Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-08-05
OPEN STEADY AND HOLDERS RE-
MAIN FIRM BUT INACTIVE MAR
kET FORCES PRICES DOWN.
CATTLE REMAIN ABOUT
STEADY ON LIGHT RUN
Stllers Drop IS Cents Below Thurs
days Averase-Sheep and Lambs
Rule About Steady, With Buyers
Active in Search Of the Richt Varie-
ties-Current Quotations.
Chicago, Aug. 5.-Hogs had a steady

Chicago, Aug 5-Hogs had steady
tone at the outset, tho packers did not
buy early in the session. Holders Of
light hogs We're firm and We're asking
as high as $500 for choice animals. The
late trade was not as strong as the
opening market, ard packers forced a
recession of 1o@I5 cents from the
initial quotations on lights Packers
bought heavy stuff as low as $3.50 but
would not pay over $50 for that class.
Medium weight butchers went as high
as $3.50
The run in the west. while somewhat
lighter than al the same time last week,
is still much heavier than "a year ago.
There were about 4l.o00 hogs at the
FIVE principal markets yesterday,
against 1000 last week and $4,000 a
year ago. the four-da run at these
points being approximately $4,000
against 20S000 last week and 100000 a
Year ago.
Proportion of big hogs on the pack
ing order continues excessive, as the
small number of hogs 10 the car indi-
Gates Pigs are scarce and shippers
are experiencing trouble in getting
enough light stuff 10 fill their orders.
Cattle.
Cattle We're about steady on small
run The best steers offered up TO
noon sold at $500, while stiilers went
at $3.50, 10 cents below Yesterdays
quotations.
Price up turn since last week has in
some cases been 50 rapid that all Of
the big declines scored by buyers a
week ago is now recovered. Still a
conservative sizing up Of the situation
puts the prices now current at 400 90
cents advance on low spot week ago.
Buyers cited instances of sales of good
steers during the past TWO days which
were 60d rs cents higher than low time
last week. however, and this applied
not only 10 some cattle which went al
$500 and higher. but also some which
landed around $500.
Last week it took a right choice
grade of steers 70 land at $500 and a
little under. They had 70 have plenty
of weight and good finish but the same
kinds now easily sell 5016o cents high
or. They were relatively too low
week ago but this weeks lighter re-
ceipts have put different complexion
on the situation and it is about as easy
for sellers TO boost the prices as it was
for buyers to hammer them a week
ago.
Common and plain light grassers
have not caught as much price upIft
as fat corn-fed steers.
After the sensational recovery of
values this week from low spot a week
ago the trade is in danger of another
overdose next week, and a violent re-
action. Conservative shipping opera
lions are in order, If current rates are
10 De held a rush to unload grassy
natives next week can not but meet
with price reversals. Westerns are ex-
pected in liberal volume. and the ma
tive supply will not need be very big
70 effect too heavy general crop de-
fnands.
Sheep.
Sheep and lambs We're steady al the
start One lot of native lambs brought
$40 early in the session. Feeding
sheep were quoted fairly steady, buyers
being active in a search of right kinds.