Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-08-12
CATTLE SALES SLOW
Receipts of 1000 We're Ample
For the Trade, A Large
Number Carried Over
HOGS CONTINUE ON DECLINE
Country Shippers Are Marketing In
Greatly Increased Numbers and
Prices Are Falling Rapidly-A De-
cline of IS to 20 Cents Today-sheep
Only Fairly Steady.

Chicago, Aug 12.-Cattle-Tod
receipts of 1000 were ample, good
many being carried over last night
Most of the offerings were common
to medium in quality, and sales We're
slow at the recent slump in prices.
good clearance was made yesterday
which was better than most traders ex.
pected. Even the hold-over cattle were
advantage than the day before A few
good steers were picked up for export
and the shipping demand was quite
good to other points than New York.
The better tone to the trade should not
be construed as bid for q big run
next week, or there would likely be a
repetition of the decline noted this
week. Conservatism will have to be
practiced as long as the strike lasts.
Now that the range for common
kinds is below $780, many are inclined
to believe there is little hope OF boost
ing such values in the near future, and
country buying of common grades
should be done only on wide margins.
The arrival of many common and thin
western range steers in the near flu
ture will tend to keep the common ma
tives at low point.
There was limited demand for all
classes of butcher stock again yester-
day, and statesmen are advising small
marketing at the start next week, in
order to avoid another big slump In
values. as the demand is not of suffi-
cient breadth to care for liberal con-
signments, and another heavy run must
inevitably sell still lower.
Hogs.
Country shippers are marketing in
greatly increased numbers and prices
are declining rapidly. With run of
q 0o0 today and s, 90 carried over last
night, there was big Fridays sup
ply and buyers found it easy to force
further decline of 1oG20. sales being
made of best grades at 20 lower than
yesterdays best time.
About $4,000 hogs were left in the
pens yesterday. The shipping demand
then was comparatively small ard local
buyers only operated on small scale.
but all interests bought at about their
full capacity under present conditions.
The big run was entirely uncaled for.
as sellers have warned country ship
pers to the effect that packers and local
Strengthening concerns are still badly
handicapped in their handling of stock
while supplies at eastern points are
rather liberal and many of the regular
shinping orders usually filed here are
going to those points. The heavy mold
over supply left will. with only moder-
ate offerings on the remaining days of
this week, be all that buyers can use.
and traders say that 1t Is now time 10
call a halt on the liberal marketing or
a further slump in values seems lnev-
table.
Rough and heavy packing grades
were the poorest sellers yesterday and
many of the common lots We're peddled
thruout the forenoon without receiving
bids. and owners of these should keep
such at the home until the demand inn
proves.
OF the 81 loads of hogs shipped from
Chicago to eastern markets Wednesday
ave went to Boston, ten to New YORK,
six to Springfield. with the balance
scattered among other points.
Quality of hogs was hardly up 10
the standard of former days or the
week, but yet there was a very 1alr
showing of good. smooth, medium to
strong weights.
A r1mor that the two big Boston
BUYERS of hogs were out OF the trade
~, ,ccount Of a strike in their plants
was without foundation. The two out
fits were out of the market, but II was
not on account of strike. at ieasl
the buyers for these houses had no NO
tice to that effect.
Sheep.
Sheep have been selling TINS week
much better than lambs. prices fof the
latter being as much as dollar lower
compared with last weeks best tlne.
Today the market was fairly active ana
unchanged.