Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-05-15
Too Large Receipts Today
Caused a Decline of 10 to Is
Cents on Prices
FEW CHOICE CATTLE ON HAND
Butcher Stock Was About Steady,
But Medium Beef Steers Were Low
or and In Excessive suppIy-Larso
Receipts of Hogs Caused a Reduc-
ton In Price. -

were unexpectedly largeyand In excess
of present demand and prices reached
about 1OGD15 lower for the bulk of
cattle. Strictly choice were very
few in numbers and sold at about
former prices. Butcher stock was
steady, with no excessive numbers, but
there too many fair to medium beef
steers.
Above the s525 line and up to the
grades which have commanded SEQ
and better, cattle have gone slowly atnd
the trend of trade has been downward.
though these usual conditions do not
give indication of holding out for any
length of time, and u reaction is
thought to be due.
The increased marketing of good to
choice grades at this time. when the
public is showing displeasure in pay
ing for high-priced beef. has been en-
-tirely uncalled for. and in view OF the
depressed condition Of the market 1t
seems only natural that smaller ship
ping operations should be INDUCED In
until such time as conditions improve.
Hogs.
Supplies were excessiev and buyers
found it an easy matter to put prices
about 10 lower than Saturdays best
time There was an active local and
shipping demand, however. and sales
were on a liberal scale at 4.S0M5.40.
The weeks receipts here We're IN
excess of 100000. against $500 last
week and 1866 n year ago. The
weeks run was fully 10000 more than
packers expected and makes two
week supply. or one third the month,
of 2bS,A7S, which is 1884 more than
arrived during the same period OF 1904.
May receipts last year were bS0,0o9,
and as $4,000 are expected by pack
ers this month the movement is al
ready pointing In that direction. ON
good many hogs have been contracted
at five cents or thereabouts. In the
country, and, expectant of a rush mar
ketward after corn planting those VINO
have them will naturally be anxious
to get such Auff off their hands in
anticipation OF the inevitable break.
What the trade Is now calling for Is
Il light weight hog. 1t is n seasonabie
demand. obviously lard is not wanted
when packers have more OF 1t than
they can storage room for Peculiarly
while light hogs are being called for
the country seems to imbued with q
desire to make them heavy. Hogs
have been paying for corn consumed
recently and there has been every IN
centlve to put on weight. Summer
demand for light hogs is now feature
of the trade. 1t is condition that
makes the well-cared-for fall litter
look a profitable proposition.
Sheep.
There was a full average supply TOT
Monday and general demand was GOOD
with hest sheep and lambs selling
largely 10 higher.
Fresh arrivals of live muttons sat
urday comprised about 2,ooo neao
mostly sold to arrive. the major por-
ton being string Of lambs at $3.50.
The unturn in values which began al
fer the low spot had been struck at
tho middle of the week before. MAD
continued uninterruptedly. 1t had been
effected in the face of liberal receipts,
the run being approximately 8l,54o,
AGAINST 74.2SO the week before, and
56.s42 a year ago. Supply has carried
a l1Deral proportion VI ~" S"sf -
less lambs than recently, consequence
ly mature stuff has gained less OF the
advance. Choice lambs at the close
were 60@65 cents higher than the
week week before. On the low spot
of that week these We're out Of the six
cent class, s5.s5 being about the best
price obtainable, the advance has been
effected i'm spite Of unsatisfactory
markets down east, Buffalo prices
having ruled about the same as those
at Chicago all week, u large proportion
of sales there being at a range of s6
@625. At the finish here bulk OF good
to choice lambs were OH $3.50 %
600 basis. One reason for the good
undertone displayed lately is lighter
receipts at Missouri river markets.
bulk of the contents of western fed
lots having been disposed OF.