Evening star., 1934-10-05

CHICAGO, October 5.-Live stock
continued to decline, all species SELL
ing of rather sharply this week in
the face of curtailed receipts. The
dressed market-about as sluggish as
any time this SeaSon-was against
sellers from start to finish. With
killers striving to keep daily pur-
chaSeS within trade requirements, a
glut of Well-flnished steers and year.
lings around midweek naturally up
set prices completely. Prior to that
time strictly finished cattle had
worked slightly higher, but eventually
the bottom dropped out of the market.
Better grade steers and yearlings
lost mostly SOC for the second con-
Secutive week, narrow shipping de-
| mand being largely responsible for the
late congestion. The range movement
fell of considerably, hence lower
grade steers at all times got best ac-
ton. comparatively speaking. But
even grass steers worked lower and
the same was true of she stock, this
weeks trend of live stock prices being
unevenly lower without exception.
Hogs and lambs finished mostly Csc
35c lower.
Heavy Steers Decline.
Strictly finished heavy steers were
let down to 1925 at Chicago, these
being comparable from a killing
standpoint with 1890 offerings early
/ last week. During the glut yearlings
Jared no better than heavy steers,
only scattered load beating 900 at
the same market on closing run, al
| though upward to 9.85 was paid
! early in the week. Some high quail
| tied mixed steers and heiferS aver
| aging 965 pounds going at 9.15 were
really in class by themselves. There
! was an oversupply OF steers and year.
/ llngS ranging IN weight from 900 to
| 1900 pounds at most markets, COM
paratiVely few big weights arriving.
This weeks run at seven principal
markets was approximately $4,000
cattle, 223,000 hogs and 274000 sheep,
against 1913 600 cattle, PAP 900 hogs
and 26l 900 sheep during the corre-
spending four-day period a week
earlier. New crop hogs were numerous,
some comparatively well finished but
/ others lacked finish, tending to reduce
average killing quality as well as aver
age weights in hog receipts. A large
percentage of the range lamb supply
/ again comprised feeders.
Extreme Top Is 1925.
The weeks extreme top for medium
and heavy steers was 1925 at Chicago,
but none passed 9.35 at the river. The
fact that lower grade steers held up
better than long-fed kinds tended to
reduce the price spread and for the
time being the undertone on anything
selling above 500 remained more or
less beariSh. Unless the beef market
improves or the supply of strictly fed
steers and yearlings is further cur
tailed, statesmen may find it difficult
to move Sucn cattle satisfactorily early
next week. Range steers carrying
some weight sold upward to 100 at
Chicago in load lots, thin, well-bred
Wyoming yearlings going to the coun-
try at $50. AS a rule, however, most
range stockerS and feeders did not sell
above 500, quality being somewhat
palmer at most markets than last
week
The late Chicago top for hogs was
$40, upwards TO $50 having been
paid earlier in the week Narrow ship
ping demand depressed hogs as well
as other live stock, particularly light
weights.
Fat and feeding lambs worked
closer together, the latter holding
about steady. Very few fat lambs sold
above $50 at Chicago this week, the
extreme top being 675. while on the
other hand choice feeders made 6.l0.