The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-11-11
:. CHICAGO LIVESTOCK
otal sales, 294,2OO. E.

While values for. steers have receded
,l0c from last weeks high point, there
is a fair tone to the trade and the
choice classes hold on a firm basis. In
creased receipts were responsible for
the drop in prices, but there has not
keting totaled 1852, against 69,555 a
week ago and 1920 a year ago. Scar
city Of well finished steers is RESPONSE
BILE for the high level Of prices and the
strength in this line of trade has lent
a bullish influence in the market for
the medium classes, tho it is evident
that the satisfactory conditions gov
erning trade for these cannot hold un-
der big mark etings of the half fat
few loads at 81 and upward. Most of
the COW stock sold on a steady to irmer
basis. Absence of liberal supplies of
western range cows has brought out
greater interest in natives from the
packers. There has been only rather
small supply of choice cows. :,
Feeder demand picked up consider
ably in the last few days and the good
1000 to 1,100-pound feeders sold 1900
Csc higher than a week ago. Light
stockers were in very poor sale in the
early days Of the week but the demand
broadened Of late, and sales have been
loo higher. Choice feeders went at
$4.25@4.50, and the bulk of the me.
dium to good at $3.50@4.10. @.>..
Packers landed some telling blows on
the hog market in the fore part Of the
week, putting Mondays average cost
on the lowest basis if about two
months. Sellers: had their innings later
on under reduced receipts and all adj
vantages gained by the former was off
set. This resulted in the general sell
ing late this week on basis not quot
ably changed from one week ago.
Prime butchers reached $3.50 and the
Of the market in the nearby future, de-
ponds mainly on the receipts.
This has been a bad week for owners
of sheep and lambs. The mutton grade
Of sheep indicate Csc loss for the week,
while the yearling stock went 40(O50c
off. Most Of the lambs sold 25@35c
lower than the close of last week. It
is not thought buyers will be able to
hold prices down to the present range
SO if the habitat stock is kept off the
market. Sales of the mutton ewes were
mainly at $5@5.35, and the feeders
| brought $3.25(O4.25, according to kind,
while breeders landed at $4.50@5.5O.
| 1t took prime lambs to reach ST. 80 re-
Gently, and very good fed westerns
| went at 1925, while the bulk Of the
fS0OutsGVi Veiy5 SOOu Idt 1du1US lauueQ dL
$6.50@7, culls going anywhere from
$3.50 to $5.75, most good ones around
$3.50. The bulk Of the range lambs
were Of the second class kind and sold
at $6.60@7.
Piper, from New York--No sooner
had the bank statement been issued
showing that the reserve was entirely
wiped out than the market sagged off
land closed at the lowest prices Of the
week. That poor bank statement
would be made has been predicted for
two days, but it was even worse than
Expected. Relief is in sight. Secre-
tary Shaw has returned to Washington
and says he does not consider it neces-
sary to interfere, but experts who are
carefully watching the situation, de-
clare that the tide has turned and that
money is flowing back from the west to
New York and Chicago in ever increas-
ing quantities. Every week now ought
to show an Improvement in the none
tary situation. 81