Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-06-29
.CAI1[E STEADY TODAY
A Few Better Grades of Cows
and Heiters Bring Stronger
Prices
HOGS TEN TO FIFTEEN HIGHER
Strong Inquiry From Shippers, Supple
nenting Active Demand From Scalp
ers, Boosts Prices Rapidly, and New
Top of se.55 Is created-sheep Mar
ket Almost Lifeless, But Steady.

Chicago. June 29-Cattle were
steady. and grassy stuff and Texas cat
tie were more freely offered than the
better grades. Shippers showed less
interest than they have for some time.
Butcher cattle were about steady, tho
a few better grades of cows and nell
ers brought stronger prices.
Shippers set the pace in buying the
hest classes last week. Their orders
were urgent each day and particularly
on Wednesday, when light run forced
a sharp advance in prices. Exporters
operated lightly turnout, tho foreign
prices were highest of the season, pest
beeves at London landing at loA cents
per lb. highest since 1902 Evidence or
the comparative strength of shipping
demand was apparent in the rather
liberal buying of 2O,S41. a decrease OF
only 1900 from the previous week,
while local killers purchases were 2l,-
800 smaller.
Quality has been fair for this time OF
the year. but as the season advances
there is a greater proportion of grassy
natives, and with heavier supplies OF
these the price range is widening.
The trade will require very moderate
receipts of grassers this week to pre-
vent a decline in prices. Texas cattle
will likely come in liberal supply, and
as long as killers are partial to these
grassy natives must sell poorly.
Hogs.
Hogs were 10@15c higher. With
run of 10000 and active demand from
scalpers, supplemented by strong in
curry from shippers, prices We're
boosted rapidly. A new top Of $3.50
was created early.
After refusing to fill its shelves with
hog product at time when the stun
could have been picked off bargain
counter, the south is developing an ap-
petite. Shipments to that quarter have
been heavy, especially Of picked meats.
Three months ago southern vendors
refused to buy at any price, letting
their stocks down to a very low ebb.
They now realize the necessity of get
last winter.
While hogs have steadily advanced
to higher level than year ago,
product with the exception of lard Is
lower than at that time. This is con-
dition that must remedy itself II the
run of hogs proves to be light during
the summer months. Stocks of ribs and
cut meats are being reduced, owing to
a heavy shipping moveme. Packers
have recently been buying ribs, re-
garding the stuff as worth the money
and even when spectators who bought
some time ago conclude to take profits
no harm is done to the list. Lard
stocks have increased at Chicago, but
this is merely an increase on paper
and is due to the arrival of lard In
tanks from other packing points for
tiercing purposes. Demand for prod
uct is as broad as 1t was negligent
few weeks ago. 1t is due to increased
consumptive demand and the manner
in which beef scared skyward recently.
What effect cheaper beef will have re-
mains to be seen. At present cash de-
mand is the broadcast of the year.
Sheep.
Sheep were steady, but the market
was almost lifeless. Receipts were
far too heavy for the needs Of the
trade.
The consumer in search of a pack
age of chops or quarter of lamb finds
prices as prohibitive az ever. Sheep
values may go to the low point,
but the news never reaches the
ear of the consumer, nor does
he feel the effects of the slumps
that cost feeders so heavily. AS was
the case a year ago, southern stuff
has been coming direct to packers in
increasing numbers and with good
lambs selling at $6.75 in Louisville.
natives had hard row to hoe here
last week. AT the finish the market
was soc to 81 lower than the previous
week. Veteran traders assert that
while they have seen stuff selling at
lower prices never before have they
encountered such lack of action. About
the only redeeming feature has been
a broad feeder demand. last years
range lambs, now yearhngs, being
worth 4A@4Ac to go to the country.
Luxuriant pasture and scarcity of
feeding cattle have caused this.