Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-05-16
PRICES UNDERGO SHARP SET
BACK VIII EN- ARRivA' &.
a5HoW INCREASE.
TWENTY THOUSAND HEAD
!, roo MANY FOR TRADE
Recent Advances UnIoose Hogs From
Feed Lots-Ca tito Comparatively
Scarce and Prices Hold Steady
Sheep and Lambs in Light Supply
Current Quotations.

| Chicago, May l6.--ioS prices unuer-
went a sharp setback today owing to
arrivals being more numerous than
expected. Recent high prices has
! caused farmers to cut loose large
number of hogs and 10000 head was
! more than the Tuesday market could
absorb.
| A new top for the year was made
again Monday, when prime butchers
sold up to SlO.35, being Is cents above
! the previous high mark which was
i made last Saturday. The top and az
| erage market Monday was the high
| est since April H. 1910. Sales OF hogs
at s10.25 to 5000 were quite plentiful,
while very few had to sell down around
! $40 and under. "Singers' sold mostly
around 5000 to sl0.25. with a few
down to s10.15. Prime butchers have
taken the place of "s1ngers" sas far as
market topping is concerned. as the
demand for the latter grade has let up
and buyers are not forced to pay the
extreme prices.
The days receipts were estimated at
$4,000 at the start and later raised to
$4,000. Even at the latter mark the
supply was less than looked for There
were Ups hogs carried over from Sat
urday Packers had around 5000 hogs
in direct from other markets. The
days receipts at $4,000 were about
5000 less than a week ago 1900 less
than year ago and 1000 more than
corresponding r-r.;.a two years ago
Inferior to good mixed packing hogs
sold at 80 so 20 s10.15. Mediums and
butchers went at s10.15 to s102eks
Poor to good heavy packers cleared at
s9.S5 to sl017ia and rough heavy
packers at $685. to $3.50. Lightweights
sold at 1915 to s10.15. Selected, pack
ing and shipping lots ranged at
s1017h to s1o.35.
Cattle.
Cattle were comparatively scarce and
prices held steady.
Still new record high May prices for
all grades OF steers were due to make
beef costs almost prohibitive. as viewed
by the consumer, and beef trade action
is bound to have some slowing UP il
the current high levels remain in force
The consumers purchasing power
must be reckoned with. Just now this
is showing elasticity. and we'll that it
does. Purchasing power of big share
Of the public is undoubtedly being
taxed n the trade now, but there
cheaper cost and this is a factor hold
ing up beef costs.
Percentage of choice beeves held
fairly strong today, due to fair quota
of PARKWAY cattle being here. Western
Iowa and Nebraska contributed a mod
crate crop Of good to choice steers, but
Monday is the only day of late that
this territory has been depended upon
to market freely.
Even plain big steers which were
bad actors week ago. came in for
free action today and showed strong
price gains. while same was true Of
the plain light cattle off grass, tho
these classes had not eaten> enough
grass TO have material effect on dress
ing percentages. A little later in the
season when grass will be a potent
factor in making shrinky carcasses.
such kinds can we'll be expected to
have price discrimination, it's brea 9TH.
Of course. being dependent upon the
supply proportions.
Obviously It Is to be a season ahead
where light runs of good to choice
steers will have strong influence in
holding up grassers to moderately good
prices. since killers have had access
to few south western grassers this sea-
son, and there is a wide gap in the
! demand for the cheaper and middle
priced grades.
Sheep.
! Sheep and lambs vera not over
abundant and sellers obtained good
prices for their offerings.
/ New record prices were paid for
! fancy S6-pound Colorado wooded lambs,