Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-08-01
CATTLE STEADY TODAY
Choice Steers Scarce, With Com
mon and Medium Sorts
Hard Sellers
HOGS FIVE TO TEN LOWER
Offerings Were Considerably Larger
Than Needed to Supply the Trade,
and Shipping Orders We're Light =
Packers Principal Buyers Sheep
Market Slow Today But Held Steady

Chicago. Aug. 1-Cattle were steady
to strong and the light supply was soon
cleared up. Choice steers We're scarce,
| while common and medium sorts were
not wanted, and proved hard sellers.
| Packers seem determined to get the
grassy cattle down to Texas basis,
and the way the market has been slid
ing during the past week 1t will soon
| be there Because the best cattle are
going up and the poorest grades going
| down, the extreme range is much wider
than usual.
! Exporters are not buying freely OF
late Conditions are very bad across
the water, and exporters claim to be
losing heavily. Space Is engaged, how
| ever, and they apparently would rather
ship than lose the cost of the con-
tracts.
The general impression prevails,
however. that the choice steers will re-
main high the balance of the year.
while the common light weight cattle
will sell low on account of the COM
petition from Texans and western
rangers. which will flood the market
for the next three months.
Hogs.
Offerings were beyond the needs OF
he trade. Shipping orders were light
aud packers took the bulk of stuff at
prices oGp10c lower than yesterday.
A week ago the. bulk of hogs sold
at $6.10M630, a month ago it was a
s590@6 market. and a year ago $500
@65O took the big end Of the run. but
heavy packers were then selling in
straight loads down to s5.75. and the
range was much wider than at pres
emit
July receipts are approximately
100000. or $4,000 more than in July.
1906. This was due to continued
liquidation, and makes seven-m months
supply of about 4,492,500, or only a.,
900 less than the same period last
year. A feature of the month was
contracted shipping demand. that out
let taking but $4,000. or $1,000 les
than year ago. Shipments in seven
months are $4,000, or 296. 900 less than
last year.
July saw the low spot OF the year
reached on prices AT the beginning
of the month it was a s6@6.10 mar
ket. with 1925 top. Bottom was.
struck at s5,75G5.90 for the bulk. with
a s6.O5 top. but following that there
was sharp recovery the top selling
back to $685. in about two weeks.
Quality deteriorated during the month,
proportion of grass widows" showing
a decided increase.
Sheep.
Sheep We're steady but slow Good
native lambs found fair outlet, but
the demand was not sufficient to raise
prices.
July receipts are about 100000 or
5000 less than last year, the run for
seven months showing a decrease of
$4,000 compared with the same pc,
riod of 1906 Shipments in July We're
about $4,000. or $4,000 less than last
year. Seven months shipments are
413.000 or 12S,00O less than in 1906.
Market conditions were badly de-,
moralized most of the month, owing
to q heavy run of southern lambs,
which deluged eastern markets. A
goodly percentage of local receipts
came direct to packers from Ohio
river ga%eways. Kentucky and Ten
nessee cut loose big crop of choice
lambs. The July movement of range
lambs was very light. only few
thousand arriving. Supply of sheep
from that source was also small
A feature of July was an unusual
demand for feeders at the highest
opening prices in trade history