Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-06-12
.CATI[E BARELY STEADY
There Was a Good Demand For
Dry Fed, But Grassers Sold
Slowly Today
PRICES WEAK TO 10 LOWER
Cows and Heifers Were Fairly Active
and Suckers and Feeders Slow
There Was An Active Shipping De-
mand For Hogs and the Market Was
Strong.

SAISd6Oy "SsSilLlC-1li Ni :
was good general demand for dry
fed cattle of desirable kind at steady
prices, but grassy cattle moved off
slowly. and prices were weak to 10
lower. Some fancy cattle went at
$685.. Cows and heifers were fairly
active. stockers and feeders slow.
There is a growing shortage of the
good fat classes of native steers, and
the recovery in values for these grades
in late days last week has indicated
that general demand for such kinds
holds WELL and traders express belief
that moderate marketing of the rela-
lively small supplies of fat steers now
in feeders hands should hold prices for
these up to a good range.
Exporters are good buyers of fat
heavy weight steers and the generally
liberal liberal eastern outlet for such
kinds promises to continue for the
next few weeks and many traders are
inclined to the belief that the range of
values will widen rather than draw
closer together.
Hogs.
There was a general shipping de-
mand and prices We're steady at 4.65
to SAFE with bulk of sales at $1,000
5.371la.
But little change has been effected
in hog values during the past week.
On all breaks demand develops, and
whenever quotations are shade lower
the supply is we'll cleaned up Receipts
o,.ya 70 Ind "a n
spring farm work has progressed to a
stage where shipping has been re-
sumed. Fresh meat demand is ur-
gent and is dominating values at Chi
cago, where prices are ranging con-
siderably higher than at Missouri riv-
er markets.
Quality continues good and the bulk
of hogs is selling at very narrow
range in consequence. The scent mar
ket idea so industriously touted for
weeks past has failed to materialize
and I do not believe packers will be
able to put up a drove on the Chicago
market at that figure. Recently, when
ever the market has dropped to sou
@5.25 basis, it has quickly recovered,
shippers bidding it back.
The manner in which supplies are
absorbed, indicates that killers are US
ing up their fresh meat stocks as fast
as the stuff can be put into coolers, and
cash demand for cured product. espec-
tally bacon, is excellent. The next two
weeks will tell the story, as during
that time the surplus Of marketable
hogs in the country will be moved, and
if packers are to put the market on a
do If d1lr.
ing that period. Market sentiment,
while not bullish, is that prices will not
go much lower than recent low spots
and that next month will see higher
market.
The future of the market depends
largely on continuance OF the present
good jobbing and eastern demand. A
rising corn market would doubtless
stimulate marketing and is to be reck-
oned with. Packers would probably
not be averse to higher prices, pro-
yided they did not have to take too
MANY. as they are evidently in the
humor to put provision pit futures on
loftier notch.
Sheep.
There was a usual active demand
and prices ruled strong.
The bulk of the advance of the past
week materialized on Wednesday when
the top price on clipped western lambs
jumped from $685. the previous day
to $3.50. At the close gains of 10@4O
cents have been recorded, lambs hav-
ing scored the most of it. Sheep are
about Is cents higher but light. handy
weight finished lambs are 80 and in
some cases 40 cents higher. Heavy
lambs have gained about 20 cents. Few
good sheep have arrived and since
Wednesday prime clipped lambs have
been scarce. Natives of all kinds have
been in meager supply, and bulk of
sheep have been tail ends from feed
lots that have sold at prices not indi-
cative of what desirable quality would
have brought The advance was solely
due to contraction in supply, Chicago
having received but 6s,s42, against
S4,365 last week and $1,000 a year ago.
Missouri river points have also been
lightly supplied. Eastern markets
have had few, indicating that Ohio and
Michigan are about out. Good spring
lambs have been scarce and they are
mostly a quarter higher, choice MAX
ing $3.50 late in the week, against
1925 early.