Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1912-06-15
MARKET CLOSES s TO 10 CENTS
DOWN COMPARED TO FRI.
DAYS SESSION.
SUPPLY ON CLOSING DAY
EXCEEDS REQUIREMENTS
Cattle NORMALLY Steady, Receipts Be-
ing Meassr-shesp and Lamb Trade
Without Price chanees-Review OF
Market conditions-current Quota
tons.

Chicago, June 15.-The trade in hogs
today was weak. The market closed
to 10 cents lower than the average OF
the previous session. The top was
s7.i5.
Including Friday this week Chicago
has received 1871 hogs, as against
117,154 the first five days last week,
1855 the same time a year ago and
111,402 the corresponding period 1910.
Hog receipts at eleven markets yes
terday were comparatively heavy and
the total at $4,000 stood 1900 larger
than last Friday. 1900 greater than a
year ago, but was $500 smaller than
two years ago Total thus far this
week, .532, 900, or 10000 more than the
same period last week. $4,000 less than
the like time a year ago and 10000
more than the corresponding five days
two years ago. For 1912 to date, the
supply aggregated 12.e7o.oOo. or 1.o1a,-
900 more than the same period 1911
and 3.SOl, 900 more than the correspond
ing time 1910.
Cattle.
Cattle were nominally steady.
than a week ago for practically all be-
low $500 steers. The grades going
above 800 are quoted largely % cents
higher than last weeks finish, but 1t
has been a week when there were more
sales at s9.Oo@9.25 than any previous
week this season and when the fact OF
palmer quality of these s9.00@9.25
steers is taken into consideration as
compared with other weeks this season
a good idea of the price rise may DE
gained.
The choice steers are several notches
higher than they were in May, quality
considered, but thus far the killers have
been able to keep the top price at a
level only equal to May. This is dis
appointment to lot of prognosticators
who had set their hearts on getting
s9.50610.0O for prime steers in June.
but they are saying now that the end
OF June is still two weeks off and a
lot Of things can happen In two weeks.
Killers. however. are doing their best
to hold the lid down on prices. They
realize. and 80 do the selling forces,
that much further price Jumps for
steers will only have the effect Of shut
ting off lot of consumption. I'VE are
against a serious proposition" re-
marked one killers representative
The situation east is precarious
Everything, barring chucks and plates
is marked up to about the limit ol
the consumers purchasing power. and
while the current cost OF cattle makes
it necessary to get higher wholesale
price for chucks and plates, to make
cattle pay out there is grave danger
of a kosher strike il the cheaper c11te
are marked up to their relative basis.
Sheep.
Sheep and lambs trade was without
price changes.
While the bulk Of good offerings held
about steady with a week ago, there
were numerous transactions that fig
ured 10615c lower for the week. and in
extreme instances some lots were con-
sidered Csc of. 1t was the medium
grade Of handy-weight ewes and the
heavy weight lots which showed the
weakness and the least attractive ones
were down most. Feeding and breeding
stock was taken out on steady basis
compared with late last week, or at the
| lowest level of the season to date.
| This has been a very unsatisfactory
week in lamb trade, as prices were on
the down grade with no way to check
the trend of values. Receipts were
comparatively heavy under the circum
stances and buyers controlled the stu
alton without putting forth any extra
effort. Altho last weeks close was
the low point up to that time for a
ong while. the present level for agee
! lambs showed 50@75c decline on the
fairly good to prime lots from then an6
often the medium offerings cleared or
a 81 lower level Spring classes
showed less loss, even tho direct con-
signments from the south have beer
fairly liberal, and while the best grades
were down only csc. the other kinds
showed 35650c decline. However, thu
new crop was In better demand. ever
tho showing the least depreciation FOL
the week
Quality was not very good al! week
Feeders made the cheapest purchase!
Of the year during this week and sales
were fully soc lower than any time las
week. Range of prices was remark
ably wide at all times, and there Is M
prospect Of it narrowing up, as coun
try feeders evidently will not put o,
finish at the present time. but prefe
to take what they can get for stun II
half fat shape.