day, 1900 more than a year ago and
24.S00 more than two years ago. Tota.
thus far this week 100000. or $4,000
less than same period last week, 8.0oO
more than like time last year and
$4,000 more than corresponding two
days two years ago. Total for 1916 to
date s.l16.O0o, or 1.3ss,ooo more than
same period 1915 and 2.T56,0o0 more
than corresponding time 1914.
Cattle.
Cattle arrivals exceeded estimates.
Most Of the cattle now coming are
realizing good margins for feeders,
especially when they were well bought
A drove of bullocks went over yester-
day at $40 that LdSsts $50 at the MIS-
souri, river and made a 32o-pound gain.
This il, not exceptional and as rule
margins are satisfactory. most OF the
high priced feeders laid In last ran
having been already liquidated.
Beef cost to theeconsumer has ao-
vanced sharply, but the aforesaid con-
sumner appears to be able to stand Il
Packers are accommodating nothing in
their coolers. product beng shipped
out as fast as it can he chilled. with
no strikes. this demand will probably
be maintained. There is no talk Of
rotten" beef markets. among buyers
merely apprehension that the consum-
er will balk and stick the killer with
a Jag Of high priced cattle There Is
no frozen beef on hand. as was the
case a few years ago, and the re"
small packages coming from South
America are exertings no influence on
high prices. age = -
Speculation is rifee!as to the eneca
of the failure Of the Texas grass beef
crop A run from that quarter was
badly needed this year owing to pre-
mature depletion Of 7ccrnbelt fed lots
and it's absence will be felt. Packers
| could have taken care Of large mum
Der Of south Texas cattle in filing wal
contracts and inability to get 1t VII
intensity competition on lower prieec
| steers in northern markets.
Sheep. ' -
There was no active call for sheel
| and lambs.