Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-03
HOG MARKET Wild,
PRICES GO SOARING
PRICES EARLY Is TO IS CENTS
HIGHER, BUT LATER LOSE
PART OF GAIN.
PACKERS NOT IN MARKET
@ BECAUSE OF HOLIDAY
Early Buying Of Cattle is to 25 Cents
Higher for Steers, and 10 to IS Cents
Up for cows-Prtme Cattle Top at
$3.50, Highest Mark Of Season
Sheep and Lambs About Steady.

Chicago, July 3.-The grain board
was not in session today, Adjournment
having been taken from Saturday until
Wednesday because Of the national hol-
iday on Tuesday.
Chicago, July 3.-Early hog marIe;
was wildly excited. - and % cents
higher. but packers did not follow the
advances. as they do not kill Tuesday
The hogs. which sold at $500 early
dropped to $3.50 and $685. before the
finish.
Only logical explanation for the eX-
cellent demand in hog trade just now is
the fact that consumers seem 10 re-
quire d normal amount of pork meats
and the price does not bother them.
Packers are buying hogs at prices %
to 80 cents higher than few days ago,
and there Is no Immediate sign OF re-
cession in values. Weather is too hot
to tempt the producers TO ship heavily
and run chances Of landing a lot OF
dead hogs at market. For this reason
the expectancy is for only moderate
receipts In the near future. Too there
are other reasons why the trade does
not look for big receipts one of them
being the enthusia SIN in many sections
where the feeders who have thrifty
young hogs are content TO keep right
on making weight and let the market
take care of itself as best it may.
a
$500 prognosticators in the trade, but
still 800 hogs in the near future are
not beyond the range Of possibility. The
consumers willingness to pay higher
retail prices will govern market action
to some extent, and the consumer can
quit in q hurry when he makes up his
mind commodity is costing too nigh.
Cattle.
Buying in the cattle market was done
early at gains Of Is to % cents on
steers and 10 to Is cents on cows Heif-
era also were boosted IS 10 % cents.
Prime cattle topped at $500. the best of
the season so far.
1t ia case where the widest price
spread Of the year is in force, but that
there will be still wider ranges shown
later this summer is the strong belief
Of traders. since the country is known
to hold a. considerable crop Of imma-
ture stuff now on grass, and It will be
moved as freely as conditions warra n t.
thus making unstable any predictions
that this kind will meet much better
killer favor.
The native grassers will likely keep
string!ng in freely all this month and
before many weeks have passed the
first arrivals of northwestern range
cattle will have hit market. Altho the
prospect is for a shorter crop Of west
ern rangers than last year the good
grass in the northwest now makes it
certain that early season arrivals OF
westerns will be of quite liberal volume
and that shortage from last year will
hardly show up until the season is we'll
advanced.
Stillers have been in RAJ Their light sup
ply the past week and had an excellent
demand. Packers were keen for them
since they are making good weights
now. and altho current prices for slop-
pers are 351 30 cents higher than low
time a few weeks ago. the prospect is
for still higher rates and slop feeders
are holding a considerable crop back
in expectancy Of making money enough
on them to offset losses on the stuff
Yearling corn-fed steers have been
good in quality and none too numerous.
This class always gets a right good cal,
in summer and nothing has been wrong
with demand heretofore this season, the
chief complaint being against price but
the values are working UP and expec-
fancy is for still better prices for fin
tshed grades.
AS regards grassers. the situation af-
tecting these has been portrayed nu-
merous times lately. 1t is q season
when grass beef is going to be plentiful
enough to fill ali the demands and the
trade is figuring that while current
prices for this stuff are comparatively
low, they will prove best to be had for
some time ahead.
Beef demand Is moderately good II
is evidenced by the freedom with which
killers dispose Of the general crop. but
the public Is not in a m GOD to pay much
higher retail prices and extent OF SELL
ers' ability to boost prime steers will
depend to great measure upon the
public's willingness to pay a premium
for high costing quality beef.
Sheep.
Sheep and lambs were about steady
Prime lambs touched $40.
since last NJ ONGdy advances nave
peen scored on all classes. the spring
lambs jumping from s6S5 on Monday
to 1856 on Thursday and closing al
$3.50. Quality of Kentucky and Tes-
nessee lambs is gradually becoming
poorer and traders do not look for
further advances Higher prices this
week are attributed largely to it be-
ing Fourth Of July market.
Range stuff Is expected to move more
freely the coming week and prices may
work to q lower level. So far quality
OF western stuff has not been up to
last years standard, owing to dry
weather conditions, and much of it
has been held back on that account.
Chicago Livestock.
Chicago. July 3-Cattle-Estimate
receipts for today. $4,000: market
opened 10 cents higher.
Beeves ... ............. 4.75@685
rexos sfeers 49, 46OM IL