Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-06-25

Chicago. Juno 25.-Hogs closed with
ali the advance lost, packers refus-
ing to pay the prices which soalpers
aid early in the session Top. first re-
ported at se.75, turned out to be 1855.
Buyers were willing to pay $3.50 TOT
light weight hogs, but none We're to De
had. Trade finished dull.
A June run OF 2T59350- pound hogs
tells its own story. Cold weather,
abundance Of old corn and fascinating
prices were the motives that dictated
This policy. Thousand Of porty fat
backs have reached market this week
that would have found their way to the
shambles q month ago but for the TACT
that they were converting 50-oent corn,
much Of which would not grade at the
elevator, into s1@1.25 worth OF pork
Now that the torrid season has arrived.
holders are naturally anxious to cash.
Carrying a So0-pound hog. worth SIS
or more in the country, into July is
dangerous, as they have a fashion OF
dying off like so many flies.
One OF the leading packers predicted
yesterday that by the middle OF July
spread of 81 per cwr between choice
light and heavy packing grades would
Do established. This is legible hand
writing on the market wall country
buyers should not only read but COM
nit TO memory. They must buy heavy
packing hogs so cents below choice
Light and rs cents under mediums I'M
less they are anxious to go thru the
bankruptcy court. The trade is on a
fresh meat, hot weather basis for
weeks TO come. Il the country ship
pers are not satisfied with the money
they have lost this week, they have
merely TO continue making common
price for everything. Packers are no
longer pursuing that policy.
Cattle.
Cattle closed the week lower. Even
the very best grade of steers fell be-
low the closing Of last week. The mar
ket was uneveniy lower 2J4 80 cents.
Butcher cattle are mostly IS cents
who insist that the cow stuff is close
to so cents lower than even the ex-
tremely bad close OF last week.
Beef cattle values received a very
hard knock this week. Heavy receipts
Va idSiiCI pI1A RacsA1LS SA-Ni q A&9AAs ~
,nand proved combination that was
unfortunate for the seller and there
was nothing TO do but accept the best
terms possible, Broad concessions had
to be made all along the line with the
poorer qualities shrowing the most re-
duction.
Dry weather talk had much to do
with rushing in many light short-fed
steers and there were also many
strictly grass steers sent in which
were scarcely better than feeders As
the feeder dealers were loaded up with
cattle it was up TO the packers TO take
the light, com mon STUFF and it was
hammered down to a very low point.
Prices for all the cattle on the gen.
eral market showed about the great
est decline Of the year. Offerings OF
all kinds were entirely too heavy. but
the surplus was mostly in the come
mon and edium grades. Here is
where the smash was the hardest and
prices show reduction of 50075 cents
on cattle selling now at $3.50 q 6.25.
Anything grassy was seriously neg
lected because buyers say they are
getting good many Texas steers OF
a similar kind which they prefer.
Medium to pretty good steers also
received hard jolt and show fall
of 4o650 cents from last week. This
applies mostly TO cattle now quoted at
ss.7517.5o. In some instances these
steers show loss Of SO cents and late
In the week were extremely hard TO
sell at the decline.
Good to choice steers ewere taken
freely at the first of the week at 5000
sS5, but on Wednesday they were
discounted sharply and show de-
cline of 10 as cents.
There has been a fairly good de-
mand from eastern shippers for the
good fat cattle and moro steers were
bought to go that direction than a
week ago, tho receipts were about
the same.
Total receipts for the week stand
at $4,000, against $1,000 last week and
900 year ago
Sheep.
Sheep are mostly so cents lower than
a week ago. while lambs are 25@50
cents lower, aId-ciipped lambs are u.
some cases much as 81 under the prices
Of last week.