Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-07-14
NO CATTLE MARKET
Cheaper Grades Lower This
Week, But High Class Stuff
Has Advanced
HOGS STRONG TO HIGHER
Fair Shippers Demand, Good scalpins
Trade, Together With a Satisfactory
Buying Movement by Packers, Gre
ated Better Market Today for Hogs
Sheep Trade Nominally Steady.

Chicago. July 14.-Cattle-No mar
ket was reported for cattle this morn
ing. The trade was on q nomlnaliN
steady basis, and the feature of the
trade this week has been heavy re-
ceipts of Texas cattle. While cheaper
grades of steers have been lowered l0
a 15 this week, high class stuff has adj
vanced.
Broad demand for fat beeves in early
DAYS this week again put them to Il
high range, sales showing l0ml3 cents
gain until the later market on We'd
nesday, while since then values have
dropped back until they are now only
on steady to firmer basis as compared
with a week ago. The late export and
shipping demand has been disap-
pointment, altho in the early part ofthe
week buyers for these concerns sup
ported the trade we'll. Plain and
medium native grassy steers have met
competition from big run of Texans
and they have gone slowly all week,
altho prices are still about at the clos
ing level of a week ago.
The receipts have been liberal, totalins
close to $4,000, against $4,000 a week
ago, when the holiday on July cut
marketing Prime steers have landed
UP to $3.50 and a few other loads made
$625, the best prices since April, while
sales up to $3.50 were fairly numer-
Gus. including Dakota fed Texans at
$6.00@610.
Most of the choice steers sold at
$5.50@5.S5, with export grades up to
$3.50 and the bulk of useful shipping
and dressed beef grades made $5.10@
5.35. Grassy and plain to fair killers
went at $4y50@4.90, and the thin cat
tie down to $410
The general situation respecting the
probable immediate future trend OF val
ues appears favorable to a remunera-
tive price level for fat beeves, altho
the close proximity of the western
range season together with the cur
rent liberal marketing of Texas cat
tie serves as bar TO buoyant hopes
for very strong selling of the plain and
medium grassy natives
Consumptive demand for good beef
cuts is broad at present, as is attested
by the good outlet thru the shippers
and the local trade is also moderately
good, while there appears nothing IN
dicatve of necessity of narrowing down
Strengthening operations from the pres
ent scale.
Native COW trade has been disap-
pointment to the sellers most of the
week. Only the strictly good, fat cows
l,a;f hot mo ra1iah1a demand
grassy stock soing very slowly and at
lower prices in competition with the
Texas cattle.
Packers have Stunned Gamers, and
also bought few of the cutters. The only
reliable demand for canning grades
has come from the outside buyers.
A few prime heifers sold at $1,000
5.25, but not many went above $3.50,
and best COWS at s4.60@4.T5, while the
bulk of good choice cows made 1913
04.25, and most medium grassy kinds
at $3.15@3.65. Poor COWS and heifers
went at $2.50@H2S5, and bulk of cutters
at s2.15 @2.4O, and the canning cows
largely at $1.4O@1.75, with inferior
down to $1.O0.
Stockers and feeders have sold very
poorly all week, and in late days the
plain and medium kinds suffered 15@
25c decline from best prices paid
week ago. Short pastures continue
bar to liberal country demand and the
lack of inquiry has forced prices to
very low level. The light stockers
have sold especially low fairly good
kind going at $3.15@3.SO, while poor
little steers went below s2.S5. Strictly
oh in i'm, small SlInn1V
but they. too. have narrow demand,
few going above $40.
Hogs.
The market was strong to five higher.
fair demand from shippers, and a
good scalpirg trade. with a satisfactory
buying movement by packers being re-
sponsible for the betterment.
Conditions surrounding the hog mar
ket most of this week were decidedly in
favor of the selling interests, with
Fridays market mostly 10 cents high
err than one week ago. There was d
big bulge in the market for hog prod
ucts. shipping outlet proved broader
than usual and buyers for local con-
Germs carried good orders daily, and
these bullish factors enabled holders to
dispose of their supplies at sharply
higher prices until Thursday and yes
terday. when the trend of the market
was lower.
Recent trading was at the best Level
since May. 1908. The coveted $500
price was reached on Wednesday and
Thursday. prime lots averaging III t.
261 pounds going at this figure, tho
bulk of hogs landed at $6.75m6.S5 yes
terday, with common to fair mixed
packing at s6.6006.70. The ordinary
rough heavy and inferior light grassy
lots sold at $6.4O@6.50.
Abnormal consumptive demand and
the main factors in the unusually high
range Now that $500 has been realized
traders wonder how, much higher the
market will ascend this summer The
prevailing range is highly renumera-
tive to producers and traders advise
against holding back hogs that are fin
ished tho they do not look for any
marked cut into the range in the near
by future. While the spread is more
try should operate on big margin.
for under more liberal supplies pack
ers will readily seize the opportunity
to lower prices right sharply for the
commoner hogs and heavy packers.
Sheep.
Trade was nominally steady
Selling of good light sheep early this
week was at 10m20 cents advance. but
recent trading was at that much loss