Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-07-06
CATTLE GAVE PROMISE OF
STRONG PRICES BUT HOPES
NOT REALIZED.
INCREASED RUN TOOK
SNAP OUT OF TRADE
Hogs Opened Strong and Active, Scalp
ers' Market Sending Prices Up 10 to
is Blu. Close Was Bad, Packers Re-
fusins Support and Advance Lost
Lamb Market Swamped,

Chicago July 6.-Cattle, which gave
partially lived up to the hopes of the
trade. The run increased from $1,000
10 10000 and, while the addition of L.
600 did not seem any startling increase.
snap out Of the trade. Good steers We're
steady. but the bulk of other grades
showed weakness, while cow stuff was
strong.
That the beef demand is not broad
country shipping activity is plainly
content to buy sparingly yesterday and
killers, finding the consumptive outlet
10 be checked as result of hot wealth
er, We're, too, in a mood to purcha Sc
modera tely and await a better move
fore jumping into the trade with big
buying orders. Hot weather and dry
pastures naturally make the feeders
who have medium cattle on grass feel
little uneasy. A good wetting over
the corn belt would bring about DIFF
ferent feeling mong many feeders, but
those who sit by with patience and
hold their unfinished stuff at home
would seem TO be following a con-
servative policy. Market for the cheap
err and medium priced beeves has been
pounded severely in recent weeks as
result of an overdose Of supplies and
it will require another week or two
for conditions to adjust themselves.
Meantime the trade is in a position to
handle moderate runs, with some pres
pect of price betternent.
Hogs.
Hogs were strong and active, tho
largely a scalper's market, which at the
opening sent prices 10 to 10 higher
than the best time of yesterday. The
meager run was responsible for bet
ter tone The finish, however, was
bad. Packers refused to support
market and at the earlier advance was
lost The market closed weak.
The fact that the public is out Of the
provision market leaves that comnod-
ity in the hands OF the speculative and
packing interests. Some Of the COM
mission houses in the trade are advis-
ing caution in making new commit
ments. The hog movement during the
last fortnight has exceeded all expec-
tations and in case the run at the eight
leading western points should keep up
to the present level the bull side of the
market would be an Improbable one.
There are no large open interests In
provisions at the present time. THE
Cudahys," Swift and the National are
believed to be in the market only in
normal position in the various prod
ucts There has been considerable talk
Of trouble brewing in July pork for the
shorts That future is believed to be
controlled by one of the larger packing
interests and there are signs of higher
prices later on. Stocks of provisions
at Chicago, as well as other western
packing points, are not large enough to
cause any pressure on prices.
When the supply of hogs in the
country is talked of in the provision
crowd on the board Of trade there is
a diversity of opinion on this subject
There are some who believe that hogs
are more plentiful and that they will
come out to market as long as present
prices keep up. There are some in tho
trade who believe that the run in the
west will show a falling off before this
month has passed away.
Sheep.
A heavy run swamped the lamb
market, which was generally % cents
lower. Sheep held firm.