Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-06-08
CATTLE ABOUT STEADY
Steers This Week Have Brought
the Highest Price Of the
Year
GAIN IN HOGS is LOST
The Market Advanced Five Cents
Early, as the Result of Active Trad
ing, But Weaker Feeling Soon Pro.
vaiIed-sheep steady-Lambs Lower
Than Best Prices Of Week.

Than Best Prices of Week.
Chicago. June Seattle were nom
inally steady, and there were practice
ally no fresh receipts. Steers sold
during the week at the highest price
of the year
The market is closing up In good
shape but still the slump in prices dur
ing the past two days has Knocked
some of the bullishness out of the stu
alton. Liberal weekend marketing
has been the cause for lower prices
since Wednesday, but there Is still
mostly 10@15c gain noted In compar-
ison with last sales a week ago. Nom
inal quotations now stand S0M40c
higher than exirly last week and there
is every reason to believe that this
good level of values can be held in the
near future under moderate marketing.
Big receipts early next week, how
ever. can only have the effect of forcing
further declines In prices and feeders
and shippers must operate cautiously.
Packers have little beef in their
coolers at present and the same is true
of eastern slaughterers, altho the lat
ter are not in such bad straits as big
local houses since shippers have been
able to get goodly supply Of cows and
heifers Packers failure to purchase
cows and heifers subject" however.
has forced them to pay recklessly high
prices for steers: 1t Is evident that
they have simply had to have them
almost regardless of price. With big
run next week things may be differ
ent and shippers had best be corser-
vative If present prices are to hold.
There is a limit to all good things.
but the limit of high prices for steers
Is not necessarily reached as yet. Com
ditions are not keenly bullish and pros
pective of still greatly higher prices,
but further moderate increase in vail
ues would seem in order If the feeders
do not grow too greatly enthusiastic
in liqufdating. The sharp upturn in
prices affords feeders who bought high
priced thin steers a few months ago
to get out with a nice profit, but II
they hold onto their cattle and make
them fat there is nothing now which
indicates any but good profits later
on.
Hogs.
Demand was active early, at an adj
weaker feeling prevailed and most of
the gain was lost.
Strength of demand froma all sources
in the face of continued heavy receipts
was the gratifying feature of the trade,
Local receipts are $4,000 more than
last week and 10000 more than year
ago. At the six western markets the
five-day run is $4,000 more than last
week and $4,000 in excess of a year
ago. Under the circumstances it is a
rafting good market. A year ago the
top was $685., and 52h@6.57M took
the bulk. Shipping demand has been
good all week. that outlet having taken
25 per cent more than year ago.
This has undoubtedly been strong
factor in making prices.
Chicago Average Price of Hogs.
Friday $500. 1924 Month ago.. .s6.45
Thursday -. $40 Two months. 6.74
Wednesday -. 6.23 Three months 500
Tuesday 1880. 6.35 Year ago. -. 6.51
Monday ...... 6.25 Two years. =. 5.32
Week ago -. $40 Three years. 4.S6
Sheep.
Sheep were steady and lambs were
weak. Prices are Is to 20 lower than
the best of the week, altho they are at
a higher level than a week ago.
This week has been a remarkable
one for trade in sheep and lambs.
Prices for sheep were. raised to the
highest level since 1888, when top of
$3.50 was made. Prime heavy native
ewes this week reached $500 and wes-
tern wethers with some yearlings
among them landed at the same price.
Fancy native yearlings sold at $500
and a good sized string of western
yearlings and wethers mixed brought
$7.65, small lot going at $7.75, being
record prices for such offerings on this
market. AS for lambs, there was a
monotonous breaking of record prices
for shorn westerns early in the week,
ending with $50 on Wednesday, val
ues slipping back mostly 10c on Thurs
day. Spring lamb values We're unus-
ually high for this season of the year.
tops making $1,000, against $7.75 for
best one year ago.