Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-02-09
DECLINE IN HOGS
SEEMS CHECKED
PRICES MOSTLY STEADY. As
TRADING IN NEW YORK
OPENS.
QUOTATIONS TAKE ON
MUCH WIDER RANGE
Pricss for Bulk Vary From $14.4o to
Sis, With Extreme Top at $t5.26-
Arrivals Total 10000 Hsad-cattIs
Market Fails to Rally From Recent
Weakness-Sheep Sell Higher

Chicago, Feb. 9.-The slump In hos
prices was checked today, altho buy
ers were more discriminating and
bid those lacking quality lower and
better grades higher. The price range
for bulk widened markedly, from
Sli.I0 to SIS, while extreme top was
quoted at $685.. There were 10000
head on sale today.
Among the most severe declines on
record featured the weeks hog mar
ket, losses Wednesday and Thursday
being s191.25. those sessions being
panicky on account, OF the general
unsettled and demoralized condition
of foreign money exchange, sharp
breaks in stocks and provisions and
a general feeling among the trade
that lower prices should rule, after
nearly two months almost continu-
Gus advance.
Added to the other bearish fea-
lures. eastern order buyers were
virtually forced off the market mid
week. owing to shortage of cars.
This situation cleared UP to certain
extent at the close. altho the out
look was not bright.
Receipts last week were smallest
in three months, and had the coun-
try become panicky and flooded the
markets with hogs. traders believe
prices would have dropped consider
ably lower.
Top for the week was s15.65, es-
tablished Monday. with low top
s14.40 on Thursday. Highest aver
age price of the week was paid
Monday at s15.2S. with Thursdays
average down to s14.12, with Satur-
days average As cents higher.
The weeks average price at s14.15
stands s5 cents lower than previous
week, s2.S5 lower than a year ago,
s1.95 lower than two years ago, s2.45
higher than three years ago, s4.55
higher than the nine-year average,
and the lowest since week ending
January 10.
The weeks receipts at 10000
stood $4,000 smaller than the pre-
vious week. 1920 smaller than a
year ago, $500 smaller than a year
ago and $4,000 smaller than two
years ago Shipments were cut
down by car shortage, but were
fairly large at that, total of $1,000
being 16,400 smaller than the pre-
vious week, 1890 smaller than a
year ago and 22.sOo larger than two
years ago.
Estimated average weight of hogs
this week at 229 pounds were three
pounds lighter than previous week,
eight pounds lighter than year ago,
same as two years ago and eight
pounds heavier than the nine-year
average for corresponding week.
Cattle.
Cattle market was weak and fall
ed TO rally from the depression Of
last week. Choice and light beef
steers sold from st2 to SIC per
hundred.
A larger supply Of choice cattle
arrived last week. and each days ses-'
sion had offerings good enough to
sell higher than SIS up to Friday,
when the best went at $3.50. How
ever, there was a good supply of the
light common kinds, and, differing
from the previous week, good
many killing grades sold under SO.
A comparison Of quotations shows
a decided difference in the position
of the market as compared with last
year. Last week all steers with the
exception of Gamers sold in an ex-
IRENE spread Of $3.50 to $685., with
the bulk at sl0.25414.25. while in the
corresponding week last year steers
sold at s1o.s09 20.10, with the bulk
at $l4.0o q 1900.
The average price of good cattle
last week was $3.50. or As cents
lower than the previous week. In
this week year ago the average
was &1S.45, the highest record up to
that time. In 1911 the average was
$500 and for the week from 1911 to
1919 inclusive. 1t was 1925.
Today's cattle supply at twenty
markets totaled 500. swelling the