Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-08-31
WEEK SHOWS LOSS
Cattle Prices Lower Compared
toOne Week Ago BestG Grades
Only Slightly Off
HOGS DOWN EXCEPT LIGHTS
Prices For All Other Grades OF to 10
cents-sheep and Lambs Show
Heavy Loss in Prices During Week
Quotations in Leading Livestock
Centers.

Chicago, Aug. 81 - Cattle were
steady. Prices closed slightly lower
for the week on high grade native
steers and from 10 to zoe lower on me-
dunn and common sorts. Butchers have
been in fair demand. There has been a
good tone for the better grades of cows
and heifers values showing but little
change from previus week.
notwithstanding the fact that re-
ceipts foY the week were not above
the normal, conditions were such this
week that sellers had reason to, be
greatly disappointed with results. The
supply will total close to $4,000.
against $4,000 last week and $4,000 q
year ago. About 10000 western rang
ers were included In the receipts
Lack OF interest on the part of ship
pers and exporters was really the
cause of the dizziness in the market
this week. 1t is claimed that the east
ern demand for beef is unusually light
and that the strike of teamsters IN
New York, which interfered with the
delivery of meat, had something to do
with the indifference OF buyers. AT
any rate. not much competition pre-
vailed from shipping source Pack
ers were also light buyers most of the
week, and in spite Of the fact that
offerings were less than year ago
it was impossible to sell the cattle.
except at a discount.
All cattle shared in the slump, but
the greatest decline was on the plain
medium steers with pretty good
weight. These are quoted 25c lower,
while the bulk of the pretty good ship
ping steers We're considered 10 Qloc
off Receipts of range cattle We're not
up to expectations, but when buyers
can force the market lower on light
supply, there is no telling what they
would do If rangers were coming as
freely as a year ago. Under the cir
cumstances it would surely be advis-
able to hold the light and medium
cattle back and make them better IN
condition.
Hogs.
Hgs and lights We're steady, but all
others 5@ 10c lower.
Hog growers are Sprintins away
from high priced corn and premature
movement of the fall crop OF grass
widows" is already in evidence. Con-
verting 60-cent corn into 5-cent pork
does not look like an attractive pfopoE
sition and the country is sidestepplng
Ill Liquidation is running a free
course and unless corn prospects i'm
prove or sentiment changes the mar
ket will be glutted during September
with big gaunt sows that have weaned
their pigs and become available for
food supply channels. Usually they
are made fat, and in the condition they
are now coming packers do not regard
them favorably. Product from a big
slab-sided SOW begins>to shrink the
moment 1t goes into cure and the proc
ess Of contraction never ceases. I'M
less the country restraints it's impulse
to liquidate, there will be spread Of
$40 per cMt. between big sows and
prime Eight hogs within a week.
Few western sheep and yearlings
are available. That trade is mostly
quarter lower. Native ewes have
broken anywhere from 25@40c this
week, the quarter lower quotation
catching most of the stuff. Weekend
feeder trade is always unreliable, buy
ers having gone home. Good feeding
lambs were worth $40 and less desir-
able stuff &C. prices that are 100000
lower for the week. Feeding yearlings
sold up to $6 and are probably no
lower It is a s5@5.20 market for
feeding sheep. Breeders are as high
as ever.
A year ago medium native lambs
got Just such "swattingf as. was
administered this week. plenty of them
selling at s625@65O Feeding lamb
trade was good, $3.50 being the COM
mon price. The best price on western
lambs was $40, but plenty of them
sold at s7.S5@765. 1t was 6@7-
cent lamb market. Western wethers
sold up to $685. and native eve trade
was on a .$5@5.50 basis. Feeding year.
lings cost $4.S5@5.75, and feeding sheep
$4.60@4.90. Stock ewes broke a quar-
ter. selling at s5@5.75. Two years ago
it was a s5.25@5.50 market for sheep.
Three years ago! the bulk of lambs sold
at $5.50@6.
Sheep.
Sheep were nominally steady, the
light run being sufficient for all de-
mands. Sheep were 25 to Use lower than
week ago and lambs were 15 to Csc
off.
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