Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-17
SUPPLY CAUSES BUY.
Frs TO ACT BEARIsHLY AND
PRICES SAG 10 tt IS CENTS,
HOGS STEADY TO STRONG
WITH TOP PRICE $3.50
Even Packers Pay Strong Prices For
Better Sorts, Tho Packers and Mixed
About Steady-First Range Lambs Of
the Season Bring $7.25-Natives Sell
Strong at $500 and s7.25.

Chicago. July 17.-Cattle closed 10
and Is cents lower a liberal run
! caused buyers 20 act hearishy
Cattle feeders are getting scant en-
couragelnent from market action in the
face of grass shortage. hay scarcity
and a booming corn market. Cost of
production has increased. but the fat
cattle market refuses 70 follow. Supply
is but little heavier than a year ago
and the public is paying fully as much
for beef as a that time. but cattle on
the hoof are about $50 per cwt lower.
In past week declines OF 2o0 soc per
cwl have occurred. measured from the
high point a week ago, and this is
likely 10 prove an incentive TO liquidate
as with parched pastures many feeders
are compelled to buy hay, which is
selling a prohihitive cost. Few new
cattle are going on feed. and If iquida-
ton continues unchecked, scarcity dur
ing the winter Will be inevitable, as
packers will be able to put away little
western grass beef in their coolers this
season.
Hogs.
Hogs closed steady 10 strong. Good
hogs sold well at outse, TO shippers and
scalpers and even packers paid strong
prices later for better sorts tho packing
and mixed sorts We're no better than
steady. The top was $3.50.
Hogs are coming 10 market more
mixed and badly mixed at that, Mis-
souri, river markets are full Of skins.
Dry weather is responsible and as the
country has plenty of young hogs. the
surplus is being reduced without COM
Function. Last year grain was good
in most sections. hog prices were at
tractive and there was in6ucewent 70
feed out; this season grain is the ex
ception, there is audible threat in pack
ing circles Of a lower market next win
Ter and the country is in a mood 10
reduce feeding operations. 1t means
decreased lard yields and is calculated
20 upset the predictions OF Prophet
Cudahy. of Milwaukee. Continued
liquidation Of thin sows and young hogs
will mean lower summer prices for
packing stuff but will probably not af-
eact values OF corn-fed hogs fl, for the
shipping outlet II always falls to the
much Of it is thrown at them they Will
guy il lower.
Sheep.
wear sold at s7.25. Natives were stron g
and sold a, 500 and 1925 for prime
sorts but common stuff was low. Sheep
were steady.
Trade has been badly clogged with
The inferior TO fair light lambs since
Early last week. and during the last
half the burden OF such was SO heavy
hat statesmen were compelled to reduce
prices fully SOC below the level Of sales
late the week before to effect the sale
of the little stuff. Many have gone
down 10 So q $50 that would have made
s3.50I4 The previous week. and some
little tail-end lots have had 20 go down
AZ $3.50. while the lambs that sold at
s4I450 were a class that would have
gone at &c $50 here less than q fort
night ago. All buyers declare they
have been overloaded with little
"stringy' carcasses that result from the
slaughter of these inferior ligh, am bs
and that the movement of such toward
market mus, be held in check or even
worse conditions viii prevail.
Trade In the few good TO choice
western wethers and yearlings that
have landed here the last week has been
very satisfactory. with sales OF wethe-s
AZ s4.55 n 5.25 the latter price for cut
. Of eighty head Of prime Oregon range
wethers FOR export. and sales Of year
iings have ranged al s5@5.2o, some big
choice Washington yearlings avera ging
up TO los lbs sailing at the latter figure.
Heavy native ewes are 50d65c under
prices paid here at nigh time TWO weeks
ago, and the handy ewes are slower
sale than at that time and also 15G csc
! lower while prices for breeding ewes
are holding about steady at 1915 q 4.25
for the bulk. and fancy class Of year
ling ewes quotable up 10 $3.50.