Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-07-23
STEERS CLOSING WEEK STRONG
ON YEARLlNes, BUT BUTCHER
STUFF pEMoRALlzED.
HOGS AVERAGE SOME BETTER
THAN PREVIOUS SESSION
Packers Buy Mixed and Packing
Grades at Five Lower Prices, But
Shippers and scalpers Buy Butcher
and Heavy Hogs and Strong Weight
Lights, at Higher Levels.

OAAiSASOJ u StlS COL he CdltlS
was very slow. and offerings We're of
the usual Friday quality Prices were
nominally steady Steers are closing
the week strong, on yearings, and
steady to strong on good heavy
weights, but little lower on heavy
sorts, while butcher stuff is demor-
allied. being % to so cents lower than
last weeks close.
Besides the big decline in prices. the
outlet is extremely uncertain, supplies
are not being absorbed, and the gen.
eral situation warrants anticipations
of still further depreciations within the
next few days The general range of
prices is much lower than it was two
weeks ago. and altho the strictly
prime yearlings, selling up to the top
of the market. are at as high a level as
ever, they are the only exceptions and
even the good quality yearlings, now
bringing around $3.50. are fully %
cents lower than they were at high
time.
Yesterday was the first day this week
that the arrivals a all six points COM
btned made a smaller aggregate than
on the corresponding day week ago
and the total receipts for four days. at
$4,000 head. compared to arrivals IF
10000 head for the same time a week
ago and $4,000 two years ago
Hogs.
Packers finished up the market by
buying mixed and packing grades at
prices 5 cents lower than yesterday
Shippers and scalpers made an early
market on butcher and heavy hogs
and strong weight lights by paying
steady TO cents higher LSels for
them. so hogs for the day sSeRased a
little better than the prevAoos aSsion
Packers have evidently determined
on heroic measures for depressing the
bull element in the market and are
prepared to suspend killing operations
to carry their point. That the coua-
t~y has any big supply to dump into
the market is. however. improba Die.
In four days this week the five prin-
cinal western markets report but no.
600, against 214.000 year ago. AMI
July receipts will be deficient at all
primary receiving points.
In the provision trade there is in
difference for the present. as many of
the brokers are giving more attention
to the active grain market than they
are to making prices for products
Brokers for packers are taking the
!, offerings. Shippers are buying hogs
rather freely and the cash trade fol
meats and lard is reported improving
Sheep.
Sheep and lambs were fully steady
and few of the former were higher
than they We're Thursday. Sheep closed
weak and slightly higher, While lambs
are from % to IS cents lower, the
greatest decline being in rangers.
Sheep and lamb values are gradu.
ally getting closer together. Every
session narrows the spread that was
so unrea sonably wide recently. Choice
lambs are but slightly lower than {
week ago when the best sold at 1886
but the s5.00M7o0 kinds. and a lot O
that stuff is found in the native div.
sion. show stiff depreciation, many o
them being $3.50 per cwt lower tina.
the recent high spot Sheep on tn
other hand, owing to marked scarcit,
are working steadily higher, a lit.,
being put on every day.
The sheep end of the trade is 9
miniature proportions. The west j
making good it's threat to hold bacl
sheep and yearlings. and a suspicion
} exists that the supply of yearlings il
that quarter is about exhausted.