Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-06-29
PRICES SHADE LOWER THAN At
OPENING AND SLIGHTLY UN-
DER FRIDAYS LEVELS.
BUYERS SHOW LITTLE
INTEREST IN TRADE
Cattle Prices Steady, With Usual Alb
scenee of Arrivals at Wesk- End
Sheep and Lambs Finish Dull and
Weak-Review Of Market Conditions
Current Quo .ations.

chicago, June 29.-The hog market
weakened at the close today. Altho re-
ceipts were light. traders showed little
lower than the opening and slightly
| under Fridays close
Lamb prices gracefully receded this
week and sellers were unable to check
The tactics of the local packers, but the
run was rather liberal, so that every
thing was against them thruout. The
closing level was fully 81 lower than
! week ago on the best grades and easily
s1.25 off on the higher grades, while
occa sionally the extreme decline fig
ured as much as $3.50. taking the sort
into consideration. Aged lambs were
not as numerous and consequently,
while not urgently sought after. they
showed less depreciation, being mostly
.0G50 cents off for week and quality
Of them has deteriorated.
Cattle.
There were insufficient cattle re-
ceived here today to make market.
Prices were quoted generally steady.
The sales at $3.50 this week. prime
steers averaging 1899 to 1893 pounds.
give indication Of most urgent de-
mand for prime beef, and weight is OF
secondary consideration where quality
is available. This is also indicated by
! sales OF yearlings UP to $40, which
was equal to previous record yearltng
price A big quota Of choice beeves
averag ing 1850 to 1.45o pounds has sold
| this week at $9.0069.25 and a. fair crop
, at sa.30@9.5o. including stillers. Such
cattle are holding up to these remark
ably good prices by force Of demand
! balancing supply and the trade Is en-
PERTAINING no fears Of price decline for
| them. There are still lot Of bullishly
inclined traders. in fact. who are pre-
dieting so steers to materialfze before
long, even tho they did miss their June
guess on SO top. Top at the close
| this month, however. is 20 cents higher
than at the start, while there IL rise
OF s2.s5 over the top year ago.
| As the grass steer crop comes for
ward freely there is hardly reason to
expect material betterment In prices
for them. The trade in the past two
weeks has had the considerable price.
widening experience which had been
predicted for it and this applies to the
1850 to 1900 pound grass and short
yearlins cattle. That killers will be in
position to maintain the wide spread In
values seems sure, inasmuch as there
is a tendency on part Of lot OF own
ers Of cattle in pasture to cash them in
before the hottest days of summer are
at hand.
Grass steers are still making good
profit and doubtless a considerable crop
Of them will be moved out Of pasture
to make room for light stockers In the
next few weeks. but the question which
worries the trade generally is. whence
are coming the stockers to fill this de-
mand?" A good many OF the long
range. long-headed traders, as well al
feeders, are beginning to realize thai
1.-THE feeder and stock steer supply sit
uation will be as serious one latcl
this season as has been the price O
corn in months gone by.
Sheep.
J Sheep and lambs finished the weel
, dull and weak.
Aged lambs here were few in mum
} Der. and while 81 was paid for a few
J head, the next best lot sold at $50
J and other small lunches in fairly goot
} flesh landed at $6.00@6.e5. while $40
also bought the remainder Of tn
crop Sat the outset this week on
fancy load reached s7.s5. but it stoo
out prominently in comparison, as sale
: higher than 81 were unusually scarce
+. while Of late rot very many hav
: landed much above $3.50.