The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-08-09
NEBRASKA FARMERS HAPPY.
Their Cattle and HoGs Arc Bringing Higher
Prices Than . Year Ago.

Their Cattle and HoEs Arc Bringing Higher
Prices Than . Year Ago.
OMAHA. Aug. ga potent influence working
for the restoration of prosperity in the farming
districts Of tho West is the great advance in
livestock values as compared with last season.
A year ago farmers and stock growers in Ne
braska were complaining that their live stock
was selling 90 low that there was no profit in
the business, and in many instances both cattle
and hogs were fed at a loss.
A year ago this time hogs were selling at the
yards In south Omaha on an average at 60. 70 to
So. 80 Der 100 pounds, while at present the sales
average $3.50. The average weight of the hogs
coming forward Is go pounds, 80 that the adj
vance in round numbers amounts to 81 so to 50
on each hog marketed. The receipts at the
Omaha yards have averaged IL. 600 per day for
the past month, which gives a fair idea of what
the advance means to the shippers of Iowa and
Nebraska.
Cattle are considerably higher than a year ago.
good corn-fed steers being from 40 to so cents
higher per 100 pounds. Good to choice fedora,
such cattle as farmera take out into the country
to place on corn feed, were quoted a year ago at
from $3. 90 to So. go per 100 pounds. and to-day
the same cattle are bringing from So. 20 to 81. 80.
Similar advances have taken place in all grades
of cattle.
The prospect is that beef cattle will bring good
prices all the coming year. as there does not ap-
pear u Ut any buTpluS IL lut OunlTJ INC nOR
market is a more uncertain quantity, as the
price depends more upon the size OF the corn
crop and the foreign demand for the product,
but, it is believed that hogs will not sell mate
rally lower than at present.
The Omaha yards are daily crowded with
farmers and stockmen, who are Offering the
highest market price for hogs and cattle OF such
grade as can be called feeders. Anything they
can put a few pounds of meat on they are willing
with the small farmers in Nebraska and Iowa in
order to enable them to go into the cattle and
hog-feeding business on a small scale. The grain
men furnish the money and the farmers the
skill and land. together with the grain. 1t is es-
timated that 5000 900 more cattle are being
fed in Nebraska ut present than at any other
time in the st ties history.
Money has not been so plentiful in Nebraska
for ten years as it Is now, and bankers are never
30 well satisfied as when they have their money
loaned on cattle, since the Salue Of the security
fering large sums of money TO the grain and
cattle raisers OF the State for their business.
Only a few weeks ago a company with $1,000
600 capital was organized in Omaha. with the
Armours and other big Chicago packers at its
head. to loan money on live stock in Nebraska
and thus stimulate the feeding business through.
out the West. Anybody with a bunch OF cattle.
sheep or hogs can secure a loan at equal to the
present market value OF the herd. This was not
the case until this spring.
Hundreds of cattle are being shipped into the
State to winter from Texas and other points
where corn and hay cannot be secured as cheaply
as in Nebraska. This Is bringing daily more
capital into Nebraska and contributing to the
general air OF prosperity. Old-timers in the cat.
tie business declare that the prospects at present
are more fattering than for ten years.