Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-23
MARKET LOSES ITS EARLY
STRENGTH BECAUSE OF lNAc.
TIVlTY OF BIDDERS.
SCALPERS PAY HIGHEST
PRICE IN TWO MONTHS
Choice Steers Strong But Few in
Nun'ber-butcher Cattle Weak
Choice Lambs Hold Place at 81
Common Sorts Drag-Current Quo
tations at Market Centers.

Chicago. June %. - Hogs showed
strength on speculative demand. but
packers refused to take hold early, and
prices weakened near the finish. Scalp
ers paid as high as $3.50, the highest
price paid in more than two months
Before the close packers We're able to
buy common sorts at prices cents
lower
Traders are at a loss to account for
the sudden dropping off in hog receipts
here this week after the liberal runs
everywhere last week Local supply
thus far this week footed around 10O,-
600 or approximately $1,000 less than
same period last week and even 1000
less than year ago. when famine sup
plies We're nothing unusual. Many
We're Of the opinion tina, hot weather
vas responsible for the shortage. as
shippers did not care to take chances in
hauling hogs to loading stations
Combined receipts Of hogs a eleven
markets yesterday totaled $4,000, or H.,
zoo less than week ago, $500 less than a
year ago and 22,200 more than CORE
spending Thursday two years ago. Chi
cago received 1000 less than week ago
and 5000 less than year ago. Kansas
City had 5000 less than week ago and
1000 more than year ago. Omaha had
900 more than week ago and 500 less
than year ago. st. Louis had 1000 less
than week ago and 1000 more than
year ago. St. Joseph had $500 less than
week ago and $500 less than year ago.
Sioux City had $500 more than week
ago and $500 more than year ago.
Total thus far this week 1928 900. or
o,G56,C0O more than same period 1910,
and 125, coo less than corresponding
time 1909.
Cattle.
Choice steers were strong. Just a
sprinkling OF choice steers was on the
market, one load reaching $3.50. Butch
er stuff was weak.
n Iowa, South Dakota, Missouri and
parts Of Illinois, the dry weather and
short grass is becoming more of seri
GUS question each day, while south
western states, too. are up against a
bad proposition affecting feed. Prema-
ture marketing Of grassers appears GER
tain to develop within the next few
weeks, and the first big jag Of this
stuff is likely to come soon if rain is
not had.
In northwestern Iowa and also in
some sections Of Illinois where the
scarcity Of rain has put feeders in a
sore plight a lot OF short oats are being
cut and fed 10 cattle. Hay crop is ad-
nitted to be short all over the country.
and this puts the feeders in bad way
to carry thin stuff. Some OF these
days remarked a central Illinois feed
er, "cattlemen in many sections OF this
state, and also in Iowa, win cut loose
a run of shin stuff which Will make the
trade realize the fec dpredicament were
in just now. unless there are some good
rains shortly. Heavy rains, however,
viii not help many pastures, since the
grass is about all gone now, and It Will
be fall before pastures will picl. up"
This bearish outlook affects only the
common and medium steers. In trade
for choice stuff the situation is not
precarious To the contrary, there ap-
pears TO Indication that the country
holds any more than enough Of the
best steers 70 fill demand. Supply Of
that kind this week has comprised a
fairly liberal quota Of the run, but
within the next two or three weeks, II
present outlook IS TO he relied upon, the
choice grades are going to run cOnsid-
ably shy Of present volume and the
trade IS banking on q still wider breach
between values for such kinds and
those Of mediocre grade.
Sheep.
Choice lambs held their old place at
500 ard prime sheep We're about
steady. but common sorts dragged.