Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-04-07
PRICES HARDEN BECAUSE OF
cURTAlLMENT OF RECEIPTS
AND SMALL STALE SUPPLY.
QUOTATIONS MOSTLY
CENTS OVER FRIDAY
Most Of Fresh Cattle Arrivals Con.
signed Direct to Big killers-little
Trading in Sheep Division--Review
Of Market Conditions-Current Quo
tatjonS

| Chicago. April 7.-Hogs hardened in
rivals and to the fact that but few had
been left over last night. Values were
mostly 3 cents higher.
T. Now that hogs have reached the
| long talked of SIS mark, the trade is
| wondering what to expect next, with
some talking still higher while others
think they are high enough,
Everybody, however. agrees that if it
is a supply and demand proposition
| that prices will go still higher as there
is bound to be decided gap IN re-
CeiptS for the next few weeks. with the
country decidedly bullish and about
ready to get busy in the near future
with farm work.
Eleven markets received $1,000 hogs
Friday, or 1900 less than last Friday
1860 less than a year ago and 10,400
less than two years ago. Total thus
far this week $4,000. or $4,000 less than
same period last week, $4,000 more
than like time last year and 1000 less
TIM corresponding five days two years
ago. Total for 1917 to date S,69S. 900, or
1.0i2, 900 less than same period 1915
and $4,000 more than corresponding
time 1915.
Cattle,
Most of the cattle received had been
consigned direct to killers. Prices went
to higher levels.
There looms ahead the possibility, If
not probability. of food price control"
and II must be given consideration by
the producer, No enc Will expect 10
produce beef at a loss and neither can
the government. If price limitations az
set by it, look to the producer to do
business on a money-losing basis.
The immediate future trade prospect
is rosy. New price advance for tops
seems certain, and prediction OF anoth-
er dollar gain on the choice grades in
the market not many weeks ahead is
freely made. With corn at sl.25 a
bushel and higher in the country the
beef producer must have still higher
prices or a reduced cost Of making
beef.
The enormous activity Of manufact-
urers in preparing the nation for long
struggle at war 10 bound to create
money circulation such az was never
before known, this to have its effect
upon the consumers purchasing power.
The country can not mobilize beef
crop Of adequate proportions for
months ahead and meanwhile prices
must continue to make new records.
No one is IN a hurry to cash cattle
now and there Is little prospect Of the
market being overloaded any one day
in weeks ahead, The demand for beef
is healthy and with the end OF Lent at
hand should grow the more. In the
east wholesale prices have responded II
the recent advance in live costs. New
York. Boston and Philadelphia reported
sharp advances in binds and ribs today
as against early week levels. tho the
kosher situation is7dull as a result of
the cost basis in force.
, Sheep.
Bulk Of sheep went direct to pack
erS.
The quick comeback from declines
shown earlier in the week Is significant
Of the underlying strength of the trade
and a further upturn in values - pre-
dicted-indeed the scoring of sensa-
tional prices this side Of June are not
at all improbable in view Of the world
wide shortage of ali food products and
the added drain on the supply the en-
trance Of the United States into the
war will entail.
A trade feature this week were the
sales on Monday and Tuesday OF
meaty, heavy -feeced lambs TO country
buyers for shearlng and finishing pur-
poses up to s15.25. While the lambs
going out at the price were a kind
worth the money for slaughter late last
week the price set for new yard rec
ord for shearing lambs by 80 cents per
hundred weight.