Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-08-24
DOLLAR Topped
Off HOG PRICES
LITTLE DEMAND DEVELOPS AND
VALUES SLUMP IN RADICAL
DECLINE.
MARKET OPENS 50 CENTS
UNDER THURSDAYS CLOSE
Too Many Holdovers to Dispose Of in
Face of Decreased Demand-Cattle
Prices Strong AItho No Notable De-
mand Was in Evidenee-Sheep Sell
at Strong Priees-current Quotations.

chicago, Aug. -24-ALlnO the run VI
hogs was light today prices fell off.
there being little demand. In addition
there were many holdovers to dispose
Of Early figures We're so cents below
yesterday and later sales brought the
decline to 81.
Hogs, SO urgently sought after for
weeks and even the first two days this
week, have suddenly come into dis
favor but not until prices hit the 500
mark. The decline since early Tuesday
has been sharp. Beginning July 10, with
top of $3.50. the market started
climbing. and the first day Of August,
$3.50, was paid. Nine days later s17
was the top.
1t look just another week for tops to
score s1S.25, and only two more ses-
sions for the arrival of the SIC hog.
with the advance so rapid that two
days later s20swas paid.
While the advance continued for over
month without break, and in the
aggregate amounted to $3.50 per hun
dred pounds, $500 Of it came in the
last leven days Of the bull movement
II the market can go up so sharply,
especially when prices were so unusu-
ally high at the start Of the gain, there
is no reason why it can not go down as
rapidly.
The sharp break comes as no sur
prise to traders doing business every
cay and fer the time being it seems
like a question Of just how much the
packers want to take OFF. 81.
Outside~demand from eastern ship
pers has suddenly fallen down to the
minimum, and with this prop gone from
the markets local packers have become
exceedingly bearish.
Altho many believe that the break
will be rapid, they have their doubts
about whether the entire advance of the
past month can be eliminated.
Cattle.
Cattle were strong, though no notable
demand was evident.
Local receipts Thursday were about
as expected and included over forty
loads to packers from other markets.
They were not much different than
week ago and a year ago, but showed
good increase over two weeks ago.
Four days receipts at 53,400 were
around 5000 larger than same period
last week and nearly as much smaller
than a year ago.
Six outside western markets had
$500 Thursday, around 1000 more than
a week ago, 1000 less than two weeks
ago and 5000 less than a year ago.
Only moderate receipts were reported
seven markets had 221, 900 thus far this
week, $4,000 more than same period
last week and 5000 less than same
four days year ago.
Sheep.
Sheep me. with sales at strong prices
although demand was not unusual.
Most Of the ewes sold at $40. Some
of them were choice to prime and 9TH
ers were only good. A finished handy
weight kind was quoted above SO by
some traders. Only small part of the
ewes had to go between IS and $40.
while calls were plain to good at $4,000
$50. Bucks were most numerous at
So. Native yearlings were mainly Of
the s12.oo@125o kinds, but prime ones
were worth above sl3.
washington yedTAaSs Soi0 20 DO,
with every one Of the old wethers out,
and yesterday the consignment sold to
killers at $3.50, with feeders at s12.
No other rangers were to be had to-
day or earlier in the week, bu. some
Iowa fed western yeariinss soia &c
killers at $13, with the yearling ewes
out to breeder at SIC. Other native
breeding ewes sold at $11.0o@15.o0 and
a few feeders made $3.50, with breed
ing yearling buck at $1,000.