Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-06-04
HEAVY RECEIPTS CAUSE MAR.
kET TO ASSUME DOWNWARD
TENDENCY.
ALL GRADES GENERALLY
SCENTS UNDER SATURDAY
Little Competition in Cattle Division
and Prices INSTRUMENTATION Refrain
From Bidding For sheep-Prices
Considerably Lower Than Week Ago
Current Prices.

Chicago, June 4.-Liberal arrival!
today eased the hog market.
Receipts Of hogs at Chicago for the
week totaled 100000, the lightest since
week of Sept. 16, 1916, decrease OF
1880 compared with the previous
week, 25,10o compared with the same
week last year, and 2s,S00 compared
with the corresponding week two years
ago.
Average weight Of hogs at Chicago
for the week was estimated at 220 lbs.
or Id. lighter than the previous week
and same week last year and s lbs
lighter than corresponding week two
years ago. The same week in 1913 the
average weight was 244 lbs.
Top hogs at Chicago for the week
made S16.121s, against 1855, the prev.
Gus week, 1886 a year ago and $3.50
S15.65, the lowest since the first week
Of April 45c lower than the preceding
week. $500 higher than year ago and
ss.05 higher than two years ago.
Eleven markets received 10000 hogs
Saturday, making 100000 for the week
the lightest since the second week OF
April $4,000 less than the previous
week. $4,000 less than same week last
year and 1.S, 900 less than correspond
ing week two years ago. Total for
1917 to date, 12,533.Oo0, or 100000 less
than same period 1916 and 100000 more
than corresponding time 1915.
Cattle.
There was little competition foI
cattle.
Fewer light cattle OF the cheaper
grades are showing up and that kind
has found a uniformly steady market
Under .S11.50 killers are getting few
decent dressed beef steers. a large per-
centage of last weeks crop having
sold at a range of $11.75@12.50. There
has been a decent sprinkling of $3.50
1850 cattle and q lot Of mixed year
Ling stuff has gone over at $11.75Q
1878, choice steer yearlings being
quota.ble to 1926. Good dressing LOO
01,25O-lb. steers have moved freely at
3R.5O@l8.2b. Klllers allowing prefer
enoe Tor fat handywetshts. Tho S11.0o
@l2.00 yearlings are two-thirds tat,
but killers appear able 10 use lot OF
beef OF that kind Quality in a year
ling makes difference Of 30@o0c per
cwt.
The hardest steers to sell under pres
ent conditions are plain and coarse
bullocks weighing 1900 abs. and up.
Since Monday they have moved with
more, facility, s12.1B@12.s5 taking most
Of that kind. Steers lacking in quail
ity are usually penalized at this sea-
son and the present high price level
accen tuates this tendency. Well bred
weishty cattle are scarce and COM
mand a substantial premium.
The market has underlying strength
and responds readily to every short
run. The eastern beef situation might
have been more healthy. and all things
considered. the market has given a
good account Of itself.
Sheep.
Bidding for sheep was slow and the
market inactive.
All classes Of lambs suffered severe
decline last week. altho receipts were
the highest in many years. This de-
preciation Ad not como unexpectedly,
as traders have been looking forward
to It for several weeks, but packers
did not become bearish until the
dressed trade slumped and the con-
sumer backed away from the phenofn-
email prices they were compelled to pay
Prices became so high that supply ng-
ures did not enter into the situation
and buyers put the "skids' under the
market without an attempt at check
ing the slide, and the values were
lowest at the close.
Bulk Of the shorn and wooded offer
.ings at the finish ruled S1.o0@1.f
lower than a week ago on the bulk, oul
there were numerous sales wh1cf
showed fully $500 decline. Springers
suffered even more and the bulk of this
class declined s3.OO@2.5o compared
with a week ago, and many OF then
we're off $500. There were no smear
ing lots taken out because Of their ao'
sence and a lack Of orders, but shorr
feeders were picked up on several days
and they closed fully 800 lower.
Trade was favored with little or nc
outside demand and packers had thing.
their own way. Each session was lower
than the preceding one. but sellers
found 1t impossible to stop the reaction
Quality was fairly good, but hardly w
to the standard Of recent weeks, ano
on late days plenty Of trashy natives
arrived. Latter kinds were discrimi'
mated against and sold at a larger dis
count than for many weeks but during
the next few weeks buyers may be-
come even more exacting.