Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-06-08
ARRIVALS IN CHICAGO MORE Nu-
NERVOUS THAN TRADE HAD
REASON TO EXPECT.
LEFTOVER SUPPLY
ALSO INJURIES TRADE
Sellers Placed at Disadvantage and
Prices Recede 10 Cents-cattle Offer.
inss lacking in Quality and Market
Turns Weak-Ne Urgent Cali For
sheep-Review Of Market Conditions.


rivals than had been looked for put
sellers Of hogs at a disadvantage to-
day, especially as the left over supply
from last night was rather a big one.
The range of prices grew wider.
Packers have been striving along these
lines for several days. There are so
few strictly good butchers coming that
the demand holds them up WELL. Buy
ers are unable to force them much
lower, but the mixed lots, which have
been quite plentiful Of late, have been
forced to bear the brunt of the price
decline. This Is resulting in a wide
gap between the prime offerings and
the plain mixed lots.
Each day this week has seen
weaker market for hog offerings.
Prices stand the lowest Of the week
and are lowest since week ago. After
last Thursday values reacted some, but
from the start OF this week they have
gradually weakened OF.
Receipts for the first four days Of
the week total about s7.70O head. being
1900 more than Same days last week,
900 more than year ago and 900 less
than corresponding period two years
ago.
Eleven markets received 1890 hogs
Thursday. or $500 more than last
Thursday. 1880 less than a year ago
and 1900 less than two years ago.
Total thus far this week 34S,000. or
29,n90 more than same period last
week, $4,000 less than like time last
year and $4,000 less than correspond
ing four days two years ago. Total
for 1917 to date 12.ss1,000, or 1.371,O0O
less than same period 1916 and 10000
more than corresponding time 1915.
Cattle.
Cattle offerings lacked quality and
the market was weak.
A generous percentage of good beef
has been in the run this week. More
cattle sold above $3.50 in the midweek
session than ever cashed that high be-
fore, on one day, and the list above
$3.50 carried no mean percentage Of
nice quality baby besves, tho weight
Is chiefly wanted where that money
and more is paid.
mediocrity and good 10 choice class is
logical from now on and this week the
range has begun 10 widen some, tho
as steers come On grass in liberal num-
bers within the next few weeks more
spreading Is due. particularly with the
expected competition in local trade
from trans-Missouri grassers, which
Will begin to move freely before long.
An impression prevails among many
traders who heretofore have looked for
q big gap to be shown in beef supplies
in late June and July, that they were
mistaken. Numerous local traders have
been deluged with letters telling OF
good stuff to come for the next six
weeks at least which have caused them
to effect some revision Of their opinion
as to supplies for the summer trade.
This does not lead them to take an
especially bearish view Of the future,
however, since 1t appears that the con-
sumers pocketbook shows great elias
ITCHY, and his purchasing power. long
expected By many In the trade to ex-
hJbit its maximum when prices for
beef were far lower than now, is still
broad, and beef thus is meeting a free
went at $3.50 and a few other lots
sold at s13.oo@1S.4O, including year
lings at even money. It was mainly
an s11.35 @11.65 trade for decent light
to pretty good short fed handy steers.
and stuff that went around s11.oo and
lower had only a light covering cf heef
Down to $1,000 and lower the Cattle
killers are getting mainly rejects from
the feeder alleys, stuff selling around
$3.50 and lower possessing but very
little flesh and mighty poor breeding.
Sheep.
There was no urgent call for sheep.