Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-05-21
Heavy Receipts Made 1t Impos-
sible For Sellers to Hold
Prices Up
HOG MARKET CLOSES LOWER
Receipts Were Too Heavy and Closing
Prices Were at Decline of Ten to Eff
teen Cents-sheep Trade Good To-
day and Gains of Ten and Fifteen
Were Made.

Chicago, May -Cattle-Deman1
was fairly good, but heavy receipts
made it impossible for sellers to hold
prices up to the levels at the close OF
the previous week The general de-
cline on steers was 10M15 cents, tho
there was little change in the COW
market Strictly choice sorts were not
largely in evidence.
The closing level of prices for med
ium classes holds about on a basis
with that noted ten days ago, while in
some instances they have shown
strength, altho values for most of the
heavy steers have shown range weak
to 10c lower. Big marketing at the
start of last week was responsible for
the decline III heavy steers and sellers
ability to hold prices about steady
since then has attested to a moderate
~ good demand from most sources.
Shippers and exporters have given
the trade better support, taking 2S,9oo
cattle out of the run of 81 900, COM
pairing with purchases of 2i.1T0 last
week when the receipts were 5T.607
This better outside demand has pro-
vided outlet for q good part of the
surplus in arrivals over the previous
week, and stronger competition the
opening day gave the trade for all but
plain and medium heavy steers fairly
tone.
Last week the big weight plain
steers We're moved very slowly, both
local and eastern buyers having small
use for them, while the outlet thru
exporters was also narrow. but FORUM
ately the run of these was not very
heavy and sellers We're enabled to hold
prices for the bulk on a level with the
decline established on the opening day
Some of the handy weight fat steers
have sold a shade stronger in the
closing days, meeting rather firm de-
mand from New York shippers. but
the trade as whole has not reflected
strength and the situation at
present does not appear especially bull
ish.
Anything choice in the yearling line,
mixed steers and heifers, has
sold satisfactorily. but the proportion
of plain and medium yearling grades
arriving has been larger than usual
and these sold on a weaker basis some
lots showing 10@15c decline from the
strong prices made at the start of the
week.
Hogs.
There were too many hogs for SELL
ers to hold prices steady with the levels
of last week. Closing prices We're 100
Is cents lower than the best time Sat
urday. Packers would not pay over
$632m$6.35. and the bulk of offerings
went at $630M6.37.
Corn planting is done and if the
country has the hogs to cash in the
time to move them is regarded in kill
ing circles as opportune. Unless run
occurs next week packers will expert
ence the necessity of abandoning their
them.
Sheep.
While receipts of cattle and hogs
were too heavy for the trade, the exact
opposite was true of the sheep trade.
Most sales of sheep and lambs showed
gains of 10 cents. and number Is
cents higher
The prospect is for maintenance Of
present if not higher, prices but quo
tations have reached such a level that
halt must be registered somewhere
and advances registered hereafter will
be moderate. AT the same time the
visible supply is not heavy and With
present consumption there is nothing
in the outlook to justify bearsh opin-
ion.