Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-09-12
CATTLE ABOUT STEADY
Only Choice Steers and Rangers
Retain EARLY Advance, In
Face OF Reaction
GENERAL DEMAND FOR HOGS
GENERAL DEMAND FOR HOGS
Active Market Later Closed Slow and
Steady - Prices Advance Five Cents
Sheep Steady, But Closing Lamb
Prices Much Lower Than Last Week.

Chicago. Sept. 12.--Cattle were NOM
inally steady. A shrinkage of receipts
this week has not proved much of a
boon to sellers, except in preventing
prices from declining. AT the opening
there was a fair market and on We'd
nesday prices We're higher, but sub
sequent reactions have taken away
practically all the early advance. ex-
cept in the case of a few choice steers,
which are probably 1O@15c higher for
the week Range steers, however, have
more nearly maintained their early adj
vance.
Indifference Of the buying interests
has been a puzzle to the trade in view
of the light receipts as compared with
last week. A week ago. when the run
was heavy and prices lower, the killers
seemed to have use for a big supply,
but the situation has been just the re-
verse this week Much smaller runs
have apparently been more than
enough to fill the. urgent requirements
Of both packers and shippers, while the
demand on export account has been SO
small as to be immaterial as price
factor.
Competition from rangers has proven
dulling influence on the trade for me-
dunn and plain grades of natives.
Range runs have been fairly liberal,
tho smaller than a week ago, while the
western markets have been heavily
supplied with plain and medium rang
ers. results being surplus OF the
cheaper grades of beef for killers dis
position, and they have thus been af-
forded opportunity to hold prices for
lower grades from any sharp gains
early In the week, and later were able
to effect lower basis.
A big run of rangers is looked for
next week and the trade was advising
cautious marketing of natives. Beet
demands are not capable of providing
outlet for any very excessive supplies
without effecting a rather serious break
in prices all along the line.
Hogs.
Light receipts caused an active gen.
eral demand, and prices advanced SC.
The pens were cleared early, and the
market closed slow and steady.
A month of light runs ought to be
convincing evidence that the country
is not in possession of the hogs. 1t
has been a &c market continuously
recently, and that fact would have
pulled the stuff had it been on tap.
Shipping demand is less than 40 per
cent of what it was a year ago; 9TH
erwise TIC market would have been
logical by this time. Shippers have
taken only 1000 this week, against
5000 a year ago. The six western
markets had only $4,000 against 49,
900 year ago. The fve-day run at
these points is 100000, against 231,-
900 last week and 261,000 a year ago.
Sheep
Sheep were steady to 425, lambs
SIS; feeding lambs close much lower
than last week.
z 1t is probable that this weeks
slump will check the range move
ment. Selling eve lambs at present
prices look like unnecessary sacri-
flee. as they can be carried over,
where the owner has range and feed
at profit.
1t has been slow market all
week simply because sellers have
strenuously resisted the decline. With
buyers, however, it was a case of ac-
cept our bids or keep the stuff. This
required several hours of parleying
and made the movement toward the
scales light.