Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-06-28
MARKET CLOSES WITH STEERS
ON STEADY BASIS, BUT 9TH
ERs WEAK TO LOWER.
OPENING GAIN IN HOGS
LOST AT THE CLOSE
Good Demand From Shippers and
scalpers Caused Early Strength,
Prices Being Fully Ten Hisher-Per-
iod of Weakness Follows-sheep
Weak and Trade Slow.

Chicago, June 2S.-Cattle demand
was active at the opening for steers
but rather tame for butcher Stock
only the better grades of COWS and
heifers finding an outlet. After ship
pers' wants had been supplied reac-
ton set in. and at the close steers were
on a steady basis only. while less de-
sirable animals We're weak to a shade
lower than early in the day.
A continuation of light receipts in
the beef cattle market brought about
better results this week. Buyers were
not so Indifferent and apathetic and
showed more interest in the market
Receipts We're $4,000 for the week
against $4,000 last week and $4,000
a year ago. The small supply last
week gave the demand a chance to
catch up and this week buyers really
needed more cattle than were offered
Tl.ay We're not eager to pay any adj
vance but competition drove them to
1t and at the end OF this week values
look 1926 cents higher than at the
tloSS U! last Mvth Eastern upper
increased their purchases quite notice
ably and that was the main help to
the market Favoritisn, was shown for
the handy light weight steers from the
start and that class of cattle made the
most Improvement, going a least p
cents above last weeks level Good
yearlings were most eagerly sought for
and everything in that line soon
changed hands. On the other hand the
big heavy steers We're Disseminated
against and most of the week were not
much better than steady tho they fin
ished little higher Light and
medium grassy steers also sold better
and the whole market is in better
shape than ii has been for some time
The air is full of bullish talk and most
traders look for the good cattle to go
considerably higher on the assumption
that there are not many choice cattle
in the country. Nearly all shippers
coming in from Iowa. Missouri and Illi-
nos report few cattle on feed.
Hot weather is always handicap
70 favorable consumption of meat and
at present big cuts are hard 10 dis
pose of 1t is reported from the east
l1dt pIdCt!tdIiN ali VI lIie uIItCl supp
ments of cattle have gone to market
from feed lots in Pennsylvania and
Kentucky and that hereafter the de-
mand will be better from Chicago.
Nearly all the stillers have been dis
posed of and the supply of fed Texas
cattle is said to be running very shy.
Hogs.
Hogs were strong early, on good de-
mand from shippers and scalpers
prices being fully 10 cents higher than
Saturdays close. When these two fac
tors ceased buying period of weak
ness followed, and most of the opening
gain had been lost a the close. Light
weight animals We're best sellers
heavier kinds finding only poor inquiry
The trade looked for short 10000
today. as the country has served en-
phatic notice on packers that it will!
not ship on breaks. During the first
( half of the week packers raid the
market to the extent Of 40 cents per
cnTt., and the answer of the country
! in the shape of curtained supply has
been prompt.
The weeks run is but 10000 more
than the previous week and $4,000 less
than year ago while the Ave prin-
cipal western markets report but 49,.
ooo against 25s,ooO the previous weel
and $4,000 year ago.
Sheep.
Sheep was weak and trade was s,
slow that sellers were forced to max
concessions in order to induce buyer
10 look at offerings A .heavy suppl.
OF range lambs weakened the who'll
trade, the killing end being especial.
tame.
With the exception of sheep, which
looked % cents lower for last week
values showed little change. Nor
grass stuff from the west has shown
up and the Omaha market has gon.
to pieces under its weight. A lot O
grassers are in sight for next week ant
as a considerable proportion will b.
thin feeders, buyers will have bette
picking than recently. They have take,
Ia considerable number of yearling
around 3 cents and wethers around
cents.
The market has had a hippety-ho]
appearance all week, breaking one da,
and backing up the next. Less stuf
has arrived from Louisville, but it ha
exerted a very depressing influence
Some grass stuff has arrived, yearling
selling at s5@5.s0, with Californi
yearlngs at $3.50.