Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-29
SOUTHERN PLANTERS WITH NO
OUTLET FOR THEIR PRODUCT
TOO POOR TO BUY MEAT.
SHEEP HAVE SETBACK
unwarranted High Prices for Mutton
Week Ago Cause Heavy Con-
SHIPMENTS; Result 10
Certain.

Chicago. Sept. 26--There appears to
be some ground for the contention or
packers that the consumption OF meats
is at a low ebb, and this in particular
reference to pork. Every factor Is tenn
porarily against the hog market. the
severe decline in prices this week
found little assistance in the small re-
ceipts but trade conditions In the cot
ton states is most depressing. The south
is out Of the market owing to the de-
rangement of the cotton market. Ex-
port outlet is either closed or contract
ed and summed up, conditions are ideal
in favor of the packer.
The sheep market received a logical
setback following last weeks record
making September prices. The advance
was more than shippers could stand
and they have lost heavily this week
pace slackened q trifle the last two
days but buyers were able to I'LL their
wants early In the week.
Cattle trade this week was similar to
that of week ago, inasmuch as prime
stock held steady to strong prices while
the plain butcher cattle scored further
declines.
Now Top for Primes.
Prime goods having made squirt
duOVc I'll, INV SopplL6 OF $Il.oo va
Wednesday, are expected to hold high
and go even higher in the near future.
though the trade is looking for a con-
tinued hard fight on killers, part to
keep the tops from an anticipated
$11.50 high spot in October.
The week has witnessed a very sat
isfactory market. Scarcity Of prime
cattle has exerted a boosting influence
on such pretty good" bullocks as were
selling at S10@10.25 on the low spot
last week when the market was well
nigh demoralized. These cattle have
appreciated as much as 25@40c and a
sympathetic influence has been d sus-
tanning influence in cheaper cattle.
Practically nothing has had to sell
lower than on last weeks bad close, al
though steers under $40 are not up to
the price basis Of the middle Of last
week.
More cattle went over at $10.75@11
yesterday than ever before and crossing
the s11 line, relieved impotence. Some
steers at $10.75@10.90 looked 35@40c
above bids on the same kind late last
week Owing to scarcity Of high dress
ers these are being impressed as sub
stitutes.
The weeks run has carried lot Of
steers, selling below $3.50, that would
not have been here had money been
easy and feed abundant and cheap. AT
Missouri river points a lot Of grass
beef has been thrown into the market
hopper but the proportion OF feeders
in that quarter is large. Tight money
has undoubtedly impaired country de-
mand otherwise present prices for fat
steers would have resulted In furore
on unfinished stuff.
Butcher Grades Lower.
Prices on the general run of butcher
she stuff have worked to lower levels
again this week and the close shows
about the lowest price basis OF the sea-
son on the bulk of the offerings. Since
September's good opening trade, the
market for the general run Of native
cows now selling downward from
S625 has lost 50@75c, a lot Of cows
selling between SIS and $6.25 being as
much as Csc lower than a week ago.
Fully 50@6Oc Of this loss also applies
to canning and cutting grades from the
opening session of September, althouh
strictly Gamer classes are not mater
tally lower than a week ago. Plain and
medium to fairly good grades Of grass
heifers have shared in the declines this
week, the bulk of them taking 15@25c
loss but choice fat handy weight heif-
ers and the best heavy beef cows are
holding steady, selling, in fact, little
better than carly this week.
There is a marked scarcity Of choice
fat she stock in current marketings
and something Of prime corn-fed grade
would sell here now about as high as
break on the bulk Of the native cows
has been forced under relatively large
supplies Of such kinds, locally, gener-
Gus receipts elsewhere and under the
influence Of a continued free movement
Of western range stuff.
That class Of weigEty stuff off short
corn fed is getting it's proper price dis
elimination, as against the well-fed
kinds. They are especially discriminate
ing against the $9.25GD9.75 kinds that
have had decent amount Of corn. but
Teen grass. Such classes are costing
relatively high in the beef and are re-
ported to be making mean carcasses as
compared with the corn-h hardened $40
01O25 kinds which killers claim are
intrinsically worth all the premium
they command and more too, while the
same applies to the right choice steers
now elevated in price to $1,000 and
higher; kinds that have regained on
this weeks irregularly higher market
bulk of the decline they scored at the
close last Wednesday compared with
Wednesday Of last week.
Dull Deal on Plain Kinds.
On the lower quality goods the mar
ket all week has been dull Grassers
and short corn eaters some Of them of
the new crop, are being Disseminated
against in favor Of the better quality
range steers, ana this situation will
likely continue for weeks ahead. A LOT
of plain and medium natives are com
ing now for the obvious reason that
high corn has scared their owners out
and they are reluctant to feed the new
crop literally. Too, the money condi
tons have been no small factor ir
driving this stuff to market, but it,
presence now can only accentuate the
shortage Of fat beeves a few weeks
later this season. Grassers Of common
kind are hard sellers, for reason that
their cost is relatively high as against
the $7.25@775 rangers. which cut uI
much better in the beef, according tc
the killers.
Bologna Stock Lower.
Some of the edge has worn off the
firm trade in bulls, and only the better