Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-08-05

Chicago, Aug. 5. Demand from
smaller packers today proved ample
enough to cause a slight advance in
hog prices.
Corn at $3.50 cents and dry pas
lures have been adde liquidation infiu-
enceS. Eastern hogs have been closely
garnered. prices in that direction have
| been marked up recently and a ship
ping margin now exists.
The 10M15 cents advance made in
hogs Friday was the first upturn of the
week. Starting with Monday, prices
went sharply off, but they went down
SO fast that the run was shut off yes
| terday and values rebounded. Range Of
prices is still at a large decline when
compared wit hthe close last week.
Eleven markets received 5000 hogs
Friday, or 700 less than last Friday,
$500 less than year ago and 3d.
100 more than TWO years ago. Total
thus far this week $4,000 or $1,000
more than same period last week, S3,-
900 more than like time last year and
$4,000 more than corresponding five
days two years ago. Total for 1916 to
CdlS 1S,1Oo,VvV, Ol -,VVI;cuV more una IL
same period 1915 and 4,239,o0O more
| than corresponding time 1914.
Cattle.
Cattle quotations were next to
nominal.
Beef trade generally is picking up
and a spell Of cool weather would have
strong effect in creating a general re-
vival of activity in demand for ali good
steers. The country is evidencing the
fact that small supplies of corn fed
steers are available for the market
now, and there is prospective a real
shortage of anything good TO choice for
many weeks ahead. Contrary to opin-
ion expressed in many quarters a few
weeks ago, it is now apparent that few
holders OF long-fed steers overstayed
the high market of June, and it ~ a
long ways off TO the period when an
other generous crop of fat corn fed
beeves will be had Meanwhile beef
trade needs only to assume normal late
summer proportions to put a lot OF
bullish stimulus behind the prices.
That situation is showing up right now,
and there is small likelihood of breaks
for the good beeves.
The opposite condition prevails as
respects gcassers. A big August move
ment from Kansas and other south
western pastures is assured, dry pas
lures forcing them out, and while the
range crop is carrying only a small
quota Of really decent steers now, some
good ones will be running within the
next few weeks, and these. along with
the southwest grassers, promise to give
good account Of themselves IS com
petitors against natives off pastures.
Iowa and Illinois have had scattered
showers this week, but not enough
moisture fell to do pastures material
good, and a free movement from dry
territory Is bound to be, had in the next
two weeks. H.
Yearlings, handy fat light steers and
the few choice heavies here this week
had all the favor and more of that k!no
could be used. A general run Of cheap
grass yearlings has been here. how
ever, and these found mean demand,
the result being a considerably larger
quota of trades at 7.o09s.25 than last
week. and as the season advances
price spreading for these grades Is
bound to be had. Market as well has
been supplied with liberal run OF
poor little off-coiored grass cattle
which had neither quality to suit feed
Ell buyers nor xiii" enough to INDUCE
free packer buying. Such classes have
gone all the way down to $50 and
lower in odd lots and their sale has
been difficult at that level.
Sheep.
Most Of the sheep and lambs went
to packers direct.
Advices from the range report mod
crate numbers being loaded for market
and buyers are Of the belief that they
will have access to a shorter run OF
range stuff than expected earlier in the
season. Now that the southern crop is
practically all marketed and natives
are relatively scarce. the range owners
are in a firm position, and it looks Ike
bargains are thing Of the past. Tho
dressed market has improved greatly
since ten days ago and no depressing
conditions are reported anywhere.