Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-07-10
BIDDERS REFUSE TO TAKE HOLD
EXCEPT AT REDUCTIONS
CHOICE GOOD SELLERS.
HOGS STEADY AT OU1SET;
PACKERS FORCE REACTION
Later Sales Made at Reductions Of to
10 Cents-Packers Get Supplies at
$3.50 and s6.55-choice Native Lambs
Steady But Common Sorts Drag
Current Quotations.

Chicago, july 1u.-lHOlce cdItlS were
good sellers al fully Steady prices, but
The common and grassy sorts had 10
suffer price cuts before buyers would
take hold OF them. Top sorts touched
s..
Conditions are likened to the demon
aliza-ion of feed situation ten years
ago. which eventually resulted in abb
normally high prices the year follow
ing, when there was distinct supply
shortage, and opinion prevails now tina.
continuance Of Grouth viii mean q
short fail and winter crop OF fat beeves
ana higher prices than now prevail!
Feeder buyers IN the west are refusing
to go against the cattle, even at the
very low prices they are worth. and It
is almost as bad here. since the mar
ker this week has been in se.ni-de-
noralized condition. with prices rang
ing back close to low levels Of two
weeks ego.
CatGemen IN the southwest are
cashing their holdings speedily TO get
them out Of dry pastures. These steers
are killing out at cheap cost, and
the packer prejudice in their favor is
bound 10 continue for some time, to
the detriment Of lower-grade native
! steer values.
uarion is in deep contrast to that
shown for medium and lower selling
grades Only enough of the choice
ones are coming to ill demands, and
+; the keen call for prime quality was
f! wei evidenced this week by the sale
I d All pound steers at S..g5 on Wed
| nes0ay. while other heavy and yearling
/ beeves made Sc 90. Top was as high
as anything sold s!lice March 6 A
.ot Of $500 $50 business was tran
sacted at $500 50 for maru-ed
; beeves Of heavy ard light weight. ex-
f. porters paying up 10 $3.50. while bulk
! Of good dressed beef and shipping
steers sold at s60eG64o and a long
lig1- OF medium stuff cleared at s5.10T
$50, with the plain 10 fair grasse-s
and warnled-up light killers al S5.35@
So Packers got lot OF 800 10 1000
pound steers q $500 G5.25, kinds feed
er buyers would not take at the prices,
and also bought light. poor grade
grassy killing steers down to s4,15 and
lower.
Hogs.
Hogs were steady at the outset but
packers brought about q reaction OF
and 10 cents. getting their hogs gen
orally within the narrow range Of $3.50
10 s5.55 The top was $3.50.
More grass widows" have been de-
1acteG II the hog run lately. Buyers
are naturally Discriminating against
them, but killers needs have been so
urgent that they have been compelled
TO take everything, consequently the
spread between this stuff and prime
, shipping grades has not widened as
rapidly as expected. Country shippers,
however. viii do well to read the hand
writing on the market wall and buy
sctrictly packing stuff considerably IN
der corn-fed hogs as the presence of
very little Of il On the market creates
urDopUle~ity ard gives buyers lever
age The thin SOW IS a weak PROPOSE
ton and without grass plenty OF that
kind Of stuff may re expected. Pack
ers want lard-yie!ding hogs and their
evident determination is to create
sufficiently vide spread TO justify feed
ing OFT. Thin packing stuff is liable
10 get 80 cent bump at any moment.
Receipts Of hogs at the Chicago stock
Yards last week, $500, or $500 less
than previous week and $4,000 more
thar q year ago. Estimated average
weight for the week, 225 pounds. or
same as previous week. nine pounds
lighter than year ago and ten pounds
heavier than two years ago. Average
price the week, 1854, standing 81 cents
higher than previous week and high
est since the week ending March %.
Average year ago, 500; two years
ago, $7.Sa. and three years ago, s5.49
Combined receipts Of hogs a eleven
markets totaled $4,000, or 1900 less
than previous week and $4,000 more
than corresponding week year ago.
Total at eleven points for 1911 10 date.
/. POI coo, or 3,oS7.ooo more than year
ago. $4,000 more than two years ago
and 2,213.ooo less than record receipts
of three years ago.
Sheep.
Choice native lambs held steady but
common sorts dragged One lot of
choice sold at 81 Sheep were slow
with prices unchanged.
Sheep trade has about held its own
as compared with one week ago.
tho prices are off q ,ittle from best
time around the middle Of the week,
choice fat ewes still uuotable up to
s435W450 for the handy weights, and
largely a s4oo14.25 market for the
bulk Of the good ewes Of stronger
weight and palmer class. Breeding
ewes are bought in q very small way at
this time, some good Washington year
ling ewes having been taken on that
account here TIE las. week at s435, and
native breeding ewes selling mostly at
s400G 425, only an extra class OF year
ling ewes salabla as high as $3.50.
1t is the medium to good class Of
light lambs that has caught the Sc
we're punishments, as packers have
turned against the light lambs. paying
them no attention whatever when
: lambs averaging around seventy
. pounds can be found. They have been
forced by scarcity Of anything better to
; take on some of these light ones late
, last week, but have bought such lambs
as would have sold week ago at $3.50
: 67.0o down at s5.oo@5.50, showing a
full $3.50 drop for many such lambs.
I while the common little Gull lambs
which a week ago were selling at $500
; @45o, have been reduced to s30093.50.
The turn Of the market right at the
end last week with local packers COM
ing in for lambs again indicates fair
J demand for good to choice lambs at the