Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-05-27
HOLIDAY CAUSES
QUIET TO PERvADE
YARDS.
CATTLE PRICES SHOW
CONSIDERABLE FALLING OFF
Wide Spread in ouotations-Top Of
$3.50 for Light Hogs and $s62k for
Butchers-Lambs Down 10 to IS
oents-current Quotations in tho
Markets.

| Chicago, May 27.-The approaching
holiday took the life out Of the live
stock market today. Cows and heif-
| ers showed d falling Of, prices varying
! in other grades from 25 cents to rs
cents.
The decline for good to choice, as
we'll as for the medium and short-fed
| grades. has upset the calculations Of
the traders who had of late believed
that the top kinds were firmly en-
trenched on a high basis and not likely
TO fall soon. An oversupply of them
on Wednesday,, however, coupled with
| bearish packer and shipping demand,
brought decline for these grades quite
as easily as for the next best classes,
and in fact the hardest slump late
Wednesday was for the kinds of value
up around IS as against those selling
around 81 and lower.
Price widening set in force Monday
when the choice kinds were strong
sale and the others lower, has thu.
been checked. The market instead Is
down all around compared with last
week. and unless there is some very
cautious operating on the part Of
country shippers in sending cattle here
for next Monday the trade fears an
ton Day and most Of the local plants
will not slaughter cattle that day.
This will mean a very conservative de-
mand and shippers should take this
into consideration and operate accord
ingly 1t would be an easy matter for
buyers TO force some further sharp
rr;o lyc IN O
next Monday, and the trade rests as
sured that this will be the result con-
sequent to any oversupply showing up.
Hogs.
Hogs developed a top of $3.50 for
lights, while butchers made s9.621a.
Cudahy seems to be the arch bear in
the provision pit at present, and the
theory of that interest is that the
country has lot of hogs to dump into
the market hopper. In pit circles
sentiment exists that revival Of cash
demand, which is very slow at present,
Will help prices. With the current run
of heavy hogs stocks ought to show
big increase in June.
Eighty-one thousand hogs were re-
ceived at eleven markets yesterday, or
5000 more than week ago and 20.6oO
less than a year ago. Chicago had
1900 less than a week ago and 1000
less than a year ago. Kansas City
reported less than a week ago and
5000 less than a year ago. st. Louis
had the same number as week ago
and 5000 less than year ago.
The four day supply this week is a
little less than 100000 or $4,000 less
than year ago, altho somewhat heav-
Ter than last. Owing to lack OF ship
ping demand, however, packers have
secured about 10000. against $4,000
year ago, when the eastern market was
wide open.
Sheep.
Sheep We're steady. some prime
sra des going at $500. Lambs were
down 1O@15 cents, choice springers
selling at $3.50
Market talent is astounded at the
manner in which heavy sheep values
are slumping. Apparently there is no
bottom to the market. Wethers that
sold at s. were worth 1885 on
the March high spot. Undoubtedly the
dumping of lot of Australian frozen
mutton into the New York market
hurt domestic product as the foreign
stuff had to be liquidated at loss
and in the process it excluded fresh
killed mutton. Advices from the east
Yesterday were to the effect that haavy
mutton was we'll nigh unstable. About
5000 carcasses are lying at Philadel-
phia for which there is no demand.
The public wants lamb and q surplus
of heavy stuff is easily created. The
rascally retailer is partly to blame, as
he is persistent in his determination
to exact lamb prices for mutton. All
last summer, when fat range sheep
were selling around Az cents. he pur-
sued this policy and the wholesaler who
naturally wants to effect clearance,
was powerless to induce him to change
it.