Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-08-03
WESTERN MARKET LETTER.

Kansas city Stock Yards, Aug. Il
Too many cattle at each OF the big
markets last week caused heavy de-
clines on all kinds, and the loss in
some classes, notably stockers and
feeders, was so great as to put the
market on same on the verge OF de-
mora liza ton At the nve Leading mar
kets receipts last week sixty thousand
cattle greater than during correspond
ing week last year, and this big run
following the liberal supply OF the
previous week put the situation In the
hands OF the buyers completely Best
fed steers lost 20 To 80 cents, medium
grades OF killing cattle IS to so cents,
low grades OF killing cattle. stockers
and feeders and calves defined so to
rs cents. Dry pastures and lack OF
stock water were the moving forces on
"a good many cattle last week, to-
gether with the fears OF protracted
drouth. which induced some owners
to try to get in ahead Of the big rush
that a good many people confidently
expected would be made this week.
The run today is n surprise. only H.
O0O head here. including 1000 calves,
and not half as much panicky talk
about dry weather Is heard today as
q week ago. There has been no gem
eral rain over the country, ana local
rains have not been enough to do
much good. but surplus receipts this
week will be confined TO offerings OF
owners compelled to liquidate. The
market Is strong to 10 higher today.
top corn fed steers at s7.S5, top last
week SIS Best of the run today Is
pasture cattle. the best wintcred west
erns OF big weights selling up 20 s6.T5.
medium weight steers $3.50 10 1913,
best feeders around 50. stock steers
S325 to $3.50 Some Kansas steers.
129O sold at $3.50 today. same cattle
at S535 last Thursday, and at s5.i5
last Wednesday. Grass cows sell
around SS.S0 for good ones, best veals
$3.50
After some erratic movements last
week the hog market closed with
sharp losses. and there is a big
crash In the situation today, prices
10 TO 80 cents lower today. large
percentage Of the run IS heavy sows,
and prices on this kind are hardest
hit. heavies selling today at s7.65 to
$3.50. Medium weight hogs bring
S7Sb to SSt5, and light weights
$S.l5 10 $3.50. Packers complain that
demand for provisions Is not up to ex-
pcctations, buyers evidently waiting
for some now Developments before
providing for future requirements.
Prospects of lower provisions natural
Is makes packers keen TO cheaper up
their stocks as much as possible. Run
here Is 5000 today, but with buyers
In thier present frame Of mind II
will take extremely small runs to re-
suscitate the market from the blow
received today.
Lambs slumped so to Is cents last
week, but sheep remained about steady
for the week Receipts are moderate,
movement from native territory light,
ana from the range country In the
west and northwest not started very
heavy 10 this market yet Northern
summer. mostly from dry sections In
the northwest. Omaha receipts in July
were double receipts there same
month last year. Run here Is less than
900 TODAY market stronger best
lambs worth $500. yearlings SIS
weathers s425, ewes 81 stock and
feeding stun $3.50 20 81
The boats are safe. light and clean on