Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-07-09
ADVANCE IN HOGS FAILED TO
HOLD WHEN WANTS OF BUY
Frs WERE SUPPLIED,
BAD WEEK FOR CATTLE
BECAUSE OF OVER SUPPLY
Prices Show Radical Recessions Since
Close Of Last Week-Too Many Of
ferinss for Mid Summer Demand =
Heavy Runs of Sheep Break Market
Badly.

inauy steady. Only about 700 were
received and no trading was done
This has been very disappointing
week in the market for beef cattle
With Monday-the big day of the
week-elimnated sellers expected tc
see a higher market and started out
confident OF securing much better
prices than We're paid last week, espe-
cially With light receipts on Tuesday
Their expectations were soon frosted
however, for it developed that the
demand was unusually slim and that
all buyers had their orders pared to
such an extent that even the small re-
ceipts Were too large to suit the
outlet. This was great surprise and
could not be accounted for except on
the ground that the demand for fresh
beef was contracted and that buyers
had determined TO smash the market
al all hazards.
Receipts for the week total only
$4,000 against $4,000 last week and
$4,000 a year ago. Eastern shippers
had very small orders and declared
that there was no outlet for the beef
along the Atlantic coast. The same
difficulty must have been encountered
by the local buyers. for they, too,
were exceptionally bearish and pound
ed the market as much as they could.
Big heavy steers were severely dis
criminatd against this week and
showed more decline than the COM
mon and medium grades, which were
was bad all week for the big cattle.
TO the present week the big cattle
~
Iearlings were in strong favor
most of the week and much of the
recent loss on these cattle was re-
stored. They sold some higher than
last week. while all the other cattle
receded several points. Most of the
cattle now are safely quoted 1O915
cents lower than at the close Of last
week. the heavy grades showing most
OF the loss. Common light weights
We're hard to SELL especially il they
are little grassy.
Hogs.
Some packers wanted hogs and they
paid stronger prices early. but their
needs were few and before the finish
they were Indifferent and peddling had
TO be resorted TO TO find an outlet for
holdings. The market closed with the
advance practically lost.
1t is a hard market to figure SO
far as declines are concerned. but
choice light hogs are 25@30 cents
lower than a week ago. while de-
clines on other grades are 400 Is cents,
the rule being that the coarser and
heavier stuff is the more it has suf
fered.
Arrivals OF hogs have certainly been
small enough this week to logically
turn that way. In fact, 1t has been go
ing the other way at a very rapid
pace, a circumstance which traders
have hard work to explain. Hot wealth
er Is blamed for sharp falling off IN
the fresh meat demand, but whether
that Is the real cause or not is probe
matical. II surely looks as if buyers
were having some difficulty in making
a clearance Of their goods at the prices
and realize that the outlet would be
broader and the market healthier If the
trade was keyed at a lower pitch.
Sheep.
Sheep were steady Heavy runs of
southern lambs broke the market bad
ly this week.
There has been food Of supplies.
since Tuesday from all directions
Southern lambs from Ohio river points
direct 10 killers have arrived in the
most liberal quantities of the season.
native territory has sent in an over
whellnlng supply of lambs. and the
ranges of Idaho, Washington and Ore
gon have helped swell the total to the
extent of an aggregate Of 100 carloads.
the biggest supply Of rangers Of the
year TO date.
The weeks receipts to date aggregate
about 50. 900 head. which is 1850 more
than arrived during the first five days
of last week and 200 more than the
like period a year ago Wednesday re-
ceipts totaling 29265 head. were the
second largest of the year to date.
1t is the concensus of opinion that
moderately liberal supplies, at least,
are probable for the near future. for
westerns may logically be expected to
become more numerous. southern lambs
will doubtless continue to run more
freely turnout July, and there seems to
be 10 end to native offerings at pres
ent. A big run OF range stuff is in
sight for next weeks trade.