Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-07-16
HOGS BREAK RECORD
PRIME OFFERINGS GO AT ss.45,
WHICH is HIGHEST MARK
OF YEAR.
GENERAL MARKET WAS
TEN TO FIFTEEN HIGHER
Full Advance Not Shown In Better
Grades of Mixed and Packing Hogs,
Chief Strength Being in Shipping
Grades Cattle Little More Than
steady-sheep Market Steady.

chicago, July 16.-Cattle were little
more than nominally steady. Only a
few scattering lots of steers and odd
loads of butched stuff were in the
yards. The best steers We're offered at
$3.50, while butcher stuff was unsafe
able.
Eastern buyers have taken hold with
some interest in late days this week and
it was evident that they had not been
getting as many cattle as they needed.
Local buyers We're mostly interested in
the good 70 choice kinds that were not
too heavy. More good cattle could
have been sold and buyers were much
disappointed with the light receipts
| a circumstance that was partly attrib-
uted to the high water in the west
Prices now are about back to a week
ago for all classes of medium and heavy
weight cattle. while the yearlings if
anything are a little higher A good
many light and medium steers sold at
s606.75, with the grasser at s5M
5.75.
Hogs.
iipSS Sp!N up 10 the nlSheSt marx
Of the year prime going at SS45 Ship
pers and scalpers did the bulk of the
buying, and the chief strength was
in shipping grades, the general mar
ket being 10ml5 cents higher. Mixed
and packing hogs were not active, and
prices did not show the full advance
on the better grades.
The four-day supply here is $4,000
less than last Week and 22.000 less than
a year ago, while the five principal
western markets show a decrease of
10000 compared with 1903.
Patrick Cudahs, of Milwaukee, was
on the floor this week for the first
time since March last. Asked for his
views on the provision situation. he
replied: Il think the last talk we
had will stand rehashing That was
early in March, and, while i may
have seemed little extravagant in
some Of my statements, was not much
out of the way. l told you then we
would be 100000 hogs short this
summer We have already lost about
100000 and are likely to lose 100000
more before November /. The visible
supply of meat, compared with year
ago, is now short about 5o,OO0,O0o
pounds, and the invisible enough more
to make it over 100, 600, 900. Owing to
high prices dealers are sailing close
to shore. Pork has advanced $3.50
per barrel since then, lard and ribs
cents per pound, and likely to go
higher. 1 told you so is always in
bad taste, yet | feel like rubbing it in
little to some of those fellows that
We're such rank bears at that time.
Hog raising has been a losing game
for the farmer for about year and
half and he has naturally quit the
business. year ago last December
hogs We're selling around cents, while
corn was bringing so to 20 cents
bushel. and has been relatively in the
same position since then up to short
time ago. The farmer, the coming
year. will have plenty of corn, but
he won't have the stock to feed it
to, and in order to get him back to
raising hogs conditions have got to
be reversed. We ought to have, and
probably will have, something like
cent hogs and 50-cent corn the coming
year This will stimulate hog raising.
and in about twelve months from now
we will be getting some hogs.
Sheep.
Sheep and lambs finished about
steady Range lambs sold at sS25, and
natives at S.
In a general way lambs are Is cents
to 81 lower than the recent high spot.
Sheep, on the other hand, have gained
o0@15 cents. the spread between the
two classes having been widened dur
ing the week just that much. 1t is the
logical result of a contracted sheep
supply, due to the decentralization
packers effected last week and tha
heavy run of southern and native
lambs coupled with by no means in
significant, sprinkling of westerns The
ment Of young stuff next week, while
the rise In sheep is calculated to start
new movement of heavy muttons
from the west. A lot Of Kentucky
lambs have arrived direct to packers
this week and they are expected to run
freely for another week At the Ohio
river is it an Scent market for the best
lambs. Feeding and breeding stuff was
wanted as badly as ever, but very little
was available. Feeders have secured
very little stuff this week, owing to
the light supply of sheep and yearlings
and the fact that killers are taking
throw-outs from western lamb con-
signments. Many untitled feeder orders
are on the market.