Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-10-04
STRONG MARKET DEVELOPS DE-
SPITE LACK OF REAL QUAIL.
ITY OF OFFERINGS.
ALL GRADES FIRM,
SOME 5 CENTS HIGHER
Cattle Supplies Show Too Little Meat
to Attract Packers and Market Turns
Weak-Sheep Relatively Scarce-Re.
view Of Market Conditions-Current
Quotations.

Chicago, Oct. 4.-Despite plainness
of quality today hogs met with ready
sale. Prices were strong to cents
higher.
Chicago run Of hogs Wednesday was
about the same as a week ago, but
smaller than year and two years ago.
The total at eleven markets was $4,000
head or 5000 more than week ago,
$4,000 less than year ago and l4,OUO
less than two years ago. Total for the
first three days OF the week at 10000
figures 10000 more than a week ago,
$4,000 less than a year ago and 1900
less than same days two years age.
Cattle.
Cattle supplies showed too little
meat to attract buyers.
The break of last week in the steer
and butcher stock prices has caused
a falling off in the quality of offerings,
and so far this week fewer choice to
prime corn-fed lots have arrived than
ever before at this time of the year.
Finished lots have been comparative
~ scarce for many weeks, but those
who still have some of the best grades
back are not in the mood to unload
after the break, and are awaiting
recovery in the market.
There has been a little better tone
in the market the past few days than
the previous week, but there is still
much room for Improvement.
Buyers will be compelled to be con-
tent with plain to fairly good offerings
unless they show by their actions that
they are more in need Of prime lots
than at present.
Local receipts Wednesday were
estimated at 5000 early and late at
1900, including around 100 loads 10
packers from other markets, where
killing facilities compelled them to ship
them on here. The run was several
thousand smaller than expected and
proved smaller than a yeek ago and
year ago. Receipts first half of this
week totaled $4,000, nearly 10000 less
than same period last week and a few
hundred larger than year ago.
Six outside western markets were
credited with $4,000 Wednesday, or
5000 more than last Wednesday,, 1000
less than two weeks ago, 5000 more
than a year ago. Including Chicago,
the seven markets had $4,000. making
2T. 900 the first three days this week,
or $4,000 less than same period last
week and $4,000 more than correspond
ing time year ago
Sheep.
Sheep were relatively scarce.
Fat lambs have hit the highest Octo-
Der levels ever known. and yet the
buying is comparatively urgent. With
tops lowering around $3.50, over IS
higher than a year ago, the feeder
buyers are giving SIS and higher for
offerings without an appetite that is
unusual. The recent trend of prices
makes the feeders purchased a
few months ago look cheap, but at the
time they were bought, traders were
little skeptical about how such invest
nents would turn out
Country buyers went ahead, regard
less Of consequences, SO keen were they
to get back into the feeding game,
and their foresight has brought them
pleasing profits. There are times when
the market has bearish undertone,
with prospects of severe breaks, but
on such occasions demand picks up
from all sources, resulting in a quick
recovery in prices. That has been the
condition Of the market for months,
and it appears as tho the situation Will
change little in weeks to come.