Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-07-21
CATTLE TRADE STEADY
Past Week Has Been One of
the Most Active of En-
tire Season
HOG DEMAND is NOT ACTIVE

|
ity of the General Glass Of Offerings
Was Not Very Good-Sheep and
Lambs Declined This Week.
/ Chicago, July 21.-Cattle-Trade was
nomnaly steady. The market closes
after one of the most active six day
periods lof the entire season There
has been more life and a more notices
able indication on the part of buyers
to pay high prices than since the beef
scandal was first brought to the notice
of the public. All steers of good quail
ity have been in demand. The better
ment did not extend to all classes of
stuff. for there was decided disin-
clination to pay even steady prices for
| steers of the grassy order but for cat
tie of good quality, prices advanced
| 10000
Producers of good to choice beeves
! this week have enjoyed an excellent
| market. Those who needed the advice
of traders. given some time ago. to the
| effect that there was every indication
| for the market to get better for finish
ed beeves. are now reaping the bene-
| fits These grades We're ready sale
! daily at the best average of the sea-
son and recently 10m20c above the
range in force late last week. 1t has
been a different story as concerned
the commoner, grassy and medium
steers, as trade in such dragged on
most days and prices We're lowered In
some instances as much as the bet
ter grades sold higher. The large
number of Texas cattle which local
slaughterers received from outside
markets and the landing here of more
liberal numbers from the southwest
ranges worked harm to the poorer ma
1 tives. Owing to Texas cattle costing
! on the hoof about the same as grassy
] native stock or between $500 and
$500 in addition to the fact that such
are proving relatively cheaper on the
hook than the latter kinds, local buy
| ers naturally prefer the southwestern
steers.
A prominent feature of the trade this
week was the widening of the spread
between the commoner and better
beeves, the margin being the widest
Of the summer season now With the
advent of western range cattle the
spread is expected to be even wider.
Nearly 100 head of prime beeves
made $6.40 this week. the best price of
the year. considering the number
which landed at that price, and stiller
steers landed at $500 More offerings
brought $500 and better than in any
week Of the summer season thus far.
The bulk of good to choice beeves sold
at 1926 upward to $500, most of the
fairly good to medium steers going at
$500 down to $3.50, while the poorer
kinds of grassers went around $40
down to $500.
The freer buying of shippers this
week would indicate that the eastern
demand is broadening. while the better
buying by exporters reflected the bet
ter demand abroad, and. as packers
have shown more concern i'm securing
the better kinds than usual. there is
every reason for believing that the To-
cal consumption is improving mater
tally.
1t was hoped that midsummer rains,
which frightened prospects for big
crop of corn and insured plenty of
fodder along with the upward trend
of the market for choice beeves, would
stimulate more interest i'm stockers
and feeders. but this has failed to ma
terialize Countrymen still put forth
the argument that short pastures and
high-priced grain bar them from talk
ing hold with the usual activity.
Prices for bulk of offerings now show
75cM$1.oO decline from the recent high
day, with no safe outlet for common
and medium classes. tho steers that
were suitable to take back to the
country for a quick turn in the feed
lot met with better sale. Sales of
steers as high as 1915 We're rare, and
most selling was at $2.75M3.25, with
thinner kinds going below $2.75.
Hogs.
AS compared with the best yester-
day the market was five lower. Com
pairing it with the lowest, it was about
five higher Demand was not active
and the quality of general offerings
was not very good.
Under larger supplies than expected
the trend of the market has been lower
most of the week. tho buyers seemed
to want the offerings at the lower
range Trading in the main yesterday
was sc lower than one week ago. One
of the largest runs of the summer sea-
son was landed here on Monday and
supplies on the following days were
liberal The break was logical one,
as packers claim hog products are go
ing at loss now owing to the high
cost of stock on the hoof, and larger
supplies early in the week enable them
to use their hammer on the market.
While prime light weights reached
$685. this week, or within SC of the top
of the season, it took fancy class to
go higher than $6.S7R recently. while
the bulk of sales showed a range of
from $6.65@6.S0, the commoner and
grassy lots going at s6.30m6.5O.
The supply of hogs in the country is
not large it is generally thought, but
any increase in receipts like early this
week will only result in buyers ham
mering the market quite severely With |
moderate runs there is little fear of
buyers carrying prices to very low |
level. as the outlet for fresh products |
is unusually broad, considering the |
high prices at which such are held.