Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-05-02
Steers Close Lower Than Week
Ago, But Choice Cattle Are
Unchanged
HOGS ACTIVE At A DECLINE
Principal Factors in the Market Were
Shippers and Spectators, Packers
Lending No Support, Today - De-
.cines of is to rs Suffered This Week
BY sheep-Lambs Also Decline.

SulCdSO. MoS S.-SehSeAS "SAS ---
inally steady, but there was practically
no trading. Steers closed 15@25 cents
lower than a week ago, but choice cat
tie show but little change.
Demand for heavy steers has been a
big disappointment this week and the
prices for these show largely 25@3Oc
lower than "a week ago, barring the
strictly choice to prime classes, most
offerings of which have gone at
range hardly more than 1O@1oc low
err while the tops at $7.25 We're equal
to last weeks high point. On all sides
inquiry has been partial to fat, handy
and light steers, particularly the year.
lings, and altho these went lower in
early days and again on Wednesday
the market has since tirmed up ana
last trading shows nearly steady
level for fair to good yearlings COM
pared with last week and the medium
to good handy weight fat steers are
hardly more than 10c off from last
week, with extreme declines of 15c.
A big increase in marketing has
brought about the decline Five days
receipts this week total 53,400. against
4O,2O2 a week ago and 5S,244 year
ago. Under this big supply lower
prices were inevitable, but the situa-
ton has not suffered very badly and
lighter run next week, say the trad
ers, should bring about reaction.
Bulk Of the increased supplies have
gone into local channels, outward
movement of cattle being less than
1000 larger than last week against
the increase of 1920 in receipts. Poor
beef markets in the east and the drag
ging demand abroad have compelled
the shippers and exporters to operate
rather cautiously and competition in
trade this week was thus less keen
than a week ago.
logs.
Trade was active, at decline of so
10 cents. Shippers and spectators
were the principal factors in the mar
ket. packers lending no support.
April hog receipts at Chicago Stock
Yards were unusually small, or 493,344.
showing S9,S65 decrease compared with
year ago. While arrivals We're small
err the number shipped from Chicago
was very large, or 1915. showing
1851 increase compared with April,
1907. The falling off. in receipts and
increase in shipments reduced the net
supply for local packers to 301, 500,
showing 132,446 decrease compared
with the net supply during April. 1907.
Receipts of hogs here the first four
months of 1908 totaled 3,195.S53, being
the largest arrivals for like period
since 1891. Shipments from Chicago
the first four months of this year to-
tailed GAL. 467. being about the largest
on record compared with a like period
in other years. Receipts the first four
months of 1907 were 2,649.172, and
shipments 67O962 The first four
months of 1908 arrivals were only q
555, 1915 and shipments 472,659.
Sheep.
Sheep were steady The bulk of re-
ceipts was lambs marketed for eastern
shipment. Sheep suffered declines of
15M25 cents this week, and lambs 15@
% on woods, and 25 on clipped.
The weeks receipts of sheep total
close to $4,000 head, which was unusu-
ally large, considering the recent de-
preston in the market. The total is
10000 larger than last week and 10000
lr.'--e-, t,"p year ago. The market
got very bad start early in the week
with an excessive supply and never
re, ovtled from the setback.
Buyers all week, till right at the
close, complained Of the dull demand
for mutton, and said they were loaded
up with stuff they could not SELL Early
in the week conditions were particu-
larly bad in the east, for Buffalo was
literally supplied and lower.
For the month of April the supply of
sheep was relatively small, but con-
aitions did not call for a large run.
There was decrease in the supply
Of $4,000 compared with April last
year, While shipments increased 10000.
This plainly shows that the demand
from packers was very much reduced.