Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-07-17
Cattle HOLD Steady
BUTCHER CATTLE HARD HIT,
BUT STEERS ARE CLOSING
THE WEEK STRONG.
PACKERS BEARlsH AND
HOGS WEAK ALL DAY
Many Loads Held Over, Because SELL
ers Refused to Let Go at Prices
They Considered acrficial-Prices
About Twenty five Lower Than Yes
terday's Best-sheep Steady.

Chicago, July 17.-Cattle were NOM
inally steady. Receipts We're only
few hundred, mostly to packers direct.
There was no actual trading Steers
close the week strong on all better
grades, even heavy animals, if of good
quality. showing to advantage. Butcher
cattle have been hit hard, especially
mediums and common grassers, and are
% to 80 cents lower.
Receipts of cattle this week total
$4,000, against $4,000 last week and
$4,000 a year ago. The increase in the
supply this week failed to weaken the
market, for demand was better from
the east, and even the local buyers
took hold rather freely. The tone of
the trade after the first of the week
was improved and all of Mondays loss
was regained on the heavy steers,
While the good light weights are about
/ 10M15 cents higher than week ago.
Der,an nd has centered strongly on the
yearlings of good quality, and they sold
this week at the highest point of the
t Year. Buyers say they can get rid of
the baby beef stock at a much better
advantage than the big heavy kinds
so a strong preference is shown for the
yearlings. Heavy cattle We're not so
abundant this week. especially after
Monday, and it was largely on that ac-
count that they sold better. Many
traders are of the opinion that the
heavy steers are not as numerous as
they were and that later receipts will
| develop a real shortage. Supplies from
/ Nebraska and Kansas are we'll ex-
hausted and from all accounts there
are not many big cattle in Iowa and
Illinois. If the cattle come lighter in
weight it will be more to the liking of
buyers, and probably result in better
prices. The first rangers of the season
arrived this week, but they We're below
expectations in quality and can not be
figured as a criterion. of what good
rangers would bring Those best post
ed on the range situations do not look
for manw grass western cattle for all
most a month yet.
Hogs.
Hogs We're weak all day. and close
with prices about % cents lower than
Yesterdays best. Packers were very
hearish, and it was only when values
had sunk to the lowest levels. that they
began to buy, and took care of the bulk
of offerings. A number Of loads We're
held over, sellers refusing to let go at
prices which they considered sacrifical.
Supply is running very light this
week at all western primary receiving
points, and as shipping demand has
been we'll maintained, packers have
been able to get but few hogs, COM
pared with their purchases a year ago.
Either the country is short or is hold
ing hogs back for still higher prices,
which is improbable. Quality was
nothing to brag about, which is aroth-
err sign of scarcity.
4 Features of the provision trade are
the scarcity of finished hogs, broad
consumptive domestic demand for
meats and both foreign and home
hand-to-mouth demand for lard. The
single bear argument at present is that
hog values have advanced to such a
lofty level that the consumer is I'M
able to "go the route" While this is
true to certain extent and high prices
have undoubtedly decreased consump-
ton the fact remains that a vast guam
tity of hog product is being used every
day and that current supply is not
equal to demand. Spectators are nat
urally conservative at midsummer,
which is always a period of dullne.s
but anybody with a long provision line
to dispose of seldom encounters trou-
Bile in finding buyer. Many in the
trade believe that all three provision
options will attain higher prices, but
there is less disposition to boost quo
tations than recently
Sheep.
Sheep were steady to strong, and the
close was weak to little higher.
Lambs showed more strength today
than yesterday, but the finish of the
week finds them so to rs cents below
last Saturdays figures.
While crash in lamb values has
been recorded, sheep have had an up
turn. Last week the sheep end of the
, trade was glutted; this week it has
. been case of too many lambs Sheen
have gained 50@75 cents, thus percept-
IDLY narrowing the recent unreasonable
wide spread between sheep and lambs
, and expecta ton is that this spread will
, show farther contraction In the near
future. 1t has been s5.O06530 nlarke:
FIR western sheep and s4.50@5.O0 eve
trade, with yearlings at s5.0O@6.O0.
!. Little stuff has gone to the country
: tins week. owing to scarcity of bot
breeders and feeders. This is indicated
! by contracted shipping operations Or
Gers for both feeders and breeders are
generously on the market, but very
little stuff fit for the country outlet has
been availab BILE.
A year ago prices were much lower
than at present, $500 taking the bes
lambs with ewes at 500 and ;yeeaa,rli n ys
$3.50. Wethers were then quotable tc
s475. Feeding lambs were selling al
5@5k cents, yearlings, $4O0@4.50 and
: sheep s3.50@4.OU. Southern lambs were
running freely and exerting a depress-
ing influence on prices.
Chicago Livestock.
Chicago, July Observation-Disclosures d
receipts for today, 500: opened steady