Evening times-Republican., 1909-07-12
MARKET WAS BETTER, HOW.
EVER, THAN TRADE HAD
ANTICIPATED.
HOGS RANGE FIVE
TO TEN CENTS LOWER
Packers Slow in Coming Into Market,
and Their Purchases Lacked Vim
Shippers Orders Not Of Very Liberal
Nature-sheep Strong and Higher
Range Lambs Break Record.

Chicago, July 12.-Cattle-With the
exception of handy-weight steers and
yearlings steers, trade was slow to 10
cents lower today, on heavy run. 1t
was better market, however, than
trade had anticipat ted early, for many
feared the heavy supply would force
greater decline, while buyers were
slow to take hold of the weighty stuff.
and their bids We're not generally over
10 cents lower. Butcher cattle were
generally steady.
There is ready outlet for all fat 100
to 1250pound steers. and the yearlings
especially have been in keen demand Of
late. The demand is much keener for
500 to s00-pound yearlings than for
any other class of steers. Buyers claim
the outlet for that class of beef is very
good, both in local quarters and in
the east. while it is difficult to clear
the heavy beef from coolers.
Packers direct arrivals of Texans
have operated aga inst the market for
medium and plain short fed and grassy
native steers, while soon the western
rangers will prove considerable COM
petitive factor against these natives and
also the pretty good quality kinds. The
trade has looked for first western range
arrivals of the season-Wyomings-
this week, but there will not be any
considerable movement from the north
west until the last days Of July and
early in August
Hoas.
| Hogs were weak. ranging 5 to 10
cents lower than Saturdays average
Packers were tardy in coming into the
market, but when they did buy. their
purchases We're conducted with that
lack of vim which indicated that they
/ believed they had practical control
Shippers orders were not very liberal
Altho supply has been considerably
much lighter than year ago and
| there is no reason to believe that any
considerable number of hogs are press
ing on the market. Every break checks
the run, while swells as occurred last
Monday and Tuesday attract more
hogs. Wet weather in the country has
been a movement swelling factor pas
week as growers had nothing to do bu
haul stock to loading points.
At this high level shippers are dis
posed TO ask wider margin than wher
hogs are cheap, as the chances of sud.
den and steep declines are greater, bu
the grower fails to look at it that way
At present a larger proportion of tn,
hog crop is going to market in grow
ers' hands than ever before for the OBJ
vious reason that the professional ship
: per is reluctant to take the big chance
involved by paving within 80 cents pc
cwt of Chicago prices at home, espe
cially during hot weather, when risk o
mortality is great The average no,
grower has a very lucid idea of wha
his property is worth and is not dis
posed to throw away any money to tn
shipper. $40
Sheep.
Sheep We're strong to 25 cents higher
range lambs bringing the highest pric
ever obtained on this market one lo
going at $3.50. Natice lambs wer
steady. The scarcity of range offer
:. ings was responsible for the highe
prices.
The packers are still getting a goo
many lambs from the southern mar
kets, but they have had to pay hisht
, prices for them on recent days, cor
, trary to their expectations. They ha,
made very strong endeavors to brea
= the southern market, but it seems ever
time they attempt this somebody ster
in and buys them. The fact of II
matter is there are not enough laml
to supply. the trade at present. Tt
first range lambs Of the asOn vera e
the market last week and sold from s:
\ asa cents-record prices.
:" A couple of loads Of range feedir
lambs went to the country at $64
This is about the price anticipated.
@61a cents and traders believe it
what they will sell at during the ne
few weeks, as the packers will gil
this price for them to kill as second
No one knows what the price of fee
~ ing lambs will be later on, but MAI
N are inclined to believe thhey will s;
u considerably higher than last year,
: demand will be greater and there w
ie be fewer lambs to be had.
~ The feeding demand is not qnite
IT, good as a week ago. Prices on hea'
Is feeding yearlings are Z 15@25 cen
re lower, while some real choice lgh
'e weights would sell as high as
of week ago. Most of the feeding yea
J. lings coming to market so far a
rather heavy
Chicago Livestock.
OF Chicago, July 2.-Cattle-Estimat,
receipts for today $4,000; opened steat
ri to 10 cents lower.
u 6e6VeS 40 4.