Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-05-23
WEEK SHOWS DECLINES
Lack of Consumptive Demand in
Cattle Market Forces Bear
ish Attitude
PRICES TEN LOWER
Slack Demand From Shippers and
Scalpers, and Bearishness of Pack
ers Were Weakening Influences =
Receipts Also Liberal - Sheep
Market Prices Lower for Week.

Chicago, May 23-Cattle were nom
inally steady over $4,000 have been
received during the week, and 1T has
been very hard for sellers to dispose
of stuff, lack of consumptive demand
forcing buyers to assume bearish at
titude Declines for the week range
1905, the latter for inferior sorts
of steers and butcher cattle.
Shipping demand has been fairly lib
eral, outsiders taking only 1900 less
cattle than a week ago despite the big
falling off in receipts, but orders were
mainly for the best grades. Packers,
being forced to take heavy proper
ton Of medium and lower grades,
seized their opportunity to put down
the prices, and unless the runs are cut
to very meager volume in the next
week packers sway of the situation is
likely to be felt even more seriously
than at present.
Big local houses have their coolers
well stocked with beef now and are
meeting a duh demand from consump-
tive quarters They have stored up
big quantity of Texas beef and will
need small supplies of plain and me-
dunn natives. When offered liberal
number of these lower prices would
seem inevitable. at least until beef de-
mand grows larger.
Should weather conditions continue
as Favorable for corn planting as in the
l,,, eli a ra looked for
next week, and perhaps the trade may
have the advantage of little better
demand on this account, but there is
not any particular bullish sentiment
respecting any line of the bovine trade
at present.
Hogs.
Hogs were Zoe lower because of lib
eral receipts. slack demand from ship
pers and scalpers, and bearishness of
packers.
Judging from Chicago receipts and
runs at Missouri river markets the last
day or two it would seem as tho
farmers tributary to the Chicago mar
ket are unusually busy planting corn
and too busy to bother getting hogs
to market while on the other hand the
country further west has more corn in
and time to market hogs.
Actual receipts here Thursday were
1860, making 1901 the first four days
of the week. being the smallest arrivals
in about six months for a like period IN
any previous week. This weeks total
will probably sum up about $4,000
against 157SO2 the previous week and
164,2S7 a year ago.
Sheep.
There was practically no market to-
day Prices close 75c lower than a
week ago.
The weeks run will be around $4,000
or less than last week. and had it beer
better distributed the smashing of val
tues buyers have accomplished would
not have been possible and shippers
would not have been compelled to
swallow such nauseous dose of medi-
cine. AS 1t Is, they have taken the
worst punishment of the season, if not
in trade history. The bargain counter
has been heaped high all week, and
panic prices have prevailed. Something
of the same kind will doubtless happen
next week unless some caution is ex
ercised The same run as this week
evenly distributed will probably dem
onstrate that bottom has been
reached