Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-07-27
CATTLE TRADE SION
Lighter Receipts Than Last
Week Held Market Steady
Poor Stuff Lower
HOGS WERE QUIET AND LOWER
With Shippers and Packers Out of the
Market Today, Hogs Moved Slow at
Decline of 10 cents-sheep and
Lambs steady-With Loss for Week
From IS to SO Cents.

| From IS to SO Cents.
Chicago. July -Cattle--Nominally
steady and slow. Receipts for the
week have been much less than last
week, the better class of steers and
but lower grades have been slow and
closed about Csc lower than last week.
Competition from Texas cattle has
been largely responsible for the slump
in the market for common light cattle
during the past TWO or three weeks.
There is not much hope OF the mar
ket for that class of steers getting any
better as long as the Texans continue
to come freely, and 50 for the next
three months dealers here do not look
for any Improvement in the common
light steers which are of class to
meet the southern and western COM
petition. There has not been time
since 1902 when the demand for choice
finished steers was as strong as at the
present time There is no indication
that 1t will be less urgent the balance
of the year, and possibly will be stron-
ger unless the supply is greater than
generally supposed. 1t would there
fore look like a good proposition to
retain the common light steers at home
till they are fatter and In better killing
condition.
Chief'demand at this time is for fin
ished steers tipping the beams better
than 1920 lbs. Both shippers and ex-
porters We're keen bidders for these
kinds lately and packers put better or
ders into the hands of their represen-
tatives for such grades. on the other
hand, all classes of buyers carried the
most Indifferent orders this year for
the palmer and light weights Packers
claim their coolers are heavily loaded
With light weight beef and shippers
say their orders have been cut down
to practically nothing for such steers.
owing to the liberal number of light
weight steers being sent from eastern
farms to the markets there.
Hogs.
The demand for hogs was tame, clos
ing 10c lower. Both shippers and pack
ers were out of the market.
In the west there has been a decided
contraction in supply, the run at the
six western markets being approx
mately 100000 less than last week.
This looks like convincing evidence
that the big summer run, which has
been a depressing influence for months
past, is subsiding Eastern shipping
demand is light, that outlet having
taken about $4,000 this week, against
$4,000 a year ago and If eastern orders
came it at this junction further appre
citation would ge assured.
From the low spot early last week
up to yesterday, measuring by top
sales, the advance is 45c, the low spot
being S605, while at that time some
good heavy mixed touched s575. The
advance is so cents in many spots. The
top yesterday was but 80 cents lower
than a year ago, $3.50 being the limit
most of that session. On the cores
ponding day of 1906 good packers sold
at s6.2O@6.25 and good mixed at $3.50
attitude at that time, switching from
the bull to the bear side, and inaugu-
rating a period of liquidation that
broke prices 5O@75c. Provision stocks
show considerable gain over the same
period last year, but cellars were
filled later than this in 1906.
Sheep.
Sheep and lambs steady. Sheep and
yearlings closed 15@25c lower than
last week. Lambs We're off from 25@
SOC.
Receipts of sheep and lambs We're
surprisingly small this week, the five
days total at $1,000 being 14,400 I'M
der one week ago and $4,000 less than
one year ago. 1t was fortunate for
the owners that supplies were cut to
have been different story to tell re-
garding prices. The sweltering wealth
er has cut consumptive demand for
the heaviest cuts Of mutton stock,
which, along with liberal supplies at
the western points, caused buyers to
pound prices for such mostly 15@25
cents this week.
The big decrease in offerings here
was the result of commission men ad-
vising western range men to hold back
supplies. Had runs been as large as
one year ago., when there was such
large movement of stock from the Wes-
tern ranges, there is no telling how
much more values would have dropped.
Prices are still on comparatively at
tractive basis from the standpoint of
owners and recent selling Of sheep
showed generally Is cents gain on one
year ago and yearlings were 1925
cents higher, tho lambs displayed $50
% cents decline.
Traders do not look for prevailing
prices for fat stock to be maintained
under increased runs Buyers claim
that values for stock on hoof are too
high in view of the way dressed meats
are going, and any marked enlargement
in supplies will doubtless result in
packers leveling prices very sharply.
Chicago Livestock.
Chicago, July 81.
Cattle-Estimated receipts for today
500; steady; beeves, 4.40@730; cows
and heifers, 1.4O@5.4O; good to prime
steers. 5.7O@730; stockers and feeders
2.6O@4.9o.
Hogs-Estimated receipts for today
II .OOO 81 lower; light, 6.10@6.45; mixed
6 .OO0D6.4O; heavy, 555@63O: rough
5.55@5.9O; good to choice heavy, $40
@6.30: bulk Of sales, 6.10@630
Sheep-Estimated receipts for today
$500: steady: 3.50@5.75: yearlings