Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-10-24
Prices Close Weak, Except for
Choice Native Steers and
Prime Rangers
HOGS SLOW TO TEN LOWER
Shippers Almost Entirely Out of the
Market, While Packers Also Refused
to Take Hold Readily, at Decline =
Sheep Prices Were Lower All Along
the Line.

Chicago, Oct. 24.-Cattle were nom
mall steady. The market closes weak,
or all save very choice sorts of ma
tive steers. and a few prime rangers.
The bulk of cattle stand 15@25 below
last Saturdays prices.
Common, light, immature cattle are
coming to market too freely to suit
the demand. This week the market
was fairly iooded with that kind of
cattle, and they We're extremely hard
ca sell. Shippers connot use them and
receipts are too large to suit the local
killers. The result was a slow, dull,
stagnalK trade all week, with prices
mostly S@25c lower for cattle selling
below Sc. Trading was Uneven and
many of the medium steers at S 5W6
did not show much difference. Below
the S. line it vas a bad market most
Of the time, for steers of that class
came in direct competition with the
western rangers, which We're numer-
Gus and sold decidedly lower.
There seems to be no disposition on
the part of the country to hold these
cattle back, because most farmers are
short of water and they lack conf
dence enough in the uture to put
high-priced corn into such steers. The
| general desire is to liquidate regardless
of consequences. On account of this
flood of stuff, the ommon cattle sold
this week at the lowest point OF the
year. a good many changed hands at
$1,000, which was csc lower than last
week. On the other hand, the con-
tinued scarcity of the choice steers
held them up to steady prices, and, in
fact. many of the best grades sold
strong most of the week and are fully
as high as a week ago. Yearlings OF
good quality were again popular and
sold freelyl, but common yearlings
were relatively hard to sell.
Receipts for the week total 10000.
against $4,000 last week and $1,000 a
year ago. The supply last year at this
time was due to the very heavy run 81
$4,000 western rangers. This week the
total range supply was $4,000, which
leaves. more natives on the market
than were included in the enormous
run of a year ago
Hogs.
Hogs were slow to 10c lower than
yesterday. Shippers We're almost en-
tirely out of the market and packers
didn't take hold very readily at the
decline.
Supply is liberal, and shipping de-
mand lacking. The weeks run will
exceed 100000. and will be about 3d.
900 more than a year ago. october re-
ceipts to date are $1,000 more thar
last ycar, while shipping demand has
fallen off $4,000. The future of the
market depends wholly on shipping de-
mand, which, under present conditions.
is limited to hogs with weight, which
are not available at eastern markets.
Stocks of hog products i'll store at
Chicago have shown a heavy shrinkage
since the first of the month, especially
for short ribs, which yesterday were
on Oct. 1. Supplies of ii yesterday
were estimated by Schwabacker at 81
600, 900 lbs, compared to 19,32S,3O1 lbs
Oct. 1, and provision men yesterday
were of the opinion that by the end Of
the month there would be extremely
light stocks of ribs. Other product has
also shown a sharp decrease.
Sheep
Sheep were steady. Prices are lower
all along the line, than they were a
week ago, even tho receipts AVE been
lighter.
Compared with a week ago sheep
yearlings are generally 25c lower.
The quality of natives was rather
poor on most days, while the few
rangers offered were fairly good. Feed
ers took out some offerings that looked
steady. Receipts We're estimated at
1000, against 1861 d week g and
6.O24 a year ago. Total the first five
days this week $4,000, a decrease of
800 compared with same period last