The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1867-05-23
CHICAGO CATTLE. MARKET
For the Week Ending May 10

'
eastern points was decidedly unfa-
vorable to the shipping interest, and
this with the large receipts of Tues
day, proved rather more than the
market could bear, and prices accor-
dinghy shaded off 15a2Oc in favor of
buyers. Dealers generally, have not
unbounded confidence i'm the stabili-
ty Of the high prices at present ruling
and any considerable depreciation in
values, in the east, is Immediately
felt here. Though shippers as here
tofore, have, have been the principal
operators, their movements have been
the characterized by more than usual
caution; taking such lots only, as
suited their fancy, and then insist
ing upon the lowest possible figure.
Though not as eminently prosperous
as the two or three weeks preced-
ing this, there is little room for COM
plant on the part of drovers. In
deed, taking into consideration the
dropping and unsettled condition of
the markets abroad, it is rather a
matter for surprise, that prices have
not suffered more serious decline.
The receipts fall some LOO head be-
low those Of last week, but the de-
mand has been such, that to serious
Inconvenience has resulted to ary
class Of operators; the supply r,o-
wing quite sufficient to meet all do
mands. In point Of quality, the ar
rivals were considerably below those
OF the two or three preceding week
the proportion OF common and medi-
UNI grades being ,farmore prominent.
All good first and second class steers
suitable forthe eastern markets, were
readily taken up by New York, Buff
alo, Philadelphia, Cleveland and Bal
timore buyers, at S7.50a8.25 for com
mon to good shipping steers, and
good to prime fat Oxen, and S8.50a
900 for choice to extra smooth fat
Bullocks. Of from LOO to 1,400 lbs
average, and upwards. Their es.
timated average was 1850 lbs. There
was considerable inquiry for tat light
butchers steers, and prime cows, to
meet the wantsof local butchers, who
for the past two or three weeks have
been allowing their stock to round
down to the lowest ebb, in anticipa
ton of lower range of prices, and
to supply the smaller towns outside.
Hence with moderate supply Of
such in the market, holders were en-
abled to realizerelatively, better rates
than really FIRST class stock demanded
For desirable lots, S7,O0a7 so was
freely offered, while the more ordi
nary descriptions found buyers al
16 5Oa6 65. Common and inferior
mixed lots werein demand, and sales
were slow at IS 4Oa6 90. There was
little movement in the market fol
stock Cattle and prices have ruled
weak and irregular, and only ~ lib
eral concessions, were sellers enabled
to realize. They evidently do not
feel justified in operating largely
! entertaining as they do, the idea
that the present extravagant rates
, cannot be sustained for any consid
cradle length oftime. Drovers, how
; ever, argue differently. The latter
claim that there is comparatively
little good stock in the country, and
: that the bulk of this is in the hauds
/ of spectators, who will throw it up,
on the market no faster than it can
be readily absorbed, and consequent
" they express themselves IS conf.
dent that present rates will be main
! tanned. Good stock Steers are in
moderate request at q range Of So u
az Is, while tho poorer sorts are neg.
lected at $6 00a6 80. 4.
| The total receipts and shipments
of Beef Cattle for the four months
ending April 30, 1867, were as follows.