Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-06-19
VALUES DROP 10 CENTS BECAUSE
OF HEAVY RUN ON CHICAGO
MARKET.
RECEIPTS OF $1,000
MORE THAN NEEDED
Market Turns Weak and Some Of
Offerings Are Held Over Until Tues
day-cattIe Trade Also Turns Weak
Because of 5urdensome Supplies
Sheep and Lambs Hold Steady.

Chicago, June ia heavy run OF
! hogs today, estimated at $4,000 head,
caused a decidedly weak market and
prices fell 10 cents compared to Satur-
days close. Sellers~held some of the
hogs in hope of obtaining better mar
ket Tuesday and to prevent bidders
from forcing prices still lower.
Receipts of hogs at Chicago for the
week totaled 10000. the highest since
the second week of May, a decrease of
5.40O compared with the previous week,
an increase of $4,000 compared with the
same week last year, and a decrease of
2i,300 compared with the correspond
ing week two years ago.
! Average weight of hogs at Chicago
for the week was estimated at 226
pounds. the heaviest since the last week
of last September, four pounds heavier
than the previous week. three pounds
lighter than the same week last year
and eleven pounds lighter than the cor
responding week two years ago.
Top hogs at Chicago for the week
made s1o.15. paid on Friday. standing
s97211a the previous week. $3.50 year
ago, and sS.45 two years ago. Average
price figured 1915. the highest of the
week, $3.50 higher than year ago and
$3.50 higher than two years ago.
Eleven markets received $1,000 hogs
Saturday, making 506,000 for the week.
$4,000 more than same week a year ago
and 1900 less than corresponding week
two years ago. Total for 1916 to date
14,S70, geo. or 1,749,OO0 more than same
period 1915 and 3,6O5, 900 more than cor
responding time 7"'a-
Cattle.
There were more cattle on sale THAI
the trade could absorb and the mar
ket turned weak. Only prime heeves
held at steady prices.
New price advances are confidently
looked for in the trade for prime long
fed steers, altho killers assert that re-
cent tops have about marked the limit
of consumers purchasing power. Were
il not for the fact that beef has sold
freely for weeks past in spite OF ad-
vancing costs. the market could not
have gone upward at such speedy
pace as witnessed in the past few
weeks.
A larger showing of $11.00q1l.25
sales was made last week than any
time in history and the choicest grades
selling at Sl1.30411.40 showed new rec
ord open market prices aside from
sales of Christmas beeves. Heavies, in
fact, never did land at the current lev
els yearlings having outsold the big
steers at Christmas time.
/ Visible supplies of choice long fed
steers are small and will be for months
of. There is in the making, however.
a lot of steers of good grade that were
put in as. FEEDERS weighing l,l50 to L.
200 pounds and these have been crowd
ed with corn in the past two months.
Most of them will be moved before fly
! time and showing good flesh, they are
bound to get favor from killers, possibly
to the detriment of the longer fed and
higher priced grades.
! Packers insist that dead costs of
$11.0OM1125 cattle make the whole
sale and retail prices of these carcaSSes
: practically prohibitive. and there is
general surprise that the stuff moves
as freely into consumer channels. Only
a war time basis of revenue among the
| industries in the east and proportion
ately increased purchasing power sta
! biiZeS these prices.
| Natives off grass and medium to good
in quality are increasing, and as the
trade works nearer to grass quality
feshed kind making UP nearly all the
receipts. there is certainty of a price
widening. A bigger percentage of the
crop is due to go down to $3.50 @10.5C
as result of switching qualities. Warm
weather, coupled with eXorhitant beet
COSTS is bound to have effect in re-
straining consumption and depressing
prices for steers prime.
Sheep. ~
Sheep and lamos " vre steady, offer
ings being moderate.