Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-26
LIBERAL SUPPLY
STEER PRICES SLUMP
MAND AND PRICES RECEDE
MATERIALLY.
DEMAND CONTINUES FOR
STEERS OF GOOD GRADE
Best Bring $3.50 to S6.65-Hoes to
10 Cents Lower, Big Killers Getting
Some at S6.25, With Good Butchers
Selling Up to s6.4o-lambs Lower
With Top at S6.85.

Chicago, June a6-Lberal supplies
today caused a slump in the price OF
steers. Choice grades called for bids Of
&c. 06.G5.
With receipts for the past Week the
largest in four months. and prospects
sor the immediate future promissory of
continued liberal marketing of plain
and medium. habitat grassy cattle. no
Very extensive trade analysis is needed
TO explain the weakness and down.
ward tendency OF prices of steers SELL
! ing at 1915 and lower. The reason for
the strength in the market for good to
choice steers is just AS evident, prac-
tically every one in the trade being of
one opinion-that the possibility OF
scarcity OF prime cattle in the near
future is responsible for the urgency
If the packer and shipper demand for
high dressing stock.
Highest price touched since April l.
wa paid last Wednesday. when two
loads Of prime heeves averaging around
1900 pounds sold at $50. Several
loads OF fancy yearlings reached 500
after the first two days, and it was be-
lievel that thu weeks high price Of
! $50 would have been reached again
Thursday and Friday il the right class
Of stock had shown up. These steers
and all Others selling al s625 and high
er We're easily 10 cents up for the week.
while $500 q $50 grades were on a firm
I basis
Medium grades OF handy weight
steers and the fai" % good strong
weights at s5.75G $50 were not better
than steady with the close previous
I
down from 1915 were easily 10m15
cents lower and the common low-bred
grassers selling down to 1925 and low
er showed even more decline in spots
All steers Of sho-t-fed class ard prac-
-ically all grassers were selling a low
er prices than az any previous time this
year. Dtstillery-fed steers did a good
stunt last week and sold up to $3.50
G.35 for the best. while cake-fed Texans
reached a new high mark for the year
at $500. and CRASHED Texans sold
down 20 s445.
Local receipts for the week were
placed a. $500 head. being the largest
since last February. They compared
with arrivals OF 1859 head the proceed
ing v~ek. 57.e1s head a year ago and
3S.212 TWO years ago. Shippers bought
their full share of the arrivals, taking
% 500, against 1884 the preceding
week and 20.s61 a year ago. but they
confined their operations largely 10
steers valued; al $500 and better Six
western markets had l53 200 cattle eor
the week. against 155.5O0 the preceding
week and 10 500 a year ago, failing 10
-etlect the increase Of nearly 5000 head
at Chicago alone and indicating that
the Missouri markets were not receiv-
ing their ful! share OF the foundations
from the feed lots that was noted here.
Kansas City last week had $4,000 cattle,
agains, 900 week previous and IS
900 a year ago. Omaha received 1900
head. against 5000 The previous week
and 1900 a year ago.
Hogs.
Hogs opened > 70 10 cents lower Big
killers secured 4 few h.rs at s6o5 and
I'D to $40 for good butchers
4 representative Of a Canadian live
stock handling concern has been in