Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-03-31
PRICES MAKE EARLY GAIN OF
CENTS THEN REcEDE 5
TO 10 CENTS.
ONE CHOICE LOAD At
NEW PRICE RECORD
Sells at High Figure OF $1s.6o-Catt'e
Quotations Hardly More Than Nom
inal-Sheep Consigned Direct TO Big
Killers - Review Of Market Cond''
tions-Current Quotations.

| Chicago, March 3l.--Altho one load
of choice hogs brought a new high rec
ord price today, 1850. sellers in most
cases were willing to make concessions
| owing to slowness Of demands from
shippers and big packers. An early gam
OF 5 cents was entirely lost.
| Eleven markets received 5000 hogs
Friday or $500 less than last Friday,
| 800 more than a year ago ana l,soo
more than two years ago. Total thus
| far this week $4,000 or $4,000 more
than same period last week, 12,ooo
more than like time last year and 46,-
600 more than Corresponding hVe days
| two years ago. Total for 1917 10 date
seas. 600. or l,ie4.o00 less than same
period 1916 and 10000 more than cor
responding time 1918.
Cattle.
Cattle quotations were hardly more
than nominal.
This weeks Increased receipts. total
ing 4S,4oo. stand largest since the week
ending Feb. "a. last. and some logicai
reaction has been had in prices for the
rank and file of steers. Bulk OF the
crop of value below SIC was today
quoted l5m a5 cents under the close a
week ago and recent sales up to SIZES
have also been few points lower.
while the rank and file of cheap, plain.
medium and pretty good killers Of val
ue all the way from s9.50G12 is now
showing 40dI5 cents decline from the
top point in force Tuesday Of last week.
when by reason of the meager runs
then at hand buyers Were compelled 10
pay prices far out Of line with rhoice
grades for the bulk Of the short fed
stuff. Cattle such as sold N Sl2m l2.4o
then were kinds that had intrinsic val
tie far below the choice ones even tho
prices paid were only a short ways un-
der top levels. Market for the rank
and nle OF steers has simply had log
ical break under pressure of the in
creased receipts. which has carried
them TO 4 basis nearer their relative
worth as compared with the choice
bseves.
Latter kinds are still holding at rec
ord prices. Top Of 1925 this week
stood 10 cents above high spot week
ago and was $3.50 above previous
March record. Scarcity OF the choice
grades and certainty OF their continued
scarcity during April. May and June.
the trade believes, Will AFFORD market
for them at stili higher prices. no mat
ter what may happen TO values Tor IN
termedlate grades, No very severe re-
cess!ons from current levels can be
made for the latter classes, however. In
view Of the general shortage II beef
over the middle west. which can not be
relieved at least until a grass fed crop
Is available. a
Holy week beef demand is not ex-
pec.ed 10 show breadth. Beef diet Is
always shorter in holy week than any
time during Lent, and with the kosher
situation in the east and also iocaii! IN
bad shape. as result OF the record costs
OF chucks and plates. conditions DO not
augur we'll for bullish demand tol
cattle and continuous marketing VIII
best serve the interest Of the selling
side. ts..
Wheat.
Nearly the entire supply OF sheep was
consigned direct to Killers.
Receipts this week have been con-
sidera bly, heavier than advance advices
of shipments reported late last week
TO local commission dealers indicated.
Chicago has had approximately $4,000
head. a gain OF about 1900 head over
last week and nearly $4,000 more than
the same week last year. while seven
western markets have had combined
supply OF 203, 900. or $4,000 more than
last week and 46 900 more than a year
ago. The market however, has had
the benefit Of the customarily strong
pre- Easter call for light and handy
weight lambs. and in view OF supply
figures has given an excellent account
of itself. not only holding last weeks
beg, levels on most everything OF
standard class, but showing on Monday
and subsequently firm to 10 cents nigh
er rates on most OF the more desirable
IA, classes than the close last week.
while a number Of loa DIS OF light lambs,
bought to fill special Easter orders
have sold unevenly higher. Packers
have fought the market hard all week,
however, and the fact Is patent that