Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-06-27
Close at Highest Of Year I'm
degrade Sorts at Extreme
Low Point
ACTIVE DEMAND FOR HOGS
The Best Grades Advanced Ten, While
Others Were Five Higher Pack
ers Fair Buyers, and Shipping Orders
Liberal - Little Doing in Sheep
Market, and Demand Was Tame.

Chicago, June 27.-Cattle were nom
inally steady, and prices for corn fec
steers closed at the highest of the year
while undergrade sorts Of grassers
have dropped to the extreme low
point.
Grassy steers and the plain quality
strong weight warmed-up classes have
been a drug all week. These opened
the week on q poor basis. There Was
weak demand in all quarters, and
despite the cut in receipts inquiry OF
late has failed to improve, and has
been worse if anything, in late days
than early. Many loads of the $500
6.25 kinds were peddled long and hard
in the Wednesday trade, and finally
sold at weaker prices, while the same
was true of the Thursday market, but
yesterday and today there were hardly
any of these grades offered.
Competition from Texas cattle has
been the chief factor in depressing the
market for the grassy and plain quail
ity Warmed-up steers. They are still
relatively higher sale than the Texas
steers and the latter are preferred by
the packers, much to the detriment OF
trade tone for the former.
Bad Judgment by country shippers in
operating in these grades of natives
has cost many of them serious losses.
Evidently many shippers do not realize
the big difference in ruling prices for
the best grades of finished corn-fed
lots and the cheaper short-fed and
grassy grades. Careful consideration
of the fact that there is a spread Of
$3.50 and more between the poorest
and best grades of steers may save the
country operators from some heavy
losses.
Demand was active. The best
grades advanced 10, and others 3!
Shipping orders were liberal. and
packers were fair buyers.
Grassy and common offerings have
sold slowly since early, Wednesday
morning, when packers commenced to
discriminate so hard against every
thing lacking style and quality, espec-
tally the grassy offerings. The range
Of prices Is much wider than the first
of the week and traders are generally
of the opinion that the spread in
prices will get considerably wider,
especially II the eastern shipping de-
mand keeps up to anything like this
weeks volume. Shippers want the
better grades, neglecting the common
er kinds, which leaves statesmen at
the mercy of packers. consequently 1T
is UP to the country shipper to get
good wide margins.
Combined receipts of hogs at eleven
markets for the year have turned the
II, 100000 mark, the total standing
Ella 900 larger than the same period
a year ago and 2,797,000 larger than
the same period two years ago. The
first five days of this week, however,
eleven markets received only 442 900, OF
n 900 less than arrived the same per-
iod a week ago, and 81 900 less than a
year ago.
Sheep.
There was little doing, and demand
was tame. But few fresh animals were
on sale.
Eastern orders have been curtailed
and the dead market appears to have
this. Retail rapacity is still doing bus
mess at the same old stand, and the
consumer in search of package OF
chops or a quarter of lamb finds prices
as prohibitive as ever. Values may go
very low in the sheep house, but the
news never reaches the ear of the
consumer. nor does he feel the effects
of the slumps that cost feeders so
heavily.
Another reason for current demon
alizat ton is the arrival of a lot of direct
stuff. OF this packers received over
5000 head Thursday and more has
rolled in since. ST. Louis is receiv-
ing more southern lambs than 1t
knows what to do with and is push
ing them along to Chicago, while Kan
sas City is sending Arizona sheep this
way.
q.