Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-08-30
PRICES WEAKEN WHEN RE.
cEIPrs ARE LARGER THAN
USUAL At WEEKEND,
DEMAND PICKS UP FOR
GOOD CHOICE STEERS
Cattle Prices Steadisd by Call for Bet
ter Gradss-shesp Pens Quiet, D..
nnand Being lisht-Review Of Mar.
ket conditions-current Quota.
tions.

Chicago, Aug. 3O.-Hog prices weak
ened TODAY, the run being larger than
is usual on Saturday
General quality of offerings was good
there being much smaller proportion
of common heavy weights.
The market for packing grades was
strictly good while the better grades,
anything above $S.25 sold lower
1t was the better the quality the
weaker the market the top al $40
standing 10 cents lower than Thurs
day.
Sales were at range of s745ds10
only a few loads above 1878 and bulk
al 1875 a $50 with pigs largely at $3.50
@ 500.
The general average price al 1928
stood cents lower than Thursday and
cents lower than week ago.
There was considerable narrowing in
the spread in prices and it will ge, still
more contracted in the next little
while.
Cattle.
Demand for good choice steers
steadied cattle prices.
Plenty Of money is offered on the
affirmative side of the proposition
that choice cattle will sell at $40 per
cwt before Oct l. The best price this
week has been 1925. and that was the
highest quotation Of the year. Prime
bullocks are still $40 per cwt lower
than at the corresponding time last
year. but the high level at that time
was due to the short corn crop OF
1911. Drought has had the effect of
forcing much liquidation, and the log
ical sequence will be cattle scarcity.
Failure Of the grass beef crop in the
southwest will concentrate demand on
corn fed cattle. which are being rap
idly cashed to get away from high
priced corn. Around the holidays beef
promises to be luxury.
The sharp advance IN corn and ina
bility by feeders in many sections to
buy it at any price has undoubtedly
resulted in the appearance OF many
cattle at the market prematurely and
this will merely aggravate scarcity la
ter on. The weeks run has carried
many good cattle, but habitat stun
has not been inconspicuous. What Ell
feet the advance will have remains to
be seen. but cost Of feed is likely to
keep cattle moving marketward, altho
to hold back wherever possible. There
is confident prediction OF 10 cent cat
tie during September, altho the ten
dency just now Is TO mario" .he
spread and mark up medium grades
rather than tops. The cent quotation
is In effect at Missouri river points
and unless finishers have more sooo
cattle back than they are eenerans
credited with the spread Will WIDEN
out again. The stiller crop IS ;neari9
all in, only a few more ioaos oeihs
due from the slop pens. the hahotu ~
here this week has sold at $500 % 800
with an $500 top.
The sheep pens were quiet oe'iiahu
being light. ..
SIMPLY figures and the high August
attitude of the market being taken m
10 account, the trade has acted Wen
this week, despite the mean close IN
some grades. The trade Is not OPP
timisttc. however, regarding the out
look for the coming week. The LABOR
holiday comes on Monday and PACK
inrtown will be shut down inasfar as
slauzhtering is concerned. This conoi-
ton has been recognized by sellers az
one calling for curtailed receipts that
day and very few western sheep or
lambs will be ordered in from NEARBY
feeding stations for the Monday trade.
I; will be we'll for shippers OF native
stock as we'll to curtail loading 1or
MONDAYS market. A holiday coming
in q week when killing is suspended
for a day when the market is open
seldom results satisfactorily. and altho
dressed mutton trade has been good
this week, the slaughter of ovine stock
has been heavy and any crowding of
the market hopper next week is ex-
pected to result in declines.