Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-21
|H|GH MARKS FOR THE YEAR ARE
ES7ABusHEDBY LIVE STOCK MARKETS

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the best going over the 50 mark.
Choice COWS also have been scarce
and have sold at prices that show little
change, but the common and fair kinds
are hard to cash, even at the liberal
price cuts in force at present.
Prices Of bulls have suffered a bad
break this week and the decline has
carried all but few of the choicest
butchers and yearlings. The latter
kinds are scarce and sell at premium
over other grades. The bologna grades
have been hard hit and light weights
have felt the severest cut in price, last
weeks advance has been about ef-
faced The general market on boil
ogna bulls 40Q60c lower than Mondays
good market.
Some prime dry fed heifer yearlings
have sold during the week up to $9.4O
and mixed yearlings higher. but the
run Is carrying few well finished corn
fed heifers of class to sell above 1926
and only something prime in heavy
weights Is eligible to 1925 bidding. Bulk
Of the plain to good grassy heifers go at
$6.50@7.35 and in the absence Of stock
er demand killers are getting light
fleshed kind Of inferior to fair classes
anywhere from $5@625
Another quarter advance was given
to the veal calf market and strong
demand on a lighter run this week.
Primes reached $11 at Chicago while
st. Louis has been offering soc more
and Kansas City and Omaha soc under
Chicago. Heavy calves are still few In
number and packers are not over eager
for those on hand.
Good rains over many sections now
suffering from lack of moisture are
needed to act in conjunction with the
awaiting fat cattle trade in bringing
out a strong demand. Feeders are wait
ing with more or less anxiety the out
come Of the growing corn crop, and
rain is needed the worst way in many
localities to revive parched pastures
and bring out the demand for young
cattle Of stock and feeding classes that
Is certain to assume much breath q
little later in the season, II crop condi-
tons are favorable.
AS compared with Monday and last
weeks closing the market is showing
10@25c declines on everything except
ing the good fleshy feeder classes, a
the common and medium stocker
grades and which has put such classes
back again to the low point two weeks
ago. Choice qualified steer yearlings
have held up fairly and anything in the
fleshy, strong weight feeder line is
selling well up to last weeks prices
and to broadened inquiry.
Some good qualified 965 to 1026-lb
fairly well fleshed feeder steers went
out at $7.95@S and the condition Of the
fat cattle trade is such as to warrant
expectancy of broader demand for
such classes. There is little expectancy,
however of materially improved call in
the immediate future for stocker stuff
demand promising to continue narrow
until fly time Is over, crops are laid by,
or good rains come to relieve parched
pastures over much Of the corn belt.
Very little demand is coming from the
eastern, territory. but the call from
Pennsylvania and other eastern sec
the month when stubble fields and
clover pastures will be available.
Stock cows and heifers are mean
sellers, showing irregular declines from
Monday and last weeks best levels and
being on the lowest basis Of the season.
A good class Of stock heifers is now
available around 1925, and $3.50 stops
most anything III the thin young COW
line, right good stock heifers going
at S5@5.25.
The advance in fat cattle is logically
exerting an influence on demand for
such fleshy feeders as can be put in
condition on old corn In brief period
to get some Of the money killers are
paying for fat bullocks. Above SO,
however, killers are competitors for
anything, owing to beef scarcity and
feeders are able to get little that is in
decent flesh. Investment demand would
doubtless receive some impetus If the
outcome Of the new corn crop was less
dubious and pastures were in better
condition.
New York is handling little imported
beef at the moment One boat arrived
late last week direct from the River
Plate with $4,000 quarters and small
jags got in from London. The week s
arrivals were 21.256 quarters, against
1880 quarters the previous week and
44263 quarters two weeks back. Since
Jan. shipments direct from Argentina
to the United States are $4,000 quar-
tiers Of beef.
Retail trade has been hit hard by the
recent advance. A round Of local mar
kets developed pessimism. Not only is
beef high, but volume Of business is
small. The discrepancy between whole
sale and retail prices appears unwar-
ranted, but volume is factor not to be
disregarded, and many retailers are not
doing enough business to warrant
keeping OPEN One Of the heaviest deal
ers on the South Side says he would be
money in pocket by closing until grass