The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-10
CHICAGO LIVESTOCK

Prices in cattle trade suffered severe
y during the past week under run of
$4,000 heads which stands as the third
largest on record. A general decline
ct .25@4Oc was noted, but instances of
5O(060c loss were numerous, and at the
close nearly $500 cattle were still left
unsold. Receipts were $4,000 in excess
OF the previous week and glutted beef
channels badly, altho the demand was
exceptionally broad The big decline
in prices completely wiped out the adj
vance scored the privous week and left
the trade in poor shape for Immediate
recovery as the approach of the Christ
mas holiday will tend to cut down de-
mand for any but strictly choice cuts
of beef, and while cattle Of prime
quality promise to continue high there
Is little hope Of much improvement for
the Others
One lot of sixteen prime shorthorn
yearlings sold at 81 90 in the week,
the highest price paid since last April
and equal to the best of the year, while
| big number of prime beeves went for
Christmas trade at $4.OO@6.75, but in
late days those at $6.00@6.25 have sold
| 15025c lower. 1t took strictly choice
steers to land at $500 at the close, and
many good fat grades went under $3.50
and down to $500. Medium cattle sold
steers at $3.50@4.15. Only 1000 rang
ers arrived during the week and these
sold stronger, with tops at $4.25. Cows
were off lO(615c in early DAYS and at
the close again went 1oc lower.
Prime heifers held steady and sold
! up to $500. 1t took choice cows to
land $3.5O@4.00 and most beef grades
made $2.75@3.4O. Gamers and cut
export bulls were 10c higher at $4,000
3.75 and calves gained soc, prime kinds
selling at $7.75@8O0. Good to choice
| feeding steers advanced 15@25c and
! tops made $4.35@4.50, but common and
medium classes were only steady.
There was another advance in hogs,
the week 8 average price being $494
or the highest for any weeksin month
and 48c higher than the corresponding
week Of 1904 which was low week
during all Of last year. Packers
were good buyers up to Friday but on
that day they acted extremely bear
ish leaving 5000 in the pens, some Of
them without bids.
i Most dealers on the selling side of the
market seem to think prices will go
higher, while the buying fraternity
have opinions the other way, claiming
the advance of the past two or three
weeks was caused by the recent adj
vance in products which gave packers
chance to get out line Of stuff that
I netted them good profit at prevailing
prices for hogs.
4 One helping feature to the market of
late has been wonderfully good i'm
provement in the shipping demand for
hogs on eastern account, many points
in New York and other eastern cities
coming here for their supplies for the
first time in several months. If the
shipping demand keeps good the plans
Of packers may go astray. Best offer
ings closed around $500 with suitable
packers at 1870.
There was big marketing Of sheep.
The total, swelling up to about l01, 000
head against 66.529 last week and 70,
444 one vera ago, caused bad smash
in the market during the first half the
week Prices for the medium class
: dropped back as much as 30@50c and
the choice mutton grade showing 15(G
; CSC decline. During the last half the
4 week, however, the tone has been bet
J ter. Prime wethers will land close to
i 5000 again and the fancy class Of
ewes as high as 1915, while the bulk
of ewes soil at $5.00M5.60 and wethers
: mostly at $5.4O@5.85.
A fancy class Of light weight year.
: lings is salable around 1915 and the
/ big prime heavy yearlings around 1925
Trade in choice lambs has been strong
3 all week and closes firm at top prices
and a decline Of l5@25c in prices fol
plain and medium lambs suffered early
in the week has been about all re
gained. Prime lambs are selling up tc
| $7.75@7.85, the bulk of fat lambs al
!, $7.00@7.70.