Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-07-30
NOTHING OF PRIME QUALITY OF.
FERED, HOWEVER, AND BUTCH.
Err STOCK UNCHANGED.
ADVANCE IN HOGS
AVERAGES TEN TO FIFTEEN
Advance of AS Much as Twenty Scored,
In Spots, AS Offerings Sold Strong,
With Supplies Well Bought Up-Re-
covery From Slump Rapid-steady
Tone In Lambs.

.
with fair demand for the better class
of steers, tho nothing of prime quality
was offered. Butcher stock showed
generally unchanged values, but de-
mand was better for mediums than for
the better grades of COWS.
Discrimination against grassy stuff
this week has been expected by the
trade. The grassers have long been
selling relatively too high as compared
with values for the steers into which
the feeders have put big corn invest
ments. The approach Of liberal western
range cattle shipments puts killers in
bearish mood, and this week, while
tat1ey We're forced to pay higher prices
for the good to choice strong weight
fat steers, the others have mot shown
advances in spite of the smaller re-
ceipts. Heavy good to choice steers are
up 15@20 cents in value compared with
the close week ago.
The conditions in this line of trade
this week have been the reverse of a
week ago. Then the big weights were
in poor favor, while this week buyers
have ridden hard to get that kind and
bid higher, and on sellers demanding
higher prices have been able ITO force
the concessions from killers.
Only on one day was there general
price deteriora ton all along the line,
this being Monday. The disposition of
buyers was plainly shown Wednesday
when they wanted good to choice kinds
eagerly enough to pay steady to firm
prices for them, but it is evident that
the beef situation is about as claimed
by killers in regard to disposal of the
cheaper beef cuts. The weather is a de-
terrent factor in beef trade, and there
is, too, a retardent feature in the rela-
lively high prices which killers are
compelled to get for their product.
Hogs.
Hogs sold strong, with supplies well
bought up. Prices averaged 1om15
higher on the bulk, with spots where
a 20 cent advance was scored. Demand
from packers was good and shippers
had enough orders to take the better
grades. Recovery from the recent
slump has been almost as rapid as
was the decline, and hogs again touched
the eight dollar mark today.
Local receipts show a gain Of $4,000
in four days over the same period last
week and are $4,000 more than a year
ago. In the face of this shippers have
taken but few more and packers have
had long desired opportunity to
pound prices. The big run is variously
attributed, the general impression be-
ing that a lot of good hogs nursed for
a cent market have been cut loose
while packing mixed is being dumped
into the market hopper to avoid corn
consumption. The increased supply has
carried a large number of good butch
ers and high priced hogs have borne
their full share of the slump.
Change in the feed situation, arti-
fetal support that would not let prod
uct seek its natural level with present
and prospective grain prices, and
farmers holding hogs that are seek
ing a market two months behind
schedule. are responsible for the weak
tone to provisions. According to pub
lished reports, there are about 10000
900 pounds of regular product in the
west and, counting Iowa points, near
ly 300,000,000 more of other kinds of
product. 1t is too much at the price
and under new conditions that are
gradually encroaching on holders
Prospective cheaper beef and mutton
also are to be factors on future prices
Sheep.
Lambs We're steady with few spot
where the better grades of lambs wer
little stronger. The quality of ma
tive lambs was generally poor It wa.
slow market for under grades
General quality is little Different
than on previous days, as the week
tcloses, but demand has been we'll taker
/ care of earlier in the week, and pres.
emit outlet is narrow. Total receipts the
first four days this week $1,000, a de-
crease of 1900 compared with same
period last week. and an increase Of
900 compared with corresponding time
last year.
Lamb quality has been exceptionally
poor some days and that made sales
appear much worse than was actually
the case. Feeding. call was good al
week and prices We're practically as
good as any time of the season.