Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-28

prime hogs raised to $3.50. The market
lacked vim.
The five principal western markets
had around 1900 on Tuesday, few
less than last week and 5000 less than
year ago. The day run this
week at these points is approximately
$4,000, against $4,000 last week and
$4,000 a year ago. Kansas City re-
nortcd 100000. Omaha 10000, st. Louis
1900. and ST. Joseph $500. All Mis-
souri, river markets are receiving lot
OF light mixed stuff which is being
shipped owing to dry pastures.
Provision trade is watching the hog
run. Experts arc interested in the in
creasing proportion Of light stuff at
Kansas City, where the average weight
last week was fourteen pounds lighter
than a week ago. Continued dry wealth
or in Missouri river territory will rem
der mark eting OF light stuff imperative.
Cash trade is quieter than for sew
eral weeks past and lard exports show
disposition to taper off, but the out
put Of bacon continues enormous. There
are signs of a broad trade in January,
1872, speculative offerings.
Cattle.
Choice steers sold Well but there was
no demand for medium sorts. Good to
prime beeves We're quoted at $500 and
$50.
Bulk Of steers of value below $500
are on a basis 10015 cents lower than
the close last week and a lot Of the
cheap priced grassy cattle as we'll as
some warnled-up stuff is showing 35Gl
30 cents decline from ten days ago, this
class having had severe Texas cattle
competition recently and the ability of
packers 10 work It down In value is not
wondered at in view Of generous re-
ceipts Of that kind However, some
good rains over Illinois, Iowa and the
Dakotas in the past two days should
have tendency to stop active liGuida-
ton of that class Of goods and the
trade will welcome a slowing down in
marketings. since the killers have piled
up some surplus beef stocks In shape
Of cheap-priced grades recently and are
we'll in position to effect material fur
Their declines for the common and me-
dunn grades, unless the country re-
solves TO hang on to that class where
For weeks past a widening scale of
steer prices has been shown in markets,
tn direct result Of falling off in sup
plies of choice grades and increased
proportion OF imma ture steers in the
marketings. 1t IS a condition likely to
.Xist for some months ahead. The long
time fed stuff Is well out Of feed yards.
1t was a. game lot Of feeders VINO held
onto their high-costing steers in the
spring months when values for that
kind werc shrinking at market. They
! had resolurelv determined to feed them
out but the number who finished their
holdings was comparatively small, and
| hence the rather short proportion OF
choice heeves az market now.
That kind is bringing price which
lets the feeder out little nearer whole
than a few weeks ago There is also
prospect that the prime ones will move
up in value in the next few weeks. 1t
! is a $3.50 6.65 market for this class
Cow and 800 prospect for July is by
no means looked upon as prediction
coming from 100 over enthusiastic
sources.
on the other hand, long drouth in the
corn belt, broken only in spots now, has
forced a situation among feeders who
have cattle on grass which is by no
means encouraging. Short hay and
scorched pastures effect a desire to
liquidate the immature steers. They
are coming forward freely now. a big
proportion Of ma-ketings at Chicago
Monday comprising that kind and
these grades again went lower. lot
Of the 5000 $50 steers are selling on
a basis go so cents lower than only a
few weeks ago. while the kinds which
now brings eG25 and higher are COM
inandng considerably better price
than a short time back. A $500 price
spread is shown between values for
poor, thin grassy killing steers and
prime cOrn-fel kinds, while a short
time ago the spread was not much over
s1.25. That the breach will widen seems
foregone conclusion; but If it does
cot widen materially. there Is at lea t
some assurance in the belief that there
will be more Of the palmer steers sell
in at the lower prices in the next few
eeks than is the case now.
Sheep.
Demands for live muttons was active,
$3.50 being top for prime lambs. Sheep
compared well with lambs in price.