Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-08-01
HEAVY RECEIPTS ADD TO
pEMoRALIzED CONDITIONS
Early Market Down 10 Cents, But
Later Market Shows Some Improve
ment-Heavy Reeei pts of Cattle With
Demand Only for Best Grades
Lambs Stronger and Sheep Steady.


were heavy receipts. with only light
inquiry from scalpers and outsiders.
giving killers pretty much their own
way. Early prices were off about 10
cents from Saturdays close. prime
lights selling al sS.40. with choice pig
weights Quotable at $3.50 Choice
heavy shipping stuff went at Ss.05,
while bids as low as $50 were COM
mon for the mixed class OF medium
weights. The late market, however
showed some Improvement
Last weeks receipts of hogs were
within a few hundred OF 10000, being
the second largest weeks total at the
Chicago stock yards in over two
months and the largest since 1905 as
compared with the corresponding week
in previous years. The total was 32.1oo
larger than previous week, 400 larger
than year ago ard 25,40O larger than
TWO years ago.
II is estimated hogs received here
last week averaged 246 pounds, or
heaviest for any week in nearly three
years, against 2+5 pounds previous
week. 22s pounds year ago. POI
pounds two years ago. PA pounds
three years ago and PA Wounds for the
eleven year average of the correspond
ing week from S99 10 1909, inclusive.
Top hogs ar Chicago last week 1905.
or cents below high point previous
week. IS cents higher than a year ago,
and s195 higher than two years ago.
Last weeks average price al ss5o was
cents lower than previous week. IS
cents higher than a year ago and $40
higher than two years ago, standing
80 30 higher than the eleven-year aver
age Of the corresponding week from
1852 10 1909 inclusive
Combined receipts Of hogs at eleven
markets last week totaled $4,000. or
$4,000 more than previous week. IA
than two years ago and $4,000 less than
corresponding week Of 1907 Last
weeks combined total was 2a, 900 larg-
er than the eleven-year average Of the
corresponding week from 1900 to 1909,
inclusive.
Unexpectedly heavy receipts and de-
:nand for only the best grades OF steers
had a bad effect on the cattle market,
and early in the session it looked as
tho there would be lower price levels.
Scalpers were taking q few of the bet
ter sorts OF butcher cattle early and
trade was generally quoting COW stuff
at the closing levels Of SATURDAY. Top
was sss5 for lights. butchers 1925 and
heavies IS.
Ample evidence Of the serious condi-
ton over the country as regards pas
turage was shown last week in big
narketings at al points. which result
"a in me most severe price declines in
months past. Chicago had 6e,7oo cattle.
and on the close values in most cases
were down 500 75c from the previous
~ -
sellers quoted nearly 81 decline from
the basis in force ten days ago.
I. was simply an overloaded market
in which dem oralization was inevitable.
Supply stood against 6s,067 the prev
ious week and 40.09s a year ago. while
at the six leading markets receipts ag-
gregated 100000, against 1s2,10o the
previous week and 131.7OO a year ago.
Liquidation was a forced issue with
many of tbs, feeders whose pasturage
IS about gone as a result Of the long
dry spell. Minnesota and South Da-
ko-a feeders sent many cattle which,
under more favorable pasturage con-
diiions, would not be marketed until
TWO months later The same was true
of Iowa, Illinois, Missouri and Kansas.
Chicago got the big end of the drouth-
forced stuff. but the killers have put
some wide declines in force at all
points.
Everything caught the break. but the
strictly choice were not hit quite as
hard as others. Still these sold late
in the week al 1855, and were consid-
cred as much as 400 soc below high
spot az the opening The 1925 @700
steers showed widest cut. but the stuff
which vent down 10 s5.5005.75 was
also hit almost as severely. There was
no particular discrimination in favor of
warnings. a big crop Of these came TO
hand and buyers treated them about
as mean as the weightier steers.
Until the big runs are checked reac-
ton in prices does not appear probable.
Western rangers will come more
freely in the near future and these,
piled in with the natives. promise to
give killers a feast of medium and low
priced steers The crop of fat heavy
beeves. however. can not show much
siza since these are known to be pretty
well shipped out of corn belt feed lots
and some Improvement from late hard
price knocks is logical. but still 50 looks
a big price for strictly top kinds right
now. and it is evident that killers ap-
.preciate them more az this figure than
when they stood soc higher.
Sheep.
Lambs were stronger, some sales
showing a gain of % cents. Sheep were
steady. with strong spots where prices
were higher.
Chicago Livestock.
Chicago. Aug. .-Catrle-Estimated