Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-08-30
Sy STEER APPEARS
MAKES INITIAL BOW TO 1909 Au-
pIENcE, SIXTEEN HEAD SELL
ING AT HIGH PRICE.
HOGS MAKE RECOVERY
FROM EARLIER LOSSES
Packers and sealpers Force Market
Down at Opening, But Prices Later
Reach Saturdays Level = Native
Lambs Weak at 10 to is Cents Low.
er-sheep Holding Their Own.


er-Sheep Holding Their Own.
Chicago. Aug. 3O.-Cattle-The IS
steer made his initial bow to 1909
audience this morning when load of
sixteen head weighing 1,6S2 went over
the scales at that price. small lot
of yearlings also sold at that price, and
it was reported that another load of
heavy steers brought the same figure.
The general market for steers was slow
and if anything, prices were a little
lower, tho the best grades of steers
We're exempted from the dullness by
reason OF their scarcity, and sold at
steady to strong values. In the west
ern division the small supply made
strong market.
Last week was week of disappoint-
ment in the market Tor beef cattle. Re-
ceipts were just heavy enough to give
the advantage to buyers and so the
market was generally worse. A few
prime steers sold steady all week and
the best at s7.S5 reached the highest
level of the year. Secondary steers OF
good quality suffered a decline OF 100
Is cents compared with last week,
while the bulk of the common and
me iiuln grades sold at decline of 10
a 25 cents. A liberal supply of rangers
during the week handicapped the sale
of natives of the same class and was
largely responsible for the decline in
that department Buyers were loaded
I'D with cheap beef and We're not eager
to fill their coolers with any more OF II
till they could see a better outlet.
Receipts during the week totaled o.
600 against 50 200 the previous week
and 50 900 a year ago. There were H.
600 rangers in the run leaving about
As 900 natives while a year ago, out OF
the $1,000 cattle received, $4,000 were
rangers so the supply of natives last
week was more than normal. Eastern
shippers took hold with fair interest,
but because the supply of good cattle
was large they managed to get the bulk
| Of what they wanted little cheaper.
Exporters bought rather freely early
in the week, taking some compare
lively cheap cattle down to 1915 and
good ones for the London trade as high
as 81.
Lots Of common short-fed steers
were included in the weeks supply
and it proved that the proportion was
too large to suit market conditions
Dry weather is forcing a good many
light cattle in tho not so many are
coming here as at the Missouri river
markets.
Hogs.
Hogs opened weak to 5 cents lower
packers showing no early disposition Il
buy, and shippers and scalpers forcing
the market off about 5 cents. Later
recovery was noted, the big fellow:
. taking hold with a readiness that no
only checked the decline but enabled
sellers to clear their holdings at prizes
which averaged as good as those o
Saturday.
Receipts for last week total $4,000
! against $4,000 the previous week an
, "a, 900 a year ago. At the five principa
markets during the week the suppl
was moderate, the total being 222,0o(
against 231, 900 the previous week an
219, 1000 a year ago. That buyers nee
a the hogs is evident, but packers ar
doing their best to keep the marke
down and are getting along with a
few as possible. The demand on fires
meat account is strong and that is tn
: reason that shippers are taking sue
a large proportion. There is a goo
deal of guessing as to the probabl
run next Monday, but the majority al
figuring on close to 10000.
:, No bearish sentiment can be foun
rir Phoo al 11y
= ply of Omaha, a recognized trad
: oracle, was in Chicago Saturday lool
a ing over the situation and expresse
the opinion that not only is the sun
mer crop short, but that the hog ru
d in the west during the next twel,
y. months will be about Is per cent lie!
: than that of the past year. AS re
a ceipts at Chicago, Kansas City, Oman
e St Louis and st. Joseph since Jan.
is are about 100000 less than in 1870
2. this prediction is worth memorizing
n, 81 can detect no liberal supply
e hogs for long time to come said II
n Omaha man. 1T will take the grow
fully two years to catch up with col
sumptive demand and the price of CO.
will be strong factor meanwhil
Domestic consumption of hog produ
m is light, and it is surprising how t
consumer takes the stuff in the face
high prices. In Omaha territory 4 b
r. lieve the new crop of hogs is 25 p
at cent below the normal and altho ia
e, 1lary provisions are selling on bas
lip of 61a cents hogs, i believe they a
or cheap, as it is improbable that we W
ng be able to buy droves in that not
nd meanwhile A bumper crop of co
does not nredn cheap pork because /
SIS country does not possess the hogs
nd fattening purposes
in Sheep.
ne Native lambs and the less cflo
to sorts of choice sorts of westerns WE
C. weak and 10@15 cents lower, VIII
choice lots were about steady. She
held their own, the bulk clearing
steady values.
X Chicago Livestock.
Chicago. Aug. -Cattle-Estimaf
receipts for today, $4,000; oper
ert strong to 10 cents lower.
en Beeves ........ ......... 415@77
ny Texas steers ............ 4.00@5.4'
Eat Western steers .......... 4.40M6
'u- Stockers and feeders..... 3.15@5.2
re- Cows and heifers. ........ 2.25@6.4
err Calves 49,. ............ 6.5O@9.0
1er Hogs-Estimated receipts for tod
o. $1,000; opened weak, S cents lower.
Light 49,. ............. 7.50@s.1
Mixed $50. ............. 7.40@s.1
ox Heavy ..... ............ 7.10@S.1
710N7 2