Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-05-04
CATTLE WE'RE SLOW BUT SELL
ERs ABLE TO HOLD STEERS
TO MONDAYS LEVELS.
OFFERINGS OF SECOND HAND
BUTCHERS HAD BAD EFFECT
Hogs Were Active and 10 Higher,
Average Prices Up to Close Being
That Much Better Than Previous
Day-shsep and Lambs Uneven, Lat
ter 10 to 20 Lower.

Chicago, May 4.-Cattle were slow
but on steers the sellers were able tt
hold the market to about Mondays
levels, Butcher cattle were weak anc
the offerings of secondhand stuff hac
a bad effect on the market.
The east is giving the trade rather
less than its usual quota of orders
and this has thrown the situation pref
ty we'll into packers hands, and tina
the latter forces are playing their ad.
vantage as hard as possible is not sur
prising.
This weeks badly shattered price
basis has been f~orecasted by the trad
ers. who feared that continued lib
eral receipts would force some serious
declines after last weeks bad market
but it is evident that the feeders have
been in a mood to liquidate. and with
the country shippers forced to take
cattle for which they had contracted
for May l delivery, the supplies were
| piled too high.
Things will not improve in beef trade
until marketings are more in keeping
with beef demands, n some of the
liberal surplus beef stocks are trim
med down to norma.
Outlook for later this week favors
light receipts but only short market
ings will be needed. Three roads re-
ported 425 cars in sight for the We'd
nesday market, which the trade took
to mean a supply Of $4,000 to $4,000,
but the former volume will likely
meet a better proportion. A week ago
many cattle We're sent for, but today
the wires were not heated with out
going messages of cheer.
Since the market has gone down
sharply all around compared with re-
cent high levels, and the choice steers
have caught heir quota of the drop,
traders say thta feeders who have
five or six loads of choice heavy beeves
ready for market would fare better by
cutting these up into two or three
shipments rather than sending them
to market on one day.
Hogs.
Hogs were active n generally III
cents higher, average prices even up
to the close being 10 cents better than
on the previous day.
Hogs.
The talent is not expecting a heavy
run the rest of the week, as the coun-
try is busy either with actual corn
planting or in preparation for it and
the break Monday was calculated to
curtail the movement. The two-day
supply here this week is 5000 more
than last week. but 10000 less than a
year ago, while the V principal
western markets report but 10000 in
two days, against $4,000 a year ago.
At these points Tuesday there were
about 100000 hogs. against $4,000 last
week and $1,000 a year ago.
On the corresponding day last year
s7.45 was the top n s7.25@7.35 took
a large slice of the crop. Two years
ago $3.50 was the limit and 5000
so bought a large slice of the crop.
Receipts in four months at the five
principal western markets are approx,
mately ALSO, 900, against 6,47e,O0O last
ear a decrease of 1,999,0O0. April
receipts were 100000, against 1870
last year.
Sheep.
Sheep and lambs were Uneven.
Sheep showed little change, but med
ium and undergrade sorts of lambs
were weak and ranged all the way
from 10 cents to % cents lower.