Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-05-28

Chicago MAY 2S.-LloeTaI supplies Oh
hand today weakened the hog market.
Receipts Of hogs at Chicago for the
week were the largest since three
weeks ago at 147,s0o, an increase OF
S7.100 compared with the previous
week. 22.90o compared with the same
week last year and 900 compared
with the corresponding week two years
ago.
Average weight Of hogs at Chicago
for the week was estimated al go
pounds, the heaviest since the third
week Of last September. five pounds
heavier than previous week. one
pound lighter than same week last
year and eleven pounds lighter than
corresponding week two years ago.
Top hogs at Chica go for the week
made 1855, paid Tuesday, against
1856 the previous week. s1O.15 year
ago and s7.s71a two years ago. Average
price figured $3.50. or cents lower
than preceding week, top and average
Of which stands as record, s6.25
higher than a year ago and sS.45
!I!SHcE IMAM TWO Scdl . d6o'
Eleven markets received 4o.1oo hogs
Saturday, making $3.50 for the week.
which, barring the first week of May.
stood largest since the middle OF
March. or 100, 900 more than the pre-
vious week, $1,000 more than same
week last year and 5000 more than
CORES pond;ng week two years ago.
Total for 1917 to date 12,111.00O. or J.
$4,000 less than same period 1915 and
$4,000 more than corresponding time
1915.
Cattle.
BUYERS were not keen after the
abundant offerings Of cattle.
In packer circles the belief exists that
the downturn late last week is the start
er for further recession of prices. buy
ers claiming beef trade in the east is
in bad shape and promises no speedy
reaction. Hook costs have Of late been
claimed to be too high TO afford rea-
sonable margin for slaughterers, yet
the fact that they have enormous or
ders for beef on war account. both FOR
the American army now mobiliZing,
and the allies, should serve as slim
illus to the demand The allies are call
ing for more and better beef. and to
meet this demand packers will be fore
ed to continue paying high prices. in
view Of certain scarcity that is due to
develop wiehin the next thirty days.
June has been looked forward to to
establish the high spot in the market.
since March and April liquidation Of
thousands Of light steers and early
May cashing Of yearlings was merely a
drain upon the supply originally put
into feed yards with a view to June
selling. Advanced corn cost drove them
out, and the big profits at market
were another Involvement for early
cashing, while volume Of stuff which
has since gone on feed will by no means
prove large enough to make up for the
deficit.
The southwestern grass crop now
moving Is far below normal tonnage,
as result OF winter drought and beef
mands for it in the southern territory,
offers packers little solace as means
Of breaking prices for northern steers.
The trade merely needs little short
er volume Of supplies than have come
in the past week to stabiish itself in
stronger position and hold that stride
Indefinitely
Sheep.
Receipts Of sheep proved meager.
The retention Of values az record
levels the past Week has been due
solely 70 continued meager receipts.
Packers are IN balky humor and re-
action to lower levels is both seasonal
and logical. The temper Of the buying
side was evidenced on Thursday, when.
regardless Of very small supplies az
all points. packers made concer-ea
drive on the price list aad succeeded
in forcing lamb values down % to 40
cents for the first general decline that
market had suffered in more than
month Such reaction as was noted
Friday was due entirely to the
meagerness Of the supply and should
not be taken too seriously by ship
pers While the statistical position Of
the trade is strong, such phenomenal
prices as have been paid Of late can
not continue indefinitely. The COM
plexion Of receipts, as regards quality
and condition OF the offering. will
change radically from now on. and
altho wide declines appear .improba BILE.
I