Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-02

that market showing deficiency since
January compared with last year, OF
$500 car loads, the cattle shortage there
being $4,000 head, while hogs show q
decrease Of $4,000.
! The Texas movement shows signs Of
improvement. although packers are
not getting anything like the number
Of cattle from that quarter they ex'
pected. Fort Worth advices are that
| about 100, 900 southwestern cattle have
already been marketed and the same
number remains to be cashed In this
side of July /. Feed being abundant.
| Texas growers are pursuing a very
! country flies will begin to get bad after
June, and it is probable that the next
| four weeks will witness the maximum
run Of grass It is certain, however,
| that the crop of beef from that quarter
! is not coming up to early season expec-
I, tations, and most Of It will be absorb
ed without causing a ripple on the
market surface.
TOP for prime beeves this week at
1886 is 45c higher than a year ago and
the same as two years ago FOR the cor
responding week. Receipts at 1858 are
about four thousand less than year
ago and a thousand under the esti-
mates for the week.
Killers are Boss.
in the hog market and prices In Chi
ca 20 are at disadvantage to the pro-
Queer in comparison to East st. Louis
and Kansas City. No particular reason
is set forth for the continued decline in
porkers but 1t Is surmised that buyers
see little profit compared to retail
prices prevailing. Demand for cash
products is not at it's best and the hand
to mouth policy Of buying is in effect.
1t is logically certain that consumer OF
beef and pork at present values over
the counter can i'll afford meat diet
when eggs provide an equal substitute
and at less cost. The prices Of the lat
ter, while higher than usual at this
season Of the year, are reported to be
selling in preference. to meat; This
weeks decline Is fully 35c@45c since
last Saturday, coming gradually each
day.
Unofficial receipts for the week total
$4,000 head against 121,731 for the
same period a year ago and against
$4,000 estimated to come. This weeks
top at 1886 is soc under that for the
corresponding week year ago and
CSC higher than two years ago.
Marketing Decreased.
Declines in sheep values here this
week, in the face Of material decrease
in the marketing locally, and at other
leading markets, have reflected dressed
market conditions and packer domin-
ance Of the trade on the sharply cur
tailed shipping demand. Prices show
a very irregular basis from week ago.
A slump Of from 75c@$1 from week
ago on fat native ewes, with few
ripe tidy weights possibly not more
than soc down, and wide decline in
the buck market, has been seasonable
and not altogether unexpected. More
Of them are coming, they are shrinky,
grassy lot for the most part and selling
heavy sheep carcasses in this kind OF
weather is reported by distributors
about as difficult a task as would be
the sale of fur coats in Hades. Call for
stock ewes is developing and it looks
like the market for decent ewes has
about struck bottom, though 1t can
hardly be expected to improve at this
juncture In the face Of this wide break
good dry-fed sheep, only an odd load
or two of which are coming now daily,
are making within 10@25c of last
that can be figured on dry-fed lambs
and spring lambs few choice fed
lambs showing more than 10@15c
break. but irregular declines are noted
on the haavy and habitat native
grassy kinds.
Receipts Of Tennessee spring lambs
at Louisville are swelling, but the run
pectations this week. Louisville Is
counted upon by killers for a good crop.
Monday however. Supplies Of natives
reaching Chicago and river" markets
are below normal, but increasing. 1t
looks like very short year for native
bovine supplies, however Thus . far
Chicago has had no range lambs Of the
new crop from any source and from all
indications June receipts are going to
be light with southern lambs forming
large slice Of the marketing. But
little more fed western stock will come
out Of the big feeding stations around
Chicago this season, hardly more than
thirty loads being left at these points.
A set Of choppy markets with
shrinky grassy stuff and heavy sheep
performing poorly but with desirable
killing lambs holding q high June basis
is Indicated.
Buenos Aires reports no dressed NUT
ton loaded for New York shipment this
week and it is improbable that any
more will come during the summer
from that source. Previous importa-
tons OF frozen mutton have been hard
to vend in this country, the people of
the United States having not vet been
educated" to It.
Trading in May delivery wound up
yesterday with a big business more
than 100000 bu wheat, most Of it sold
by the Armour Grain Co. to belated
shorts at 99c. Deliveries after the
close were 100000 blu, clearing up all
trades. During the month Of May
more than 100000 bu were delivered
and receipts exceeded 1000 cars.
Trading in May corn aggregated
100000 blu, about ESQ, 900 bu being at
74c. Deliveries were 100000 bu Of
which 100000 bu were by Bartlett-Fraz-
ier For the month 4,475,O00 bu were
delivered.
In oats there were more than 100000
blu traded In, belated longs selling out
at the last, and deliveries for the day
were $4,000 bu. and for the month g.
SOC, 900 bu.
The Armour Grain Co. has the wheat,
scattered interests the corn and ship
ping houses the oats. The story of the
May delivery briefly is: THE Armour
interest lost money on its wheat and
short corn, and had a small profit on
its short oats, which were put out
against cash oats held in Canada.
There were deliveries Of $4,000 bu
cash wheat at Kansas City yesterday
on May trades the first made this
month.