Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-06-24
PRICES RECEDED SLIGHTLY
WHEN BIG KILLERS FAIL TO
ENTER BIDDING.
HOLD OFF IN HOPE
OF LOWER PRICES MONDAY
Cattle Market Turns Weak and Prices
Show Marked Reduction Compared
to Week Aeo-Sheep and Lambs
Steady-Current Quotations at Live
Stock Centers.

Chicago, June 23.-In anticipation of
as consequence. big killers refrained
from activity competing for hogs to-
day, and as result prices receded
cents. Trade was slow.
Receipts five days this week totaled
LAP, 500. an increase of $500 compare
with the same period last week ana
l4,600 compared with the correspond
ing five days a year ago. Inc markee
has acted rather well in the face OF llb-
eral receipts, but the spectators have
been buying too freely the past few
days TO suit the packers. The Shippers
were credited with taking loo ana
around 5000 went over unsoid.
Packers will probably get plenty OF
material to replenish the lard kettle
during July. The June run of hogs
came in May and it is likely that July
will witness liberal movement of fat
sows that would be held until later II
the market was less attractive.
Cattle.
Cattle failed to attract buyers, Of
ferings being scanty. and prices turn
ed weak.
"a
of the week and % cents to 100 lower
than the high spot early last week on
pl actically everything except few
specialties. The break was heralded
and. altho severe caused no surprise.
1t occurs in June regularly as clock
work. and this year there was more
than usual opportunitw to take OIL
something as values were at lofty
level. Loading in the country has oeeh
stimulated by attractive prices, winch.
has had the effect Of dumping 10.
OF grassy goods premature:y into the
market hopper. AT least % per cent
OF this weeks run mas represented
prema ture marketing, tor Whlcn Sro"
ers were not to blame, considering
what the stuff was fetching when they
planned loading. The new basis OF
values ought to hold stuff back on
grass where it properly belongs, anu
also to develop country demand.
Light cattle were recently exorbitantiy
high and investors were warranted IN
s!destepping, but the decline has al
ready brought in country orders and IS
expected to develop more as empty
pastures are everywhere and there is
desire 10 restock when it can be done
al prices that look anywhere neaf
right
Whether or not the slump has run
its course and the market been placed
on a summer basis is matter oh
which difference of opinion exists. ou'
a conviction Is developing that prices
now represent intrinsic value. II unns
stuff could be held out a healthier
tone would be injected, and TINS II IS
up to the country 10 do. Cattle with a
little kill recently had active butcher
compe:.tion. but new developments
relocated them to the stocker class AMI
there will be good judgment in keeping
then! at home. While few prime cat
tie are selling above HOO, killers are
getting some light grasserS below S.oo
and spread of 800 per cwt on the
bulk of steers would seem to be about
enough. An effective method of arrest
ing the cpread- widening process vii!
be holding light cattle back.
Sheep.
Market for sheep and lambs was
steady.
New crop lambs are practically mo-
nopolizing the claims to popularity
with killers in the ovine trade and
are holding a remarkably and unpre-
cedently high basis for this season
Of the year. The run at Ohio river
markets was disappointing to killers
the fore part of this week, and tho
supplies have been of better volume
there the last few days, not enough
have shown up to damage the price
list very materially. Closing prices on
springs are steady to Is cents lower
than Wednesday. high day this week
and firm to 20 cents higher in extremes.
uo.tly 10dl5 centc up, compared with