Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-05-07
SUPPLIES IN EXCESS OF PRESENT
NEEDS AND PRICES SEEK
LOWER LEVELS.
HEAVY HOG RECEIPTS
BOTH EAST AND WEST
Values Drop 5 and 10 Cents Below Sat
urday's Leveis-cattle Market De-
pressed by Large Purchases Made
Last Week-Sheep Scarce and Mar
ket Rules Firm-Current Quotations.

SHlCaSo, May ,.--LipeIal supplies Oh
fered thruout the east and west acted
today as weight on hog prices, which
were and 10 cents under Saturday.
Receipts of hogs at Chicago for the
week totaled 161,S00, the largest since
the middle of March, an increase OF
22.200 compared with the previous
week. $500 compared with the same
week last year and $4,000 compared
with corresponding week two years
lago.
Average weight of hogs at Chicago
for the week was estimated at 2le
pounds, or pounds heavier than
previous week. pounds lighter than
same week last year and IS pounds
| lighter than corresponding week two
lyears ago.
Top hogs at Chicago for the week
made $500, against sl6.O5 the previ-
Gus week, s10.06 year ago and 1913
two years ago Average price at $l5.I0
figured steady with the preceding
week, s5.s5 higher than a year ago and
$500 higher than two years ago.
Eleven markets received 81, 800 hogs
Saturday, making 81. 900 for the week,
the largest since week Of March II.
So 900 more than previous week. 5000
more than same week last year and
$500 more than corresponding week
two years ago. Total for 1917 to date
10.s42o0O, or 100000 less than same
period 1916 and S32, 600 more than cor
responding time 1915.
Cattle.
~ u .f,a
fact that packers had filled up ON last
weeks receipts.
While there have been few big
cattle, the recent run has been freight
ed with 1,10od1. zoo pound stuff selling
at s11 d11.50. These have been corned
about sixty days. and while not fat,
make useful grade Of dressed beef.
The $3.50 top has been repeated, but
the proportion above S13 has been
small, and killers have not had access
to many light dressed beef steers be-
low s10.26.
A lot Of 100000 pound yearlings
have sold at slo01o.76, and It has been
q mean trade on these. Throwing little
cattle overheard At this $uncture may
be imperative, but Il 10 TO be regretted
and they Will be missed later IN the
season There are just so many In the
visible supply. and every beast sent to
the sllAmbles at deficient weight now,
means ono less later on. Marketing
cattle that have been on corn sixty
days Is good policy. but little cattle
should be held whenever possible. The
proportion OF that stuff in last weeks
run has been the largest in market
history.
The strong finish. after Wednesdays
slump IS gratifying. and demonstrates
the underlying strength Of the market.
This was in evidence last week, and 1.
means that distributors are not con-
cerned over an accumulation in COOL
ers. Beef Is going into d!strinutive
channels az fast as it can be Creased
and chilled. and every short run dis
doses underlying strength
Sheep.
Sheep were scarce.
Supply paucity has shown up glsr-
ingly all around the market circle the
past week and promises to continue
marked for week ahead or until such
time as southern and western new
crop lambs begin TO come in sufficient
volume to relieve the situation some
what Last weeks local run counts
out only $4,000, against $500 previous
week and $500 a year ago. Seven
western markets have had a combined
supply OF only 10000. against $4,000
last week and 14s.000 q year ago. Com
mission interests hero have advices Of
light shipments again for this weeks
trade and popular estimates on the
probable Monday supply here are from
$4,000 to 1900 head. Unless supply
proves heavier than is now expected
sl5 shorn lambs will be hard to keep
from the market threshold and SUI
prise will be occas!oned IL the appear
ance of some prime handy wooded
lambs is not the signal for the ringing
Of the SIS bell on that kind. Wooled
lambs here last week. however. have
been disappointingiy low dressers in
the main and fer day. Of hot wealth
er now would rapidly deteriorate tho
killing quality Of such stock in the
fleece as is left to come.
Chicago Live Stock.