Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-06-15
DEMAND FOR OUTSIDE ACCOUNT
RUNS PRICES IN CHICAGO
UPWARD.
JUMP 10 AND is CENTS
OVER THURSDAYS CLOSE
Cattle Offerings Lacking in Quality
and Market Turns Weak-Sheep
Searcer Than Ever and Another Ad-
vance Is Scandinavian Of Market
Conditions.

Chicago. June ia large specu-
lative demand brought about a decid-
ed jump In hog prices today, the ad-
vance amounting to 10 and IL cents.
Receipts for the first four days OF
the week total about $500 head. be-
ing 12,400 less than same days last
week, 1900 more than a year ago and
100 less than same days two years ago.
Eleven markets received $500 hogs
Thursday, or 1000 less than last
Thursday, 10000 less than year ago,
and 1900 more than two years ago.
Total thus far this week $4,000. or
$4,000 less than same period last week,
$4,000 less than like time last year, and
$4,000 less than corresponding four
days two years ago. Total for 1917 to
date 49, 900, or 1,424,000 less than
same period 1916 and $4,000 more than
corresponding time 1915.
Cattle.
Cattle offerings lacked quality ana
the market was weak.
AS the corn market continues to
hold at top level there is a disposition
to order cars for all the steers which
show decent to good killing condition
since cost per pound Of gain is too
great to induce feeders to make big
weights after cattle have arrived at 4
stage where they will make at least
decent beef carcasses. This tendency
to cash in well explains the bigger
movement into the markets. Chicago 8
four day run of $4,000 this week,
against 47.006 a week ago and 1920 a
year ago. is representative of clean
up in many sections as witnessed by
some shipments of big strings of Iowa
and Missouri steers here this week
which were the last Of feed yard hold
ings. and had originally been intended
for much longer feed, but were forced
TO market by reason of the excessive
cost Of the feed bill.
Seven markets have had largest sup
plies in months past, run of $4,000
reporting at these points in the first
four days this week to compare with
40 900 a week ago and $4,000 year
ago. but in the western points per-
centage of good beeves was far less
than there.
Such big movements of beef has at
forded killers surplus stocks for cooler
runs can only mean further price
weakening, possibly with the exception
Of the choicest heavy and handy steers,
which. while coming in greater num-
bers than anticipated still fail to over
run the demand, except spasmodically,
as was the case in the past two days.
There is free outlet for Just so many
Of these grades as the call requires.
but little surplus forces breaks, as
witness the unfavoraple selling of the
excess packages late Wednesday and
again yesterday. b.Cs
Basic conditions are not such as war
rant further severe price punishment,
yet cost levels are so high in the beef.
when big fills are considered, as to
make further price trimming probable
should the country be indisposed to cut
marketing to volume more in keeping
with the current needs Of slaughterers.
IN the east beef trade conditions are
at, variance respecting different cuts.
Boston reported prices steady to high
er yesterday. while at New York kosh-
er chucks and plates were Is cents tO
800 lower than last week. whereas
binds and ribs found free demand at
so cents to s1.0o advance. and Phila-
delphia trade showed price weakness
Sheep.
Sheep were scarcer than ever and
prices ruled strong