Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-14
LIGHT RECEIPTS Of ALL LIVE STOCK
GIVE PRESTIGE IN SELLERS BEHALF

other reason for the small demand, as
feeders are unable to take the thin
stock for pasturage. When the extent
of the corn crop is assured, 1t is be-
lieved a good demand will develop for
feeding cattle from all sources. East
ern demand, as well as local, has been
short during the past week, and bust
ness done in the stocker and feeder
| branch has been the smallest in many
| months.
Stock cows and heifers were also
given a small call, but the run of this
stuff has been very small this week.
Fat cattle prices Thursday were again
strong and the steady rise during tho
past week seemed to have little in
fluence in causing any demand for
feeding stock.
This weeks advance has undoubtedly
had the same bullish Influence on
country sentiment as on market opin-
, ion. The upturn has been so en-
phatic and scarcity is SO pronounced
as to eliminate the pessimistic feel
ing that was rampant six weeks ago
There is little beef in Missouri river
territory and that Chicago will be re-
uuired to furnish the bulk of the corn
fed stuff right along admits OF no
doubt.
! Continuance Of the market course
| as at present chartered means II wild
ening gap The fact that a city
/ butcher bought the mid-week top load
suggests that the stuff was worth the
money. Another infallible indication
is that the distillery feeding of one
packing concern is not being put on
the market The June rise puzzled
most people in the trade by virtue OF
the advance being marked on medium
to pretty good grades, while the upper
crust was neglected. This was an
illogical condition, which is nov being
remedied. Good cattle ought to be a
dollar higher and will probably aviate
in that direction if the present under
pinning of the market is secure. NO
/ doubt exists that the grade Of bulocks
showing complete corn Crib cross is
even more scarce than in 1912. Feed
ers have had no inducement to con-
tinue the weight making process and
| this year scarcity in Missouri river ter
| ritory is unprecedented.
Higher Prices Coming.
| A $40 quotation on prime steers be-
fore many dates on the calendar have
| been cancelled is now foregone con-
action at that level next week. 1t will
| be interesting to note what effect this
will have on the selling policy Of the
| few feeders who make their output
standard. Two years ago 1t will be
remembered they began cutting loose
in August, high prices and high
feed bill being the double incentive.
Although an $11 sale was subsequently
registered, earlier sales were more
profitable, owing to cost Of making
gains. 1t is likely that $40 market
in August, provided that it material
ICES, will dislodge many Of these cat.
/ tie prematureiy. Even the most pro-
nounced optimists, and they have not
been in strong force, have not invited
damage to their prophetic reputation
! by promising re- enactment OF the 1912
set Of prices and where the feeder has
to replenish his feed by pun chasing
corn he is likely to take the short
course to market. Last year these OPP
orators nursed the market all through
! September and October, only to un-
+! load at loss late IL. the season and
that unsatisfactory deal Is a red spot
in their memory with ring around It,
There exists some difference of
opinion as to how much corn remains
in cribs III the beef making section Of
/ western Illinois where the customary
| practice is to buy sappy steers from
! Kansas pastures about the time long
grass in that quarter gives out ana
! give them a hard finish on corn for
q brief period This usually gives Chi
T., cagO access to a lot or rat cattle IN
/ October, November and December, but
Il is an old corn proposition. A new
wrinkle has developed this year, thou
sands Of Texas steers having been
, held back on Panhandle grass instead
of making the usual spring migration
to Kansas pastures.
! Receipts of cattle this week total
29,849 head against $4,000 expected to
come and compared with 31,514 for the
| same period a year ago. Top for the
week at 1915 is sixty cents above that
for the same period a year ago.
Packers Defeated.
Continued light receipts Of hogs al
Chicago and at the other market
points, both east and west, has baked
! packers in their efforts to hold the
price down. Receipts at Chicago fol
| the week were but 1896 head against
10000 expected to arrive and the
shrinkage in the western centers is
! equally as bad compared with veal
ago when 116.724 arrived at Chicago
for the same period. In speaking OF
the hog situation Patrick Cudahy o.
/ Milwaukee has the following to say:
| There is shortage Of 100, 600, GOT
| lbs of hog products In the west, a:
compared with last year. AS compared
with two years ago it is 100000 lbs
We are also facing a shortage in thu