Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-08-05
HOGS SELL LOVER
AFTER STRONG START
PACKERS STAY OUT OF EARLY
MARKET AND FORCE CENT
DECLINE ALL AROUND.
TAKE OFFERINGS At S7.15
REGARDLESS OF QUALITY
Cattle Receipts insufficient to Make a
Market. Al.ho Quotations Are
Steady - Sheep and Lambs Steady
Review OF the Market Condi-
tons.

| Chicago, Aug 5.-HogS opened strong
but closed weak ard 5 cents lower than
I The opening. Packers took no active
part in the initial dealings. They came
in later and bid Sis. regardless o.
qua lily
-Altho light receipts of hogs are
seasonable for this time of the year
August and September being months
Wien receipts usually make small ag-
sregates. the fact that arrivals here the
last Few days nave fallen far short Of
expectations indicates that the coun-
Try is either too bullish to let so OF its
hogs now or else hasn't got the hogs
TO let go Many in the trade are of the
opinion that the country has only 4
limited supply of marketable hogs left
and that short receipts will continue
to ne the rule for at least another six
weeks. They believe that the winter
hogs will come forward at an earlier
da.e than usual. however. and that
producers will rush the fattening OF
their stock sufficiently to have hogs
here in December, which ordinarily
would not get here until January or
later
Combined receipts of hogs at eleven
markets yesterday totaled $1,000, or
100 less than week ago. 400 more
han year ago ana 1900 more than
two years ago. Chicago had same
number as a week ago and 1000 less
than year ago Kansas City received
only 1000. or 1000 less than week
60 and 2,5o0 less than 3 year ago.
Omaha received goo more than n week
go and 100 less than year ago. The
first FIVE days of this week eleven
markets received So 600 or 5000 less
than a week ago and $4,000 less than
a year ago.
There was no cutie market, With
gu Citations steady
Scarcity of choice to prime steers.
com prising the S6.I5 and higher valued
kinds this week. coupled with keen
,packer and shipper demand, has put
values higher than a week ago. a gem
cral l0M15 cents gain being noted in
prices for such classes as compared
with a week ago. and the trade is en-
pertaining no fears lest the market be
overloaded with top-quality lots in the
near future and price reaction set in.
The choicest grades are now selling
largely sl00 higher than low time in
May, and while hardly more than $50
So cents gain IS shown for the common
and plain steers, the top kinds having
thus been forced up nearer to their
relative selling level. which means that
quality is coming into its own.
Six markets receipts have been 49,
900 heavier this week than last in spite
OF a decrease OF 1000 in narketings at
Chicago as compared with week ago,
The increase west comprised large, $
Texas and cheap priced cattle out o.
western pastures, tho northwestern
range. runs west. as was the case at
Chicago. have been short and promise
TO continue so during the balance OF
his month.
In many sections Of the or-hwestern
range country grass conditions are bet
ter now than for several weeks pas t
and the rangenen who admittedly Will
1ave a short crop 70 market this sea-
SON are wont to make the best beef
possible with the material at hand and
thus have resolved to hold onto their
steers longer than usual. 1t will be
September at least before the rang
runs amount 70 any considera bic vol
llme according TO general reports at
this end of the line, and if these be
rue. and they are generally accepted az
so. the trade need not fear that cheap
and medium priced steers are going to
meet any especially unfavorable packer
reception.
Naturally they have gone lower this
week. for reason that conditions favor
la; ,,y.;c Of =?
receipts west. but the decline has not
measured up 10 the big gains made for
that kind in the two weeks previous
ana the S5.50M6.25 grass-fed stuff is
still bringing relatively good prices and
meets a fairly good general demand II
* coming chiefly from the packers, al
Tho there is a decent eastern call for
il as WE'LL
Sheep.
Sheep and lambs We're steady.
Native sheep have been in small
supply late this week and sales OF
good fat ewes were 10015c higher thar
could have been made at low time
early in the week. choIce 1h7 pound
eyes selling at $3.50 and some prime
heavy ewes at the same figure, the
s325 is about the limit for heavy ewes
: !Htl any CD.ISIutFdDie UullDcT art
| here.
; Western wethers and yearlings took
! a Very hard slump during the first
! half the week and have not recov-
! cred, prices showing 30Gl40 lower fol-
! the bulk than could have been made
one week go. Omaha trade was bad
II cloggad about mid week and prices
there were forced down to 1895 fol-
a choice fat class Of range wethers
and the good yearling that sold here
recently at $50 and Wethers at $3.50
were of 2 class that would have landed
close 20 40c above such prices late las
week.
! Breeding ewes have taken a littl,
rise from the low prices forced her.
early this week the best quotable nov
up to 1925 again and bulk at 1915
40. but such prices are still 10915t
lower than breeding stun sold ten day,
ago.
Chicago Livestock.
| Chicago. Aug. Observation-Disclosures
| receipta for today poo. mn rkef oponaf