Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-08-15
Demand For Native Cattle Has
Not Been Active, Despite
Lighter Receipts
HOGS FIVE TO TEN HIGHER
Light Receipts Stimulate Demand But
Hold lover Receipts Prevent Market
From Showing Full strensth-ship
pers and scaIpers Keep Out of Mar
ket = Sheep Prices Are Steady,

Chicago, Aug. 15.-Cattle were NOM
inally steady. In spite OF lighter re-
ceipts this week, the demand for ma
tive cattle has not been active, and
the market is closing the week lower.
Range cattle made a little better show
ing, and are stronger.
The demand for choice to prime
steers has been particularly poor since
Monday and numerous of the buyers
were limited to 81 for prime kinds, re-
fusing to bid for those of value above
that price. The result has been very
small competition for the few lots
which were good enough to go above
81, and in consequence these have
gone at goodly decline from last
week. Reluctance of the public to pay
high prices for beef has forced re-
stricted buying of the top kinds and
killers say they are forced to use the
81 and higher steers for the same trade
as the $650@6.75 classes and naturally
are against the higher priced grades.
Rangers compete against the medium
to good beef natives and 1t is the same
old story in this line, to the effect that
natives are relatively too high in COM
parison with the rangers.
More good heavy fat cattle were
marketed this week than usual, which
shows that the country is not yet out
Of heavy steers in spite of the high
price Of corn. Demand on shipping
account this week was fairly strong
and eastern buyers took about as many
cattle as last week, Notwithstanding
the much reduced supply. Local buy
ers were hard to trade with, and the
market on the class OF cattle they
wanted was dull most of the week.
Good, nice yearling steers were IN de-
mand all week and the market was
fully steady for that class. Buyers
preferred the baby beef to the heavier
kinds, and on that account the big
steers from $3.50 up were generally
1Om15c lower than week ago.
Exporters have not been buying
freely this week and show no signs
of increasing their purchases, as con-
ditions on the other side of the ocean
are not satisfactory. The London
market is too low to admit of extern
sive operations, tho exporters are able
to buy their cattle much lower than
earlier in the season.
Prospects are that the supply OF
range cattle will be liberal next week,
tho dealers do not look for al big
run of natives. If the western mar
ket is flooded light natives are likely
to sell lower.
Demand for hogs was stimulated by
the fact that receipts We're light. There
were, however, more than 5000 left
from the previous session, and this
prevented the market from showing
the full strength that might otherwise
have been displayed. AS it was, prices
were generally 5@10c higher, shippers
and scalpers having little part in the
transactions.
Supply is still running heavier than
a year ago. In five days here 10000
more than last year. Five-day receipts
during the corresponding week OF 1917.
August receipts here to date are $4,000
more than last year. F'ive-,lay receipts
at the six western marketssare $780,
against 315 900 last week, and 251,OO0
year ago.
A year ago packers were buying
their mixed hogs at $5.90@6.15. For 200
ket, the top being $685..
Sheep
Sheep offerings were light and prices
were steady.
Compared with the close of last
week values show a gain of 15@25c.
The run was moderate after Monday
and packers had things less their own
way than the previous week. Receipts
thus far this week are a little above
10000, a decrease of more than 10000
compared with the same period last
week and 1880 compared with the
corresponding time last year. Quality
was good on most days and little was
carried over. as trade had good life to
it of late. Closing prices are the best
of the week and with moderate runs
next week buyers will not be able to
force them off.
Chicago Livestock.