Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-05-26
CATTLE WEAKER TODAY
Prices Sagged Almost From the
Opening to Closing of
the Week
LOWER HOG MARKET ALSO
There Were More Hogs Than the
Trade Could Readily Dispose OF, But
a Part Of the Initial Loss Today Was
Reeained Before the Market Closed
Sheep Steady.

Hegaineo 6etore the MARKET N'oSeo-
Sheep Steady.
Chicago May 26.--Cattle-An in
crease of about 1000 in actual receipts
for the week had depressing effect
on the market Practically every grade
OF cattle weakened Prices sasged all
most from the opening to the closing of
the week The exact extent Of the de-
cline is difficult to figure Most sellers
call the market 2OdD25 lower on steers,
while COW stock suffered fully as much
and in some eases even more.
cloud of depression has settled
down over the beef steer trade this
week and gives smstll promise of lifting
until the big receipts are curbed. En-
cessive marketing Of nearly $4,000, the
largest since January. has Hooded beef
channels and brought about wreck
age to the price range which traders
say will require consistently strong de-
mand and more moderate receipts In
the next few weeks to mend.
Prices have dropped largely 2o@25c
from a week ago, and even the prime
kinds in late days showed zoe loss
Heavy weights We're hit hardest. these
dragging all week, but the medium to
good yearlings also suffered consider
ably under liberal receipts.
Excessive marketing of 1865 on
Monday started the price range in the
wrong direction ana weaker trade fol-
lowed Tuesday, while the Wednes-
day market again dropped mostly 100
15c under big mit!week supply OF 3D.
02S. Thursday the conditions were
again adverse to satisfactory trading
and weakness was perceptible in SELL
ing the heavy steers altlo light and
medium kinds held about steady. Hot
weather in the east has reduced the
consumptive demand and shipments
for the week will hardly equal those of
a week ago, despite the big increase In
receipts.
Exporters have purchased a compar-
atively small number of cattle since
Monday and this lack of outside cons
petition has narrowed the trade. Local
demand for all but handy weight me-
dunn priced grades has been big dis
appointment but the buyers have claim
ed beef trade is not encouraging to lib
era! buying, altho the local houses
have purchased rather freely at the de-
cline and now have a considerable vol
ume of cheap beef on their hooks.
Few steers have reached $5.75 in the
week and bulk of choice grades $5.oo %
sos. including export beeves up to
$40. Medium to good killers made
$4G5@5.10 and the poor lots ranged
down to $500.
Hogs.
More hogs than trade could readily
take care of resulted in a lower mar
ket The market opened 500 lower,
but it closed with part of the initia:
loss regained, and the market was no
more than 5 cents under the best time
Friday The market closes 212 under
the close of a week ago.
Big supplies here on Monday and
Wednesday OF this week and a failure
of the shipping demand to make cor
responding expansion, enabled packers
to make the raid Gu the market they
have so long desired, lowering the
average cost 12c in the three days.
Supplies We're promptly reduced on
Thursday and Friday, however, and
buyers were forced to pay higher
prices, most trading Friday being only
a shade under one week ago, while
the top at $6.57k showed 21ac loss
from that day. Fancy lots brought
that price Friday, against $6.45 for
best on Thursday, while the bulk OF
sales showed range of S6.50@655
Range of prices this week was the
narrowest of the season, While quallty
was very good and the average weight
this week promises to be the heaviest
of the year.
Sheep.
Prices today for the most part were
nominally steady. The demand for live
mutton this week has lacked the keen
ness which characterized it last week.
Buyers had the best of the argument
most of this week, and they TODD adj
vantage of the situation to lower
prices 25m50c under the recent high
range, and yearlings and wethers went
10m15c lower than one week ago, while
ewes lost 25@35c.
Enlarged supplies, lower markets in
the east and a failure of the dressed
mutton market to follow the higher
pressing factors in the trade. Buyers
claim sheep and warnings are dear in
the carcass and that consumptive de-
mand has materially fallen off since
the sharp advance in values, making
the decline only logical. What the
market needs most at this time is eau
tious and conservative marketing, and
there is no fear among commission
men that prices can be carried to a
very much lower level in the near flu
ture.
1t has taken fancy class of handy
weight yearlings to reach $685. recent
ly and plain to choice kinds brought
$610@6.25 While prime heavy native
wethers reached s6.4O sales higher than
1925 were rare, while the bulk went at
this price down to $3.50 for very
choice to plain kind. Native ewes of
an extra class and weghty sold up
ward of Sc, but most lots went at $575
as for a good to choice heavy class
while palmer and fair grades brought
$3.50 $50
Chicago Livestock.
Chicago. May &c.
Cattle-Estirlated receipts for TODAY
800; steady; beeves. 4.00@5.S5: cows
and heifers, 1.6om4S0; stockers and
feeders, 2.S5@4.75.
Hogs-Estlmated receipts for to1ae
$4,000: 5@1o lower: mixed and BUTCH
ers. 6.25@6.50; GOO. .heavies, $40 %
$50; rough 6.15@6.S0; light, 6.20@6.-