Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-22
COUNTRY SHIPPERS UNLOADING
CATTLEAT WRONG time; LOSE MONEY

week ago, anu even the ugnt anu pain
kinds were up 10Q15c from last week.
sold at $6.4O@6.60 and fair to good
handy lots at $6@6.s5, while common
light grade sold around $5.75, with
Gamers down to 1926 and lower Beef
bulls Of decent to good kind took $3.50
@6.S5 and heavy fat sort was worth
ST. choice to prime having value up to
$7.25@7.50 and higher.
Gamers Como Direct.
Continued liberal runs Of cutters and
Gamers direct to the packers again !
had its influence this week Nothing but
extra good sorts landed above IS, and
this Is 25@40c under the recent high
point, below that declines are general
ly 100000 from the level Of short
time ago.
Values for the bulk Of vealers is 81 |
higher than a week ago with the best
selling at $3.50. Medium grades
brought up to $11.75 and common lights
down to $11. Heavies Of good kind
took So, roughs $6@7 and fat strong
weights at $4,000.
Feeder Buying Good.
Ohio and Indiana buyers are taking
out a liberal crop Of good steers for al
short feed, and favorable prospect for
fall grass Inducing strong demand from
these states. Michigan buyers are trad
ing freely and there 10 also a moderate
Pennsylvania demand for medium and
plain quality light cattle. Illinois fall
grass is going to be good in many Sec
tions, but high price Of old corn and
down demand. Generous feeder runs
west are drawing out some broad call
there, but inability OF many feeders to-
negotiate loans Is holding down the In
quiry to some extent. This Is said to be
particularly true west Of the Missouri,
where many feeders are DESTROYS Of
taking on a lot Of cattle, but thus far
have run against snag In getting
hold Of money.
In the local trade a good many calls
for financial assistance are being cared
for, but with interest rates at present
lofty basis there is tendency to go slow
and await an easier situation In the
money market.
Demand from the country this week
has been the best Of the season. indi-
eating that rough feed and ensilage is
better corn crop than was predicted q
month ago. Almost no districts are re-
porting drouth, rains having touched
nearly every section Of the middle
west, putting fall pastures In good
shape for feeding. Trade from Pennsyl-
'vania and other eastern territory has
opened up in good shape, storing de-
AldHu COIuAl8 IIOI1l tHAI SOURCE IOE H8HL
plain stockers, as well as for good
strong weights.
Some trades in medium grades suf-
fered a slight reduction Thursday,
amounting to possibly 1o@15c on those
bringing $7.25.
Right good to choice feeders and the
better quality stock steers, however,
were quoted we'll up with levels noted
at the outset this week and also COM
Daro6 with tho close la ot waoL A hr0o
trade has developed the past two days,
big business being transacted late
Wednesday, and on the whole volume
Of cattle which went to the country
this week was about largest Of the sea-
son. ~ -s Isl 81, af& '
Bear reports on the corn crop condi-
ton which emanated from many sec
tions q few weeks ago are being repud-
lated by the freer buying OF thin cattle.
For bulk OF feeders OF fair to good
kind it Is now a $74O@7.75 deal, and
anything at all f1eshy and carrying
strong weight lands at $7.75@S, with
the selected heavy steers up to $s.25
and higher. q top Of $3.50 being paid
this week, which stood best price since
last May.
Few Needed Next Week.
It is evident that light receipts will
be necessary next week, and 1t is not
improbable that many OF the cattle
now coming could be held on feed q
little longer with good results. A light
Monday run will be imperative II the
selling side Is to have much to say
about shaping prices.
Grass beef gathering is now at flood
tide west Of the Missouri river, is now
in full swing all the way from Flint
Hills pastures on the south to Nom
tana and North Dakota. Southwestern
picking began at the normal period,
but Is expected to wane earlier than
usual. as the crop is short. In the
northwest loading began early and will
probably fall of in October for lack Of
material. Just now this crop OF grass
beef is very welcome to killers who
have been in dire straits. What proper
ton Of the southwestern crop of sappy
steers will go into the cornbelt for
hardening on corn is conjectural. It is
significant, however. that last weeks
stocker shipments from Kansas City
were $4,000 head less than a year ago,
although at that time many dried out
cattle were being moved into Chicago
territory that did not figure in the beef
supply until this year.
Meat boycotts and beef trust" agi-
tation are no longer heard of Such
spasms are as inevitable as periodical
While senseless, they are on the edi-
torial calendar and must be exploited
Beer trade is apparently In healthy
condition, both distributors and retail
ers being reconciled as to prices.
Indications are that cattle fit for beef
will be closely marketed right along,
there being no inducement to hold
them back. Prices at the market are
attractive, money stringency is a
liquidating influence and the feed bill
is high. To justify poking corn into
cattle that are any way near ripe would
require steady, advances in. selling
prices and at the present high level
this Is improbable. Feeders are more
disposed to sell decently fat cattle with
the object Of beginning on another set
Range steers of the better. class are
showing strong and higher rates than
week ago, sales Of late showing 100
15c gain over last week, though the
medium and plain STUFF has had poor
action all week and many of them have
gone a little under last weeks level,
bulk at least 10c lower, while the she
stock deal looks 15025c lower than
last week.
Unofficial cattle receipts this week
were 54,847 lead against 41,784 last
year and compared with $4,000 expected
to arrive. The weeks top at $11 Is the
same as last week and $40 higher than
u.