Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1904-08-09
CHICAGO MARKETS.

Saturdays Liye Stock Markets in Brief
| Weeks receipts largest since strike
began: cattle trade again rules I'M
satisfactory; big run at start of week
swamps trade, some recovery later
and decline toward close; cattle prices
OF 15 to soc from week ago; late de-
mand very weak-small runs needed;
top natives for week s6.40-previous
week $685.; weeks average price good
/, beef steers 1886; average for previous
week s5.5O-year ago $3.50; big runs
must cease or prices tumble; traders
say demand needs slim run next week;
butcher stock prices little changed for
week. late advance wipes out Mon
days decline today's hog market ac-
tive-best shade higher; closing 10 to
| zoe lower than week ago; days av-
erage price S5.33-bulk $50 to $3.50;
weeks average price $5.33-previous
week SEAS; sheep trade quiet at bot
| tom prices Of week; fat sheep 10 to
zoe lower than week ago; feeding de-
mand takes more than $4,000 head;
native lambs show about SOC decline
for week; very choice lambs secured
now at $3.50; feeding lambs are still
conspicuous by absence
Receipts.
| Chicago's receipts last week, compar-
ed with previous week, increased a.
600 cattle $4,000 hogs, and 1260O sheep
] Compared with the corresponding
Of 22,6O0 cattle. 5000 hogs and 3, zoe
sheep.
Beef Cattle.
Owing to a very bad beginning last
week the cattle trade was not very
! satisfactory. There was no new de-
| velopments in the strike situation In
oP f,,r FL ,o1l tn all
| ins, for all the tentative efforts to re-
store peace failed, and the opposing
forces are as far apart as they were
a weak ago, and even farther. for a,
the present time there seems to be nc
hope of compromise. Packers have
been gradually importing outside help
until they have fairly good compile.
ment Of men now, but the great ma
jority are green at the business and
of course, are not able to accomplish
much. In spite Of this generous as.
sistance packers were not able to pu
out more than so per cent of the nor.
NAL work in the cattle department
which made the demand correspond.
ingly limited, and each day some cattle
were carried over unsold.
At the present rate it will take some
time to get back to the old schedule
| There We're no serious hindrances from
PoAAS>
have managed to suppress rioting Yer!
effectually. There are indications nov
that some difficulty may be encounter
ed this week in getting cars iced, a.
4 the icemen are on the point of goinl
out on q sympathetic strike. II thi
happens the demand is likely to b
decreased, for it will not be possibl
quantity Of beef. Although the mar
ket closed the previous week in ba'
shape, due to liberal receipts Oh
Thursday and Friday, this fact did no
seem to discourage shippers from get
ting in with a remarkably heavy sup
ply on Monday, and the trade wa
fairly paralyzed. over $4,000 cattl
were received, which was decidedly tn
largest supply since the strike wa
started.
The shipping demand was only mod
erately active and exporters were buy
ing moderately, SO that the advantag
was very much on the side Of the buy
ers. That they took 1t was clearl
evidenced by the reduction of 10@85
, that it was necessary to record. Ship
pers quickly realized the serious mis-
take they had made, and since the
the supply has been more in keepin
with the demand. At the close G
Monday values were quoted 10000
off from the highest time last weel
but since then 1t has been possible t
! recover some Of the loss until nov
D prices stand close to 20@25c below til
/ II level of last week on the rank and fl
1 of the cattle. What the near futur
! has in store in problematical but 1t
, certainly not encouraging, unless sup
J plies are kept down to very low fig
! ure. Eastern markets are in prett
bad shape, having been rendered TOP
, heavy by too much beef. Shipment
have not kept pace with the offering
! for the official figures show that tn
weeks receipts will run out close to
n gain of $4,000 head over last weel
: while the shipments were only abol
4 5000 larger. 1t is not safe to ship
= freely when the strike Is still on an
conditions are uncertain. The week
closing with prices about as follows
I Choice extra steers, s5.S0@6.4t
1 smooth fat shipping cattle, s5.2o@5.7i
4 mediun to good steers, s4.75@5.3;
) poor to fair, s4.O0@475. Top for tt
0 week s6.4o, against s6,65 the previol
week.
The supply was very small Saturda
1 and there was no market The on
( sale of Importance consisted Of a lot
1O5 stillers averaging 1873 TBS. whic
{ brought $500. Traders are much
o sea regarding the probable run toda
8 popular guesses being at $4,000 to 20
2 900, which all think will be too man
= Representative Sales.
4 Following are some representa-,
4 sales made in Chicago Saturday show
ing lowest, medium and highest pric,
paid: