Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-06-18
ScALPERS DID A LITTLE BUYING
EARLY AND MARKET GAIN
ED 5 TO 10.
TUMBLE IN
SHEEP MARKET DURING WEEK
Buyers Used cuaeeIs With Little Let
Up in Pounding Down Prices, Which
Are SIPS to 50 Under Week Ago
Practically No Market For Cattle,
Only Sales Bring Distillery.

Chicago. June 1S.-Scalpers did a
| little buying at the outset in the hog
market and their activity gave strength
TO the early market, the general list
bei1g advanced cents, while there
were cases Of a full 10 cent gain. The
top was $3.50 for prime hogs
Indicative that the country has hogs
to sell around cents al home is the
fact that local receipts this week are
is .0oo against $500 last week and
$1,000 a Year ago. while the FIVE prin-
cipal points report about 2S5,o0o
against $50, 600 last week and 23S,000 a
year ago. June receipts 10 date are
only s. geo less than a year ago. while
considering extra weight more pounds
Of product have been at packers dis
posal.
Provisions, Of course. had a break.
There was no other way, numbers do
ing the work. AS stock yard talent fig
ures it out, however, packers are not
anxious for lower prices either al the
yards or in the pit, as they have
every incentive at present for price
maintenance They have a lot Of
SJlDTIS III me corner ana are S!lt pm
cipal owners of existing stocks. They
are also anxious 10 keep the grower
in good humor and stimulate him to
more effort along production lines. AS
the late G. f Swift once remarked:
You can't make money on hogs you
don't kill" The present policy Of the
packer Is to let sharts foot the ex-
pense bill necessary 10 enrhuse the
grower.
Cattle.
There was practically no market for
cattle, the only sales being a few dis
tillery cattle, which went at $3.50, thus
reaching the previous high mark.
Suppl! OF 70 today made $4,000 for
this week. the largest run TOR ike
period since April. while com pairing
with IS. 396 week ago and 37.447
" ar ago. This considerable increase
over week ago. coming at a time
when sudden change from cool TO hot
weather has effected a cut in beef con-
sumption, has put the market for all
excepting choice steers in weak shape,
ard nominal values today were 1920
cents lower than week ago for the
steers Of plain 20 good beef grade.
while choice to prime hold fully steady
and the gras sers, which have shown up
in more liberal quota of late than dur
ing the last few weeks, are down 2oc
and more in some cases compared with
the finish last week.
This situation viii likely continue in
event OF another liberal supply next
week. but the trade is nor worrying
much over prospects for the good to,
choice corn-fed natives. Were the
y,lerti~TI1 Sn-r q
greater strength doubtless would be
noted for choice corn-fed kinds.
The sS.1lers afford killers pretty good
substitute for long fed natives, but de-
mand from packers and shippers is
strong enough for those kind TO admit
OF right good market for both class
-.
Tearlings of choice grade ara meet
ing an exceptionally good general in
qury. Bulk of the strictly good kinds
have not shown material change in
price this week IN spite Of the decline
plain yearlings, in sympathy with
gone down.
Shippers have taken a third Of the
receipts this week, but the purchases
time of the year, and unless a more
moderate supply arrives next week the
trade is in fear OF continued declines
for the common and medium grades.
Cirassers are due in liberal supply
however, and general tendency Of
values for these is lower, the weaker
situation in trade for plain natives be-
ing strongly Influenced by the lower
-fv
kets-
Sheep.
Sheen ana lambs nave tunabled pre-
cipitatively during the week There
has been little let up by buyers in the
use Of their cudgels in pounding down
he market, and lambs are 81 % a 200
lower, while sheep are IS cents 10 1925
under the high time at the opening OF
the week