Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-06-11
RECEIPTS TOO LIGHT TO CAUSE
ANY MATERIAL SUPPORT IN
THAT MARKET.
HOG MARKET PRICES
DECLINE FIVE TO TEN
Offerings Were Heavy, and Extreme
Bearishness Was Displayed BY All
Glasses of Ruyers-outside Demand
Was Lackins-Lambs Bring Steady
Prices, But Sheep Were Weak.

Chicago, June 11.-Cattle receipts
were too light to cause any material
support. A few odd loads of steers
were marketed, but lacked quality and
moved slowly. Steady levels, how
ever, were maintained generally. few
good beeves selling at SIS, the best
price of the day.
The arrival of liberal supply of
Texas cattle this week. many direct for
slaughter. has been bearish factor in
the trade for natives of value under
$500. Also there were numerous lots of
grassy natives at hand and as in the
she stock trade the buyers were out to
get the grassy steers down to basis
nerarer a profitable level for them.
Grassers will come more freely from
now on and the lower prices which
buyers have put into force for the
short-fed and grassy kinds can hardly
be recouped in the opinion of the SELL
ers, since there are prospects for a
| liberal volume of Texas and grass
native steers within the next few
weeks, and it will Require much
broader consumptive outlet for that
| class before the market can show
much strength.
With the good to choice handy and
strong weight steers the outlook Is diff
ferent The light general run of $500
this week, a decrease of 5000 from a
week ago. has shown a proportionate
decrease in good to choice kinds. I'm
| fortunately the demand this week has
been curbed to a volume in keeping
with the lessened marketings, which
mas afforded buyers getting the strict
" good to choice kinds at last week.
prices, but under normal demand
higher range of price values would
have been in order and the trade feels
confident that before the end of June
there will have materialized shortage
of well-finished steers which will pu
the prices for these considerably farth-
er UP from the common and medium
classes than is the case at present.
Eastern outlet has decreased rather
sharply OF late, the unsettled bushes:
conditions in many quarters being re-
sponsible for the lessened consumption
of beef Resumption of a broader east
era outlet for beef would bring about E
considerable change in the situation
affecting prices for good to choice
beeves, and a little keener activity IL
export trade would also have slim
ulating effect.
Hogs.
Hogs were to 10 lower. on heav,
offerings and extreme bearishness, dis
played by all classes of buyers. Occa
sional sales Of mixed hogs showed
: steady tone, but this was not a genera
condition. Outside demand was lack
ing.
Contrary to general expectations, tn
: Ehog market has acquired boom ten
dency which threatens to make ney
high records in hog prices. Just wha
is back of this imitation is hard to say
only ii is apparent that the provis!o
trade is being boosted. Under the cir
cumstances packers seem to be cage
/ to get hogs that can be manufacture
into plenty of lard, and this is caus
: ing the big hogs to advance faster tina
: the light weights. Improvement in IN
@ market during the past ten days ha
: been highly gratifying to the produce
and seller. Prices are 40 cents hignf
A than one the first day of June, an
), there are strong symptoms of the ad
:, vance continuing The top now is onl
g 10 cents behind the June record whic
- was established in 1902, when SIS
- was paid Many think there is a stron
possibility of values exceeding the 49,:
mark, made in July. 1902, which w
!. take the summit back to 1899
H. Sheep.
Il Sheep were weak. Lambs comprts
he the bulk of offerings, and succeeded
r finding an outlet at steady prices.