Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-06-04

Chicago, June PACKERS were ag-
! gressive bears today and as a result
there was big slump in the hog mar
ket and the close was weak The open
! ing was 5610 cents lower but at the
close it was 10@15 cents down. The
top was $40
Shippers have taken about half as
! many hogs as a year ago, which has
restrained speculative energy and
given packers an opportunity to chart
the course of the market. Their con-
tention is that they have fooled both
as to weight and numbers and they
assert that every cent they have paid
above SO per cwt. recently has been a
gift of that much to the grower. This
will of course be taken with the usual
grain of salt. but it indicates senti-
ment in buying circles.
Cattle.
Steers We're strong a the best prices
OF the previous day and the close of the
week was at 10d15 cents advance.
Market has gone sharply higher since
early Wednesday, due to short re-
ceipts, and the general prices for steers
are on a basis 1925 higher than a
week ago, medium to good handy
steers showing the greatest apprecia-
ton while the choice to prime kinds
We're quotable at 100 15c gain. Year
Hngs. along with the older cattle, have
caught the appreciation. but ii was all
due to small supplies rather than to
general broadening of demand. Killers
succeeded we'll in holding the market
from sharp price gains on the big days
of the week.
For the five days this week receipts
have totaled $1,000. against 45,s7s
week ago and 41.461 a year ago, and
by reason of the short receipts the
trade is again established on a firm
basis, altho the situation is susceptible
to quick changes and sellers are not
looking forward to easy sailing next
week unless marketing Is conducted
conservatively. Killers are in nopd
TO break prices where the opportunity
is presented Beef outlet is not such
as demands big purchases and thus
there is actual need for only moderate
supplies.
Continued mean corn weather, 1t is
feared, will result in some liquidation
of cattle by feeders DESTROYS of saving
their old corn, but the cattle market
prospects are indeed as favorable to
holders as the situation in corn trade
and a state of serenity among feeders
with warn1ed-up cattle is advisable
These have been right good sellers this
week. but sudden changes are always
in order at this season Of the year,
when Texans are strong competitors
and can be bought relatively cheap.
Sheep.
Sheep were strong to % cents higher,
while lambs We're about steady, with
good Colorados at ss.o5.
The weeks trade has witnessed
material narrowing of the wide spread
in good form all the week. not being
and buyers realizing that
they are worth the money and getting
scarce. Fridays sharp upturn put the
sheep market on % Accent higher
level than at the close of last week
Choice heavy shorn fed western weth-
ers at $3.50 compare with some of a
slightly less desirable class late last
week at s.. The upturn has been
gradual with the close at the weeks
high point.
The advance in sheep contrasts with
a decline Of equal severity on yearHng
lambs. Choice clipped Colorado lambs
the last two days at ss.25 are such as
sold al $3.50 a week ago, while the loss ,
on heavy lambs and the common and
medium low dressing kinds is close
to so cents from week ago. The
spread between sheep and lambs has (
been narrowed a full Is cents from the |
close last week.