Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-08-01
STARTED 100 EARLY
Country Shippers Overload the
Market and Cattle Decline
25 Cents
HOGS WERE 20 TO IS LOWER
Fairly Active Demand and Firm Prices
For Sheep With Best Lambs Higher
- Full Mondays Average Supply of
Hogs Forced the Prices Down-Trade
Slow.


have resumed large shipments too
soon, and prices declined largely 70
cents today. as the result of an over
loaded market With liberal receipts at
prominent eastern markets the ship
pers required fewer cattle than short
time ago.
Butcher stock prices have dropped
40I75c In the past few days. and the
closing market has very weak tone,
while some cattle are still in the pens
unsoid. The market has been badly
overstocked and let-up In such lib
eral marketing is now due. Buyers
have cheapened the cost of their droves
greatly, and have caused country ship
pers much loss.
During the last few days commits
sion men have been flooded with let
ters and kilograms from their custom
ers who are anxious to ship stock and
asking advices as to whether ii is safe
to come and every indication now
favors the arrival of quite large re-
ceipts for the opening days of next
week. 1t has been demonstrated thor
that it will not be safe to have large
receipts here for some time. Last week
did not see more than half an ordinary
number of cattle and about one third an
average weeks run of. hogs, yet this
number has been all that the trade has
been able to handle. In fact, the H.
600 cattle of Thursday and 5000 for
Friday was more than there was active
outlet for and the result has been
break OF 20 to 40 cents in prices for
steers, while butcher stock has slump
ed fully 40 to IS cents.
Hogs.
With the sudden return to full ay-
erage Mondays supply prices declined
2om25 cents Trade was very slow.
The packers were all avoiding heavy
packing hogs last week and that grade
was fully 10c lower. They gave as
reason that they have no carts to pick
up the cripples and slow hogs while
driving them. and that they would
rather have the medium and lighter
weights.
Stock yard hog talent is all at sea.
Provision pit dizziness serves to In
tensify the uncertainty enveloping
everything relating to hogs and hog
product. None, however, pay much at
tention to existing prices. When the
strike embargo is lifted there VIII be
a violent rafting of hog market dry
bones. and as 1t is sphere where
prophetic reputa tons are easily
wrecked the talents is saying nothing.
Meanwhile thousands OF hogs that
would have gone to the shambles ere
now are wallowing in clover, getting
some corn and taking on weight
Many OF them are in shippers hands
and are being kept ready for shipment
on a moments notice. Every added
Law to the strike means more live pork
when killers are ready to handle II.
Sheep. t
There was fairly active demand
for sheep, prices ruling firm with best
range lambs at % cents higher.
Many more orders for feeding lambs
ire in hand than can be filed even at
s45om4.65. These prices are little
lboye the range at which feeders had
hoped to get a good class OF western
lambs. but western men say the small
er percentage of feeding lambs VIII
render supplies of such. especially dur
ing the first part of the season, much
smaller than usual. Range in most sec
tons has been so good that more than
the usual proportion of fat lambs Is
found i'm nearly every band.
Live mutton trade has been some.
what erratic. Swift has been the most
active buyer. Armour got In late on
the break. Bulk of the stuff bought
here has been shipped east for
slaughter, but local abattoirs are hand
ling more stuff daily. AS big punches
Of western are now moving. but niue
native stock will be required for
week. as with such a limited demand
killers prefer westerns. Values have
had quite a drop. Sheep are 20 Genus
lower than week ago. native lambs
10 To rs cents lower. while western
lambs have not declined more than
quarter. This illustrates the danger
incident to having too many natiVes on
tbis weeks market. Despite the strike
there has been a good shipping ana
city butcher demand, the latter tax
ing throw -out lambs 50 readily 'ha'
values of that grade held up well. =
considerable number of Utah grass
nuttons Of not very good quality have
arrived during the week FEEDER de
wand has been good, most orders being
az an urgent nature, buyers, being uf-
able to fill them.
Chicago Livestock
Chicago, Aug. l.
fo I'D