Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-08-12
Shippers Not Very Active, and
Packers Held Off For Lower
Prices
INACTIVITY IN HOG MARKET
Aside From Shippers, Who Bought
sparinsly and of Fancy Stuff, Buy
ers Were Indifferent, But Close Was
Steady, At DecIine-sheep Steady
and Lambs Higher.

Chicago. Aug. 12.-Cattle were
steady to 10c lower. Receipts were late
in reaching the yards. as the result of
last nights heavy storm, and but lit
tie business was transacted early.
Shippers were not very active, and
packers held off, expecting a lower
range of prices. A liberal proportion
of the receipts consisted of rangers.
Last weeks liberal supply of steers
was above actual requirements and To-
cal coolers hold a surplus stock of
beef, while failure Of the eastern de-
mand to expand is a handicap to the
trade when receipts are any above a
small volume at this time. Exporters,
too, are operating on a small scale and
the meager general inquiry for all but
choice yearlings and the choice to
prime strong-weight natives offers
poor inducement for liberal marketing
of natives lacking finish. Failure Of
the market to show irving tendency
on smaller receipts this week is the
best kind of an indication that killers
and shippers can do nicely with de-
creased amount of beef obtainable later
this week.
Ranchmen are letting their cattle
come about as fast as they can get
shipping facilities, and it is said that
receipts next week will be exception
ally large Buyers have complained OF
the poor outlet for beef so long that
it has become chronic. They are evil
IDENTIFY running close to shore and not
accommodating very much in their cool
ers. Conditions in the east have not
improved much, tho shipments lately
have been more satisfactory. Local
buyers are giving more attention to
the western rangers than to the ma
tives unless it is for something of SUI
perior merit. Common light weight
native cattle are hard to sell at very
low prices and are 25@50c lower than
year ago at this time.
Hogs.
The market opened inactive and so
1Oc lower. Shippers bought few
loads of fancy stuff, but other buyers
were indifferent. and made only few
purchases The close was steady, at a
decline.
Droopy cattle and sheep are adj
yanced by stock yard bears as con-
vincing argument why hogs are high
enough. Hogs are selling close to the
pinnacle of the season, while cattle
have declined $1@1.50 per cwt. and
both sheep and lambs are on a bar
gain counter. 1t is contended that 4
cent sheep do not justify 7-cent hogs.
and that when cattle worth $3.50 few
weeks ago have meanwhile declined
sl.5O per cwt. the Scent hog predic-
ton is delusion. The country is still
bullish regarding the future of the hog
market, however. Packers accumu-
lated more evidence that while 4
cent market will draw hogs, a break
Of aO@3O cents is always calculated
to contract the movement.
Sheep
Sheep were steady to strong. Lambs
were 1O@15c higher. General demand
was good.
Feeders are scarce and badly
wanted They have lost little recently;
in fact. orders can not be filled. and
the August movement of feeders to the
country will be much lighter than last
year, when it was &c market. with
$3.50 top, prices that now look unreal
sOnable.