Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-06-14
MOST CATTLE WEAK
PRIME WEiGHTY STEERS STEADY,
AND BUTCHER STUFF
STRONGER.
HOG PRICES SENT TO
NEW RECORD FOR YEAR
Prime Heavy Show Advance Of Fifteen
to Twenty Over Last Weeks Close,
While Other Grades Ten to Fifteen
Hisher-sheep Steady to Strong =
Lambs Decline.

Chicago, June 14.-Prime weighty
steers were steady, but other grades
were weak to a shade lower, and re-
ceipts were slightly heavier than had
light supply, and was more active
than steers, being stronger for better
grades, and steady on the bulk of other
sorts. Packers were poor buyers, ship
pers being the most in evidence.
The run of Texas cattle, mostly di-
rect for slaughter, has had its effect on
the natives in past few days. Packers
in getting liberal supplies of Texans,
were enabled to bear the trade for
medium and plain short-fed and grassy
native steers. This is an annual oc-
currence, and the discrimination was
not unexpected. Further declines for
the common and medium natives will
not prove a surprise in the next few
weeks, since there is a liberal run of
Texans sighted, and the receipts of
finished natives of common and
medium quality are expected to be lib
eral. With corn at a high figure many
feeders have quit using much of it, and
turned cattle into pasture. Their
"greenness" is apparent to the buyer
on first sight. and the discrimination
against them is naturally severe.
The runs of finished steers are de-
creasing, however, and the trade still
fondly hopes for naturalization of
some bullish predictions made with re-
spect to high prices for June market
ings of choice to prime steers. ALI i'm
provement of beef demand over present
conditions would surely bring about
the coveted high spots in the trade for
the well-finished classes.
Quality in past week was again good,
a liberal quota of choice Nebraska and
western Iowa beeves showing up, while
freely. Tops sold at 1925 and prime
yearlings made $40, while there were
numerous lots at s7Oo@7.20. Tops
stood equal to high point week ago
and against s7s5 year ago, which
was highest to that period in 1908.
Hogs.
Light supplies, coupled with an ac-
tive, higher provision market, sent
prices to new record for the year
Buyers for both packers and shippers
competed with each other In efforts to
land better grades of heavy and
butcher hogs. Prime heavy show an
/ advance of 1O@2O over last weeks
close, while other grades are 10 to Is
cents higher.
A provision specialist, who Is close
i to what the big packers are doing, says
they have been shading prices on cash
product to increase their trade and
have made good sales of late. There
is small profit in cutting hogs, and
with an increased run 1t looks as If the
bull edge is off the market for the time
being.
Chicago's hog total last week of 49,
400 stands nearly $4,000 larger than
previous week, about 1000 smaller
than a year ago and $500 smaller than
two years ago, being few hundred
above the ten-year average of the
corresponding week since 1898.
Estimated average weight of hogs at
Chicago last week 215 lbs. against 217
IBIS previous week, 219 lbs a year ago,
235 lbs two years ago and 226 lbs for
the ten-year average of the corre-
spending week since 1898.
The average price of hogs at Chicago
for the week was highest since the
week of Sept. 81, 1902, when the aver
age was s7.57. The weeks average was
SI.o1, standing 9 cents above previous
week, s1.97 higher than corresponding
week year ago and 43 cents above high
week in 1908, which was in September
at s7.0S. High week in 1907 was in
February at $40, and in 1906 1919 in
July. In 1905 5000 was high week,
while in 1904 1894 was high week.
/ Sheep.
Sheep were steady to strong, and Of
ferings were light. Lambs, especially
springs, declined about 25, and were
hard to sell, owing to poor outside
and shipping demand.
Sheep trade is in good shape for
some fat yearlings and lambs and
traders believe prices will be high on
this grade turnout the season. Trad
ers believe If yearlings and spring
lambs are fat they are going to COM
mand a good, big premium this year
over sheep. and that there will be
a wider range between sheep and
yearlings and lambs than ever before.
This condition prevails at present, the
sheep market being draggy and mean.
1t was almost impossible to get over
Is cents for ewes in late days, while
yearlings are free sale at very high
prices.
There seems to be a good demand
for feeding sheep and yearlings for
grazing purposes. there being very
few sheep or lambs on grass east
Of Chicago and several large ranches
in the northern parts of Michigan
are to be stocked with sheep for
which they are compelled to come
to this market.
A year ago the market was on an
UP grade after a lengthy period of
Generalization. The advance Of the
corresponding week of 1908 was rs
cents to 81. Shorn lambs. were worth
s5.S5@6.40, and Colorado wool lambs
s6.50@7. Spring lambs were worth
$6.75@7.25. Fat sheep were getting
scarce and were on $5.50@5.75 basis.
Chicago Livestock.
Chicago, June Observation-Disclosures
ed receipts for today, 10000; opened
steady to 10 cents higher.
Beeves 80. ............... 5.so@7.3t
Texas steers .............s 4.65@S.2s
Western steers ............ 4.75@6.3 &c
Stockers and feeders ...... 3.eO@5.5
Cows and heifers .......... 2.50@6.3t
Calves ............... 6.00@8.Ot
Hogs-Estimated receipts for today
$4,000; opened 10@16 cents higher.
Lights ..............s 7.00@76s
Mixed .... ...-............ 7.20@7.st
Heavy ............... 7.35@8.0t
Rough 80. .........-...... 7.S6075t
IN N1a< II II 20 : "A