Evening times-Republican., 1911-06-12
BULK OF OFFERINGS TAKEN At
PRICES RANGING FROM
Sc TO $3.50.
HOGS AVERAGE SLIGHTLY
LOWER THAN ON SATURDAY
Trade Quite Active at Deeline-Little
Activity in Sheep and Lamb Trade
Prices Forced Down a Fraction
Current Quotations and Review Of
Market Conditions.

Chicago June 12.-Good steers today
held as high a. $3.50. but most sales
We're S6.00@6.25
Last weeks marketings stand 46,300
against 49,772 previous week and 49,
$40 a year ago. while, in spite Of the
decrease in arrivals outward movement
has been heavier. totaling 21,lO0 or
5000 more than week ago. This has
been due in 10 small measure to the
fact that the eastern feeders are nun
ming shy OF finished steers, thus neces-
stating eastern slaughterers looking
this way for fat beeveS. Exporters did
not get as many cattle III Canada as
they wanted, and had to send this way
for a liberal supply in order to fill boat
space contracted for from Montreal.
while there were also a good many
Boston shipments shipments to go
abroad
Packers have bought conservatively.
since their demands for beef have not
expanded. Excessive heat has had a
restraining influence on beef demand.
and it was a fortunate circumstance
that the country marketed cattle con-
servatively.
Supply prospects for the present
week looks normal. a lot of grass fed
stuff is expected from short pasture
sections, where lack of rain is already
causing some worry among feeders, but
there Is no reason for shipping the stuff
off grass where it is doing well. Cattle
can make good weights up to the time
flies become too much Of an annoyance.
and where feeders are in shape to carry
the light-weiehts in pasture the advice
Of local traders is to hang onto them.
altho there is no general argument IA
vorIrg the holding back Of well-condi-
toned steers which are ready for mar
ket.
That kind, it is expected, will bring
a reasonably good price. The values
for finished kinds should work still
higher in the next few weeks. but
strong boosts will depend entirely upon
short supplies Of such grades. at least
until the distil!ery fed steers are pretty
we'll in.
Hogs average a little lower than at
the previous session. Trade was active
at the decline.
Packers for the past week have been
apparently hog hungry. 1t made little
difference how many were thrown at
them they bought. Little haggling is
done and good clearances are the rule.
This disposition to take the crop right
along has discredited bear prognostica-
lion to large extent, altho Patrick
Cudahy. the Milwaukee forecaster, ne
elects no opportunity to reiterate his
!; cent forecast. Provision stock fig cures
are reassuring. indicating that product
3 being r1erchardsed and there is no
relaxation Of export demand. Middle
men, believing that bottom has been
struck. have been stocking up and
southern trade in cured meats has
broadened appreciably. Packers are
not complaining of hurdensome stocks
and at current prices they will need
hogs right along. The secret of market
activity is that hogs are cutting up
protitably.
Sheep.
Sheep and lambs did not show much
activity, and prices were forced down
a fraction.
II has been case Of a badly over
supplied market a very sluggish dress
ed trade on heavy mutton carcaSses
and a food Of grassy stuff Of mediocre
quality here and az other markets.
Chicago receipts for the past week foot
up the enormous June week total of
about 1O4 900, a gain Of $4,000 over
like period last week and 10000 more
| than year ago. Five leading west
ern markets have received about 21O.-
500 which is 21,900 more than pre-
vious week and 76,500 more than the
same week last year. OF the local sup
| ply close 10 $4,000 head We're direct
| to packers, consisting almost exclusive
/ ly of Southern spring lambs from the
Ohio river markets and st Louis. They
are coming good and their presence IN
! such quantities easily accounts for the
| demoralized condition of the trade on
! trashy and medium grades of native
stuff coming while the consuming pub
| tic is tabOOing heavy mutton meat in
a manner that is thoroughly demoral-
| iZinC that market.