Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-07-11
EVERYTHING ON THE MARKET
GOES AT MATERIAL PRICE
REDUCTIONS.
STEERS DECLINE 10 TO Is.
WITH BUTCHERS OFF 10 CENTS
Hogs Showed Drop Of IS to Is Cents
Compared to Saturdays Ciose-Some
Claim Break Was Even Greater
Heavy Run Of Live Muttons Causes
Flat Break of Is Cents.

Chicago, July 11.-There were price
reductions on practically everything In
the livestock market today. Cattle SUI
sered to the extent of a 1925 cent de-
cline on steers, tho butchers stuff was
held generally to a 10-cent reduction
The common and medium light
weight classes are meeting a fair pack
er demand at the price reduction, but
the trade is looking ahead with some
apprehension. fearing that continued
dry weather would force a big crop OF
that class of stuff out of pastures and
thus enable the killers TO hit prices
m ore severely in the coming week The
relatively decent demand for medium
and plain natives in face of Texas
marketings of liberal volume was too
good indication of killers favor for
medium and lower priced stuff.
Big heavy steers were severely dis
eliminated against last week and
showed more decline than the COM
mon and medium grades, which were
already relatively low. The market
w DIS pau wen loI l1ieS oAe SH~>>-~'
tho they were not numerous. Up
to the present week the big cattle
have been the best sellers.
Yearlings We're 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 1o@15
cents lower than at the close of the
week before, the heavy grades showing
most Of the loss. Common light
weights were hard to sell, especially II
they are a little grassy.
Hogs.
There was a heavy slump in hogs
prices being so irregular that 1t was
hard to figure out the real extent OF the
decline. There were no hogs that did
not show drop of Is cents, and from
this decline they ranged downward to
levels which We're 25 cents under those
at the close Saturday. while some sell
ers claimed the break were ever great
er. Top was 1925 for a fancy lot
Range of hog prices widens every
day, and at the close the spread in val
ues between heavy packers and choice
light is larger than for many months
Quality is fairly good at all times. but
the proportion Of heavy packers Is too
liberal and scarcity Of light Is more
noticeable as the week progresses
County shippers must buy weighty
kinds at a discount from now on or
lose money, as discrimination against
even choice heavy will undoubtedly
continue unless proportion Of heavy
kinds decreases.
That packers can not use heavy
hogs at current prices was indicated,
again, by their actions last week. They
have a bunch that they are going to
get more than a sufficiency Of these
big packing hogs all summer and they
are standing from under. The coun-
try is putting on all the weight pos
sible, as it Is a profitable process, and
before the middle of July there will be
an unprecedented spread between
singers" and "grass widows.
Sheep.
So heavy was the run of live NUT
tons that il was only a question OF now
much sellers would be forced TO take
off. There was fat break of 20
cents, but some reports showed even
greater drop.
IT Is the concensus of opinion that
moderately liberal supplies, at least
ara probab BILE for the near future, for
westerns may logically be expected to
become more nun erous, southern
lambs will doubtless continue to run
freely turnout July, and there seems
to be no end to native offerings a.
present. A big run Of range stuff is In
sight for this weeks trade.
Lambs formed the big end OF last
weeks receipts Of native and south
ern stuff, while sheep gently pre-
dominated among the range offerings
and no very good fat range lambs
were shown. One string of sixty-two
pound Idaho lambs sold Tuesday at So,
but were high and s720 bought about
the same kind on Thursday, while 81
would have looked like good price
for them at the close. Prime native
lambs made an $3.50 top on Tuesday,
and a lot of choice lambs with light
sorts reached $3.50, but at the close
$3.50 bought fully as desirable kinds.