Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-08-08
CATTLE SUPPLY AMPLE FOR Or
BINARY MARKET BUT DEMAND
BRINGS UP CLOSING PRICES.
HOGS OPEN STRONG
AND MAINTAIN PRICE
Indifference of Buyers Causes Decreas-
ed Quotations on Sheep at Opening,
But Feeders Picked UP and Ruled
steady-Muttons Closed at 10 to IS
Cents Decline.

Chicago, Aug. S.-The general supply
of cattle is ample for the needs of the
ordinary market but demand for good
to choice beeves caused sellers to look
for better prices, and a few sales We're
made on a strong to 10 cent higher
! basis, but no real prime cattle offered
| were sold early The highest figure
! reported was $3.50 as was paid for
/ lot of Herefords and shorthorns mixed.
Butcher stock sold at steady to strong
prices.
/ Cattle statesmen last week had
chance to retaliate for the defeat they
! suffered the previous week. Because
of very small receipts they succeeded
! in getting back about all of the loss,
and now the general market for steers
| is much the same as week before last.
/ This falling off in the supply was deJ
J cidedly fortunate for the market, which,
! for some time had been greatly over
! burdened. Receipts for the week total
| close to $1,000, against nearly 10000
| the previous week and 41,000 a year
| ago. Eliminating the western rangers
and Texans leaves scarcely 49, 900 cat
tie for the market. against about $4,000
| natives this week This is the reason for
the advance before in the market 1t is
evident that the country realized the
result of keeping the market over
crowded and finally decided as the only
means of salvation to cut off the run.
Good rains in many locations helped
out materially and made it easier to
hold stock than formerly.
Prices commenced 10 gallop up the
line early in the week, but made the
greatest plunge on Wednesday. Lots
of cattle sold every day higher than
statesmen would admit, and at the end
of the week we find prices have re-
covered practically all of the loss Of
the previous week Many steers sold
late in the week a dollar higher than
before when nothing was want
ed. The general advance in the
market on the rank and file Of
the supply is 10000 cents, with many
medium cattle 10 cents higher. Whether
sellers will be able to hold their
ground or not VIII depend much on the
supply that comes this week 1t is
thought that owing to the knights
Templar conclave many shippers will
be inclined to come in to see the par
ade, and SO add materially to the con-
tribution of receipts. Cheap rates are
available on all the roads and no doubt
it would be better to leave the cattle
a home and come empty handed.
Hogs.
Hogs showed strength from the op-
ening and buyers were out early. A
general advance of 10@15 cents was
scored, this extending to heavy as we'll
as lights. Light weight mixed sold as
high as 1915, while prime lights were
quoted up to 5000. The market closed
at Is cents advance
There has been a decided curtail-
ment of supply the past week, but it
| has not been an improvem factor.
! While packers are not able to secure
! enough light weights to supply their
! trade, they are all complaining Of the
manner in which heavy meats are ac-
cumulating and this material was ac-
quired at higher prices than now pre-
vail OF are in prospect.
In the west last weeks movement
/ shows considerable reduction from
! the pervious weeks figures, but the run
is still considerably heavier than a
year ago. The five western markets
report 245,700 for the week, against
! 2S9,7O0 the previous week and 1S1 800
a year ago.
A year ago 1S9-pound stuff sold up to
sS.32h, pigs reaching SO. The mar
i ket had then had sharp bulge and a
! danger signal was being. waved. a
lot of s7.5o@7.75 trade in packing stuff
was being done at that time and the
spread was widening, altho not nearly
as wide as at present Two years ago
the top was $3.50 the bulk selling at
! s6.40@6.70.
Sheep.
Buyers of killers in both sheep and
lamb divisions were Indifferent and in
/, dications at openin gwere for lower
prices. Feeders. however, We're sched-
uled for at least steady prices. The
late market developed along lines indi-
Gated early, best lambs selling at s6.75,
! with western stuff neglected until late
in the session, when packers secured
their muttons at 10@15 cents declines
Chicago Livestock.
Chicago Aug. s.-Cattle-Estimate
receipts for today. $4,000; opened
steady to 10 cents higher.
Beeves ....... -. ...... 4.90@s.35
Stockers and feeders ...... 400@6.25
Cows and heifers - 2.70@6. IS
Westerns -. ...... 800. 4Oo@6.75
Texans. $50. 80. ........ $500 5.65
Calves ...... -: ....... $500 so
Hogs-Estimtaed receipts for today,
$4,000; opened 10 cents higher.
Lights 80. ..... ....... s4o@e.oo
Mixed -. -. .......... 7s0@s.s0
Heavies ....... 80. ..... 745@s. 35
Roughs $500. -. 800. 745@7.65
Good to choice heavies.... 765@S.35
Bulk of sales 49,. 7,Saps-2S