Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-29
CONDITIONS IN COTTON STATES ADDS
ITS INFLUENCE IN THE HOG MARKET

best early price. Primes are eligible up
to IS with extreme big weight beefy
kinds down to 1926.
Frequent shipments Of Gamers and
cutters direct. mainly from the east
and south keep the local houses we'll
supplied now and there Is much less
urgency In general demand than has
marked the trade short time ago.
Wednesdays market being the best all
around in cattle, the Gamer trade
since then went down 10@16c compar- :
ed with the close last week. Decline 10
better indicated by the better quality
or goods being had at the money than.
was then the case.
OF last week and all the gain made then
has been wiped out. Breaks In prices
at eastern markets have been a severe
bearish Influence here of late and the
Jewish holiday cessation Of killing also
had it's effect in cutting prices. Heavy
and strong calves are 75c@$1 lower
than the best last week. The top for
primes at $11.75.
Feeder Call slaeksrs.
Eastern call for stockers and feeders
has shrunk considerably this week due
to the overloaded Lancaster market
where demand has fallen severely. Last
week big crop Of thin little steers was,
teaNSu LUZ ludS lIAOS NNu Until CuHul-
tons pick UP down there buyers say
they will want few more of any kinds,
A string Of b-eedy Hereford yearilngs
sold this week at $8.25 to an Ohio feed
ed which is quarter from last weeS
warnings Of real good quality ato
scarce and hold within 1o@15c Of the
good time last week. Qualified strong
weight feeders in some instances arc
also escaping with about 15c decline
from week ago, but In between stuff
winch Is here in profusion, Is generally
25@3bc lower, with spots showing as
much as SOC down.
Trade Conditions Bad.
The beef trade is acting bad here and
IN the east, according to killers, and
they assert that until the jewish nslx.
day season is ended-and that lAst ~.
termittently until Oct 1O-there can be
no consistently broad demand for beef.
The Jewish population in the east 10
big and at New York cessation Of
kosher killing for a few days at time
is always a serious handicap to the de-
mand for steers In the local trade
=, Too, the New York market is wrest-.
ling just now with some 10000 and
more quarters Of Argentina beef, and.
although this is likely to be the last
generous shipment from South Amer
lea while Europe's war is on. demand
Tor domestic beef will have it's setback
by reason Of the presence Of the South,
American product on the market
What effect continuance Of the Euro
pean war will have on the American
cattle Industry Is under discussion in
trade circles. Two results have already
been manifested. One is forced market
ingffn the south, where banks have been
forced to call cattle loans to carry cot
ton.
The extent to which this will affect
female cattle Is conjectural, hut should
1t ultimat ~ force cows TO market the
war Will be disaster, especially in
Texas, the process Of rehabilitafins the
industry has been making progress.
Another menace is money strfnRency
IN the corn belt. At Omaha the feeder
market Is demoralized and banks are
reluctant to advance money to install
western cattle In feed lots, even where
the borrowers credit is good and he
has feed In abundance.
:. chicago commission houses are re-
lieving sheep feeders who in forelland-
ed manner made early contracts In the
west for thin stock, but at the time OF
delivery were unable to secure bank
accommodation for the final payment.
These loans have been made at
per cent and both cattle and sheep nm
ishers are facing the necessity OF paw
ing higher interest rates. The monetary
situation Is calculated to arrest in
vestment in breeding stock and prolong
beer and mutton scarcity.
Cattle receipts for the week were
46.720 head against 54,932 head for tina
same period ago. The top was $11.O5 for
the week against $3.50 for the cores.
ponding period year ago.
Kaiser Out Of Market
Germany has been wholly eliminated
as purchaser and the war has mater.
tally curtailed exports of hog product.
but the prospect Is less bearish than
might be supposed. Stocks have been
whitfield down in seasonable fashion
and what European markets are avail
able have held strong. II the war con-
tinues any length Of time Europe will
need lot OF hog product and should
peace occur there will be acres Of
empty shelves to fill. In any case Amer
lea must feed Europe.
The situation in the south is bad.
The cotton market has practically dis
appeared and planters are unable to
buy provisions. They have neither
money nor credit in many cases: noth-
ing but cotton. and while that COM
modify undoubtedly has intrinsic value
1t is not Immediately salable. It Is not
situation likely to continue indehnite-
~ and probability exists that WASH
ington will furnish relief
The decline In hogs for the week Is an
average Of 40@45c all around from thS
close last Saturday, and $13O under
the high point Of August 10, Chicago
receipts were 89,797 head with today'd
run estimated against 137,412 for the
corresponding time last year. Mondays
top at $3.50 was zoe above last yea1
but the close Is about 30c lower.
t.3sT