Evening times-Republican., 1911-07-14
TOO MANY LEFT OVER FROM
THURSDAY AND PRICES De.
CLINE 10 CENTS.
CATTLE OFFERINGS MEAGER
AND QUALITY POOR
Prices Are Nominal - Best Lambs
Steady to Strong With Slow Market
for Undersrade Sorts-Review Of
Market Conditions and Current Quo
tations.

Chicago, July 14.-With 1900 hogs
left over from yesterday and today 5
receipts $4,000 the supply was too
heavy and prices declined 10 cents
from the best ,ilne Of yesterday.
ScalperS and packers both acted bear
ishly.
Combined receipts of hogs at eleven
! markets Thursday totaled $500. or TO-
600 less than 4 week ago, 14,500 more
than 2 year ago and $500 more than
corresponding Thursday two years ago.
Chicago received 1000 more than week
and year ago. Kansas City had 6.o0o
less than Week ago and 5000 more than
year ago. Omaha had 1900 less than
week ago and 500 more than year ago.
ST. Louis had 500 less than week ago
and 1000 more than year ago. ST. Jo-
seph had 1000 less than week ago and
800 more than year ago Sioux City
had 1000 less than year ago and 500
more than year ago. Total thus far
this week 3sl 900, or $1,000 more than
same time last week, 10000 more than
like period last year and $4,000 more
than corresponding four days two years
ago Total for 1911 10 date, l3,5SS, 600.
or 3,1S.,Q00 more than same period
1910 and sos 900 more than correspond
| ing time 1909
Cattle.
Cattle We're steady with prices nomi-
nal. Offerings were neager and quail
:ty poor.
| Cattle feeders are facing PROPOSE
ton which is both interesting from
! profit standpoint and also has more or
less OF q risky aspect. The thin stuff
available at markets now can be had
at low prices, but as an offset to this
! CT, 81 re ch nS
grass and uncertainty regarding corn
crop outcome makes buying Of thin
cattle somewhat OF a gamble even at
the low prices current. A few more
good rains over the corn belt would
7! decide ,he question for feeders. Grass
would be given some little stimulus to-
| ward renewed growth. There would be
! a better prospect for fail feed. and cat
/! tie bought at current low prices would
! then look we'll worth the money laid
| down in the pasture.
Now, even tho the market price is
low, there is considerable hesitancy on
feeders part, but the old adage, He
| who ilesitatesis lost" might apply here.
The country is not going to the denni-
ton bow-wows right off. While the
feed situation Is perplexing in some
quarters 1t is not the case generally.
The west and southwest, having had
rains recently, has quit excessive Ii
cuidarion of thin stuff and it only re-
1ains for a few good rains TO fail in
Missouri. Iowa, Illinois and Indiana to
insure a considerably broader demand
/ for feeding cattle and at the same time
! boost the cost OF this class Of steers.
1t is now good time to buy il the
! prospective buyer has suff:cien,
quantity Of feed at hand. Otherwise
it's a gamble on the future feed pros
] pect, and the prudent feeder is not
| gambler enough 10 go against a propo-
! s:t.or which does not look attractive
10 him.
While some sections Of the west are
in better shape for holding cattle than
was the case short time ago, there
are other quarters where stock water
as well as pastures are so short that
feeders are forced 10 liqu!date. This is
true Of certain parts Of northwes tern
Missouri. az evidenced by some big
shipments Of immature steers from that
quarter this week. which We're put on
feed only a short time ago. and the
prices some of them brought here did
not pay out first cost. Such a situa-
ton IS indeed distressing TO the feeder.
buC fortunately good rains in most sec
-lOIlS Oi liie 'l.SSOQII river states re-
Gently have stalled off general liqu!da-
lion, alth1 the pastures are still in
quite poor condition and unless more
moisture is had soon a recurrence Of
big western and southwestern cattle
movement is likely
Chicago receipts in four days this
week stand $500 against 30,502 in
three business days week ago and 54,-
3s7 a year ago. This supply, in face Of
the weaker demand for beef, has been
| a severe strain on the trade, and the
sharply lower general price basis Is
thus not a surprise nor inconsistent.
| Market is especially bad for the $500
| n 80 cattle. and those up to $500, That
! kind comes in competition with grass
ard cake-fed Texans and the killers are
! showing partiality TO the latter grades
! for reason that they are killing out rel
atively cheapest beef
Sheep.
Lambs were steady to strong, with
-, top Of s7-25 for prime and slow market
| for undergrade sorts.
The country owner has no idea how
fair looking class Of light lambs is
neglected here now with no bids higher
lnan 81 and many punches of inferior
and thin light lambs have to sell in
straight original packages at 5000
| $50 or submit TO a very severe sort if
! the top end is landed at s5.25 $50, the
culis 10 sell at SO or under
| OF the run estimated at 5000 head
Thursday, close to 1000 head came
direct to killers, but the equality Of
| the southern lambs is running down to
an extent that there is some pressure in
the demand for the best natives
A shipment Of Idaho range lambs is
on the way for the trade here next
week. They are said to be good in
quality. This may dull the edge Of the
native lamb market some II they show
sufficient finish.
Chicago Livestock.