Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-07-07
CATTLE ABOUT STEADY
Practically All Receipts Con-
signed to Packers, and No
Trading Reported
GAINS IN THE HOG MARKET
They Amounted to About Five Cents
ON the Bulk of Hogs, But in Some
Instances, Prime Hogs Showed
Greater Gain-sheep Market Was
Largely Nominal Today.


Largely Nominal Today.
Chicago July 7.-Cattle-No trading
was reported. Practically all receipts
were consigned to packers. Prices were
nominally steady. Prices at which the
bulk of steers sold this week. were not
much different from values oblinak'e,
class for class, last week.
Killers failure to lower prices for
the grassy kinds from last weeks
range has afforded the sellers consid-
cradle satisfaction, however, and has
indicated that the beef situation must
be fairly good at this time. The strong
selling of good kinds at higher prices
has been a criterion of the broad con-
sumptive demand for the better cuts OF
beef and the advancing market In the
past month should have given the
holders of half-matured steers conf
dence in the stability of the future de-
mand.
Prime steers have not shown ma
teral advances this week. but this has
kinds have been in comparatively
liberal supply and the demand for
them was filled without much exertion
on the part of buyers. These have
all along failed to make the gains not
ed for the next lower classes, but the
sellers feel confident that In the next
few weeks the supplies of strictly
choice long fed steers will be shorter
and that then values for them will
move upward in proportion to the
higher range now iii force for the good
kinds as compared with a month ago.
wider spread in the values for poor
est to prime kinds has for some time
seemed in order, but as yet has failed
to materialize, altho the traders say
1t must come as soon as the western
range cattle are marketed freely. Then
they believe that the grassy natives,
which have thus Jared relatively well,
must take a fall in value.
Hogs.
Gains of about five cents were made
on the bulk of hogs, but there We're
instances in which prime hogs showed
greater gains.
The placing of more urgent orders
into the hands of buyers yesterday
would indicate that packers are figur-
ing that the severe break in prices
since early Thursday would check
shipments, and the readiness with
which they paid higher prices at the
finish yesterday showed that they were
discounting the nearby future mar
kets.
There was an almost continuous rise
in hog prices from the start of the
week to early Thursday, when the mar
ket was the highest Of the year thus
far and the best since May, 1903. The
top then was $685., paid for fancy light
weights on the butcher order. There
was a big slump in the market after
the first round on Thursday, however
and the range was lower again yes
terday, resulting in transactions show
ing mostly 5 cents decline from one
week ago. 1t took prime class of
hogs to reach $3.50 and the bulk of
desirable classes went at $6.60@6.75,
most fair to common grassy lots SELL
ing at $3.50 down to $6.25, according
to kind and weight.
Receipts fell considerably under ex-
pectations, rejecting the shortage OF
matured hogs in the territory adjacent
to this market. Then shipping orders
were good compared with the runs
which indicates that the eastern crop
of hogs is we'll depleted Local buyers
were brisk bidders for good offerings
on most days, and this shows the ex-
cellent consumptive demand for hog
products.
A prominent feature of the market
was the widening of the spread be-
tween common and good hogs, prime
light weights on the butcher order
making $3.50 and others of all weights
selling at 6.7712, while very plain mixed
packing sold at sS45 and poor heavy
packing down to 1928 Buyers are in
tent on making these two classes even
wider, and shippers in the country
should operate with this in view daily
if they would avoid losses
Sheep.
The market was largely nominal.
Prices were steady.
Sellers succeeded in carrying the
range higher during the past week,
bulk of recent sales showing Csc gain
over one week ago. This advance was
effected owing to supplies being great
ly reduced.
Light weight ewes were in good re-
quest as were wethers and yearlings.
Heavy ewes, however. met slower de-
mand. warmer weather rendering sale
of weighty mutton chops more difficult.