Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-28

~ 10y AOAH
grass. Torn ragged places on the horns
Of some OF the steers shows with what
difficulty the process or poring inc
holes was accomplished.
Chicago cattle arrivals this week hg'
ure 1889 against $4,000 estimated TO
arrive and compared with 4bS35 for the
same period a year ago. The top at $lo
year.
Stocks DiminiShing.
Stocks of pork provisions are shrink
ing and the light July hog run will re-
duce the accumulation still further. A
few Canadian hogs are reaching Chi
cago, but the Canadian market has
braced up and importing Is no longer
the profitable operation 1t was few
weeks back. A local bacon house has
been buying wheat fed Alberta hogs,
but they We're bad shrinkers, the loss
per head on the Journey from Winni-
peg to Chicago being 1S pounds per
head. Unless disease strikes Canadian
herds, however competition from that
country must be reckoned with. as con-
verting wheat and barley into pork Is
profitable proposition.
July hog receipts promise to be as
light as the June run. 1t is tho same
circle. After sows begin moving freely
expansion Of numbers will be logical.
but the proportion Of what the trade
calls good hogs" will be small all
through the summer. Corn fed cattle
have been closely garnered and hogs
following them trooped marketward at
the same time. How serious the short
age is may be inferred from supply sta
tistics.
The trend Of the hog market this
week appears to bear out the assertion
Of packers that consumption demand ia
at a low ebb. Chicago clearances have
been poor each day and the burden Of
stale hogs has had its effect in down.
ing prices. While st. Louis levels last
week were over Chicago on most
classes Of hogs they failed this week to
hold 1t and the top there is only q
shade above Chicago. The close for the
week shows the spread little narrow.
Chicago estimated 10000 head OF
hogs for this week but only 10000
showed up as compared with 12e,794
for the same period year ago. The TOP
this week is TIC under that Of year
ago.
Mutton Decline Checked.
Smaller week end arrivals Of sheer
appears to have put stop, temporarily
at least, to the downward trend of the
market. What little strength prevailing
on the closing days has not been suf-
ficient to overcome the severe losses re-
corded earlier. Shippers have takeT
very little here this week. ana most
lots sent out were feeders, consisting
mainly Of lambs and yearlings.
Advices thus far received indicate q
smaller range movement next week and
the prospects are bright from the sell.
ers' viewpoint, many traders expressing
the belief that bottom levels Of tn.
summer have been struck. There IL al.
ready a strong call for feeding ant
breeding stock and 1t promises t
continue. A band Of 5000 blackfact
/ Washington yearling breeding ewes o.
is headed this way. First Of them arr
due to arrive here NOR. Aug. 3, ant
good reception will be due them.
Semi demoralized conditions in tn,
! dressed mutton trade east this week
following the heavy western slaughter
| of the week previous. and the punching
| Of local supplies on the Monday ant
| Tuesday markets, have been leadinl
factors In ths depression Of the trad
that kept declines continuous up t
Thursday Of this week when a reaction
for the better began to set In. CLOSING
prices on fat lambs are 25@35c Down II
feeder classes, lambs have allowanc
for shorter sorting now than at tina
time, with the best grades declinin
most, while western matured mutton
are 15@25c lower and native eve
strong to point higher. The yearlinl
deal has acted badly, lot Of rang
yearlings Of more or less common elias
having arrived and some such having
best are hardly more than 35c down. II
feeder classes, lambs have held stead.
to strong prices while feeding sheel
have sold steady and yearlings below
/ choice light class lower a strong weigh
sort Of Idaho yearling feeders Of decen
class having had to take $4.9005. goo'
sheep prices and rates that gave then
a decidedly worth the money" ap
pearance. Anything fit to 80 to tn
country In the stock eve line has com
manded strong prices and demand haI
been by no means met.
! Expectancy is for better actin!
trade, particularly on fat lambs, mex
week. Around 65 fewer loads Of rang
stock are now in sight than arrive,
this week and light supplies Of nativ
stock are counted upon again for tn
coming week. Dressed trade condition.
are still far from good. but ought t
improve. especially with lower tenn
peratures, as western slaughter thi
week has been quito little lighter.
I Unless the official count for today Il
radically changed the arrivals for tn
week figure $4,000 head Of sheel
against 100000 estimated to arrive an,
compared with 1889 for the sam
1 period a year ago. Top on lambs tti
week brought down to $8.25 is identica
1 with that Of a year ago and sheep a
! 1915 is SOC higher.
Corn strengthened with wheat ant
owing to generally fair weather. Ac
| tive selling by leading houses sool
checked the upturn and led to a reac
ton. The opening which was u to