Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-08-08
CA1NE ABOUT STEADY
Weeks Prices Close With
Everything Lower, Outside
OF Prime Steers
HOGS WEAK AND is LOWER
HOGS WEAK AND is
All Buyers Were BearishIy Inclined,
and There Was Practically No Life
To the Trade-Prices On Both Sheep
and Lambs Close so to rs Lower
Than First of the Week.

| Chicago, Aug. Seattle were nom
/ inally steady. Receipts We're too small
to make a market, and outside of
| prime steers, every thing closes at a
lower range of prices than last week.
Heavy receipts coupled with a lack of
demand. worked adversely against the
poor grades. Run rangers We're espe-
cially heavy.
| Offerings this week We're mainly of
the common and medium class. Good
| to choice kinds We're scarcer than ever,
| showing that the high class steers are
ers who are carefully considering the
value Of the corn that is making the
meat. So far as the very best steers
were concerned, there was not great
deal of change in the market this
week, tho depressed condition was
apparent all along the line, and the
whole market is gradually sinking to
lower level. Medium to pretty good
steers were numerous enough to give,
buyers the advantage and large per-
| centage of them sold 10@1oc lower
| than last week, when they were al
| ready low The market is down to
that level now where very good kill
/ ing cattle are being bought at $500
L & IL II hot a
dollar more not very long ago. The
percentage of high class cattle was
very small this week and fewer sold
above the 81 mark than usual. Very
good heavy steers were secured at S6.40
@6.75, and they are getting searcer,
showing the disposition of farmers
and feeders to send their cattle in be-
! fore they are mature. Low grade ana
medium lightweight cattle We're plenti-
full all week, they show further re-
duction of 15@25c from last week. They
came in direct competition with the
western rangers and had to sell at
ranger price or worse, for buyers. as
rule. preferred the western cattle 10
the natives, weight and quality con-
sidered It has been hard work to get
rid Of the grassy and short-fed steers,
and as lots of rangers are in sight. the
prospects for the near future are no
better.
Hogs,
Hogs were weak and Is cents lower
than yesterday. There was practically
no life to trade, all buyers being bear
ishly inclined.
Packers have been making strenu-
Gus efforts to hold Nthe market below
the 81 mark, and as soon as it gets
up that high they forthwith take
hard hit at it. The scarcity of good
strong weight hogs and the good
shipping demand has made competition
very strong, and in spite of packers,
resistance the market is bullish
The weeks receipts have been ex-
ceptionally large and show a gain OF
81. 900 compared with last week, and
1000 more than year ago. At all
the western, markets there was a good
run, and the total is over 100000
more than last week.
Sheep
Sheep We're dull and weak and prices
on both sheep and lambs We're 50@75
cents lower than Monday.
Compared with week ago. however,
the market shows a disastrous decline.
Everything went down the hill this
week, but the fall in lambs was the
hardest, because they made up the
greater part of the receipts. Thousands
of common and medium lambs were
dumped on the market, and the Quiet
was not nearly broad enough to take
them all. Buyers naturally bearlsh
took the most of their advantage and
fairly reveled in their destructive work
Receipts for the week have exceeded
80. 900 head-the largest in a very long
time. This heavy run coming at a.
time when the demand was sensitive
and weak, was too much for the mar
ket, and it was badly upset Medium
lambs declined fully a dollar, which is
the worst jolt the trade has received
this season. There were more lambs
of the medium class than any other
kind, and they are the hardest to sell.
Western shippers wisely held back and
not many lambs came from that dl-
rection Most of them were from the
farms in the corn belt and We're SO
lacking in flesh and finish that they
met with cold Indifference from buy
ers.
Sheep Of good quality did not de-
cline as much as lambs, because they
were not so numerous, tho they are
2504Oc lower than a week ago Buyers
say they cannot find a ready outlet
for mutton and were not prepared for
the heavy supply that arrived this
week.
Chicago Livestock.
Chicago, Aug. s.
Cattle-Estimated receipts for today
800; opened steady; beeves. 3.7O@765;
westerners. 3.60@5S0; stockers and
feeders, 2.40@440; COWS and heifers
150@5.50.
Hogs-Estinated receipts for TODAY
IL, 900; opened 5@10c lower; light, Cos