Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-15

Chica go, July 15.-Hogs closed with
top of $3.50. prices being steady at Fri
days levels.
An ultmatum was issued by the big
packers regarding hog cost. They an
nounced a willingness to sit in at the
game on a basis Of steady prices, but
refused to follow any appreciation
Spectators took their cue from a
light run and inferior quality to work
prices up anywhere from so 15c and
found themselves with lot Of hogs on
their hands that could not be sold at
first cost in consequence. Some of the
big packing concerns laid out of the
market entirely; others were contented
with handful. but only in a few in
stances did packers pay more money
Their argument is that current hog
prices are out Of line with futures; and
that cash trade is dull. Spectators be-
lieve that supply and demand condi-
while the packers policy is to buy
every thing as near one price as pos
sible Quality is still deteriorating.
Cattle.
Cattle We're nominally unchanged
Receipts were sufficient to make a
market.
At six markets supply this week
stands 4O00 against $4,000 a week
ago and $4,000 a year ago, Western
markets have received proportionatel;
smaller supplies than Chicago, the rea-
son being a little improved pasture sit
uation west and southwest as result OF
rains last week However. there are
some spots OF the west which are still
dry and stock water is short. This has
necessitated some liberal shipments Of
immature steers to Chicago, some OF
which have brought prices hardly bet
ter than feeder cost short time ago.
Falling off in export demand this
week has been a factor in lowering
prices for the kinds that usually 60
into export channels. Markets abroad
have not been in such shape as to en-
courage liberal shipments, and while
the exporters were after. few loads
of strictly good steers which cost
around s6.2546,35, the s5.9oG615 dele
fgation for export was notably short as
compared with last week, and these,
being peddled out to packers. found
bad market in face Of the poor shipper
com petition.
The trade has been literally flooded
with cheaper priced, warmed-up and
grass-fed stuff, which has landed at
s525@57O, and that kind have been the
worst sellers all along the line. Pack
ers had Il generous crop Of Texans at
other markets. which have been direct
com petitors against the cheaper priced
natives, and since the Texas cattle kill
out cheape beef they naturally have
had partially from buyers
Even the stillers are hitting lower
prices, altho a few prime Shoppers at
1913 this week do not show decline,
that price being equal to high point
previously this year for distillery
beeves. Thursday sales Of Shoppers at
sG.4o@6.55, however, were 10 cents
lower than Wednesday,, and that much
lower than week ago.
What next week will bring forth Is a
question Of considerable conjecture. A
few good showers over the country
might stop the rush of immature cattle
10 market, but it is likely that a good
many Of these will continue to come
forward unless rains are had, for rea-
son that pastures in many sections are
drying up again and cattle owners are
showing a little tendency to become
nervous over the immedi ia te future. 1t
the trade needs mos. as a price stimu-
liant is a shut-off Of big runs of imma-
ture steers and a little hardening Of
the demand for that kind. Unless this
materlalizes still lower prices for the
1000 To 1900 pound plain. medium and
warnaed-up grades appear inevitable.
Top this week at $500 stands cents
below high point last week and COM
pares with $500 a year ago, but since
there have been com paratively few
steers above $6.25 in the last two days,
it is largely q nominal trade for that
kind, but the prices available are easily
several points lower than early this
week. as indicated by bids for some
choce cattle on Thursday at $1,000
G.65 which were of the same grade that
| made $3.50 on Wednesday.
Sheep.
Sheep and lambs We're steady. One
lot sold at 1920.
There is abundant explanation of the
dem oralized condition Of live mutton
trade during the first half of the year
! in supply figures. Early in 1910 when
several consignments of Australian
frozen mutton We're sold in New York
some trade wise guys" predicted con-
tinuance Of that trade, but domestic
production this year has shown such an
/ increase as 70 make exports possible
During the half year Chicago's receipts
Of sheep and lambs increased 80 per
| cent over last year. At st. Louis the
gain was s5 per cent Kansas City %
| per cent, Omaha 10 per cent and St.
Joseph AZ per cent. But next years
crop will show serious decreases, as
feeders have not forgotten losses sus-
tanned during the season just closed,
and the hardest thing to sell at present
| is bunch of stock sheep.
| Sheep at six western markets Friday
| totaled $4,000, against $500 a week
go. 10000 a year ago and 10000 cor
responding Friday two years ago. To-
tails thus far this week 2o2, 900, or 1000
more than same time last week, 5000
more than like period last year and
$1,000 more than corresponding five
days two years ago.
| Advices are here Of Idaho range
lambs Of good to choice class on the
way, which should land here for Mon
days market, and with the edge on
trade for good lambs here late this
week, buyers should accord them a
warm welcome.
| Chicago Livestock.
Chicago, July 15.-Cattle-Estima