Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-06-02
THE BULK OF SALES WERE MADE
ATTEN TO FIFTEEN CENT
DECLINES.
BUYERS BRING ABOUT
ADVANCE IN HOGS
There Were Moderate Receipts and
Excellent Support From All Glasses
of Buyers, With Especially Good
Outside. Demand - Lambs Decline
Ten, and Sheep Twenty-Five Cents.
Chicago. June /:

Cattle-Trade was extremely slug
gish. and dragged to a late close, the
bulk of sales being 10 and Is lower.
Even at the decline it was hard to get
buyers to take cattle. Animals of
quality went to lower levels with those
of poorer sorts. Receipts were too
liberal for the needs of the trade.
Demand for beef Is not showing any
marked falling off as compared with a
short time ago, but there is less keen
ness in the call for cattle and the
trade is thus minus the bullish enthu-
siasm of last week Were the ship
ping and export outlet broader. a bet
ter price basis would prevail, but with
a very small export demand and a
slowing down Of the shipping orders
/ the trade isn't taking on much of
bullish turn just Tow and f1rmer prices
would seem probable only in event OF
"a check in marketing, particularly of
the medium and short-fed classes.
Buyers are trying their best to prune
prices for butcher cattle down and
have succeeded during the past week
in making a cut of 25d40 cents on the
medium to good cows and heifers.
Nearly all the she stock shows the eff
feet of pasture finish and it is regu-
lar for buyers to discount cows of that
class. 1t is an annual event for early
June prices to decline about a dollar
from the May standard and this sea-
son buyers are all the more anxious to
make a cut because the cows have been
unusually high, compared with the cost
in the beef. Receipts have been very
small. which is the only thing that has
prevented a further sharp decline
Hogs.
Moderate receipts and excellent de-
mand from all classes of buyers
brought about an advance of 1905.
Outside demand was especially good.
and shippers and packers We'd with
each other for hogs. and in conse-
quence, there were but few animals left
unsold at the close.
The break in hog prices last week
evidently checked country shipping and
demonstrates that the man who owns
hogs is not disposed to pile his prop
erty on a bargain counter. Holiday
markets are usually tame and the
manner in which packers bought stuff
suggests that they have plenty of
places TO put hog product when it is
ready to go to the consumer.
Top price for hogs during the month
of May was s7.55, figure that was
paid several times Packers hammered
hard. but We're not able to make much
| Roadway in the face of strong COM
petition from eastern shippers. A large
share of the May receipts of hogs sold
at s7.25@7.40.
Sheep.
| Sheep were weak and slow all day
Lambs show decline of 10. while there
We're sales of sheep at % below yes
terday's levels. Good spring lambs
were in demand, but they too, suffered
with other sorts.
! An unprecedented condition exists at
present in the sheep market. Shorn
lambs of last years crop are selling
! close to 9 cents and wool lambs close
! to SO, while springers are much low
er. Usually springers command the
premium. The fact exists and can be
accounted for only by prevalent scar
city of fed lambs which are needed for
chop purposes, springers selling largely
! by the quarter.