Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-01-30
FARMERS LOSE MILLIONS
Congressman Good Declares Iowans
Are Being Cheated to Extent of $685.
100000 Market Being Manipulated
by Big Packers, He Says.

Washington, Jan. 30 = Representa-
tive Good in a speech N the house last
night, supporting the Anderson resolu-
ton for an investigation by the de-
livestock, meats and farm products, de-
clared Iowa farmers would suffer this
year loss of $4,000, 900 on cattle and
hogs
Good made it plain he believed the
market for fat cattle and hogs was
manipulated in the interest Of the
packers and while livestock prices
We're being depressed prices of meats
We're showed up; meantime, the ex-
ecutive officials did nothing.
He declared that as a matter Of
fact Iowa farmers would receive lit
tie benefit from the increased prices
of food stuffs due to the war.
Cattle Prices Down.
He pointed out most of the cereals
Of Iowa and the hay were fed to the
livestock. But he also pointed out that
in the past six months fat cattle have
gone down in the principal livestock
markets 1920 per hundred and fat hogs
1920 per hundred He gave detailed
figures 70 show that the present prices
for fat stock were Improbable.
Fat cattle and hogs are selling to-
day in the principal stock yards of the
country" said Good. for considerably
less than the actual cost Of the corn
to produce them.
He set forth exhaustive figures to
prove this assertion. He said of the
losses Inyra "a
Cites Prices Of Hogs.
Take the losses which the farmers
Of Iowa will sustain this year on their
hogs alone. They raised last year
1000 head. If three fourths Of them
were matured TO a weight of $50
pounds each and marketed this year
at the average price paid on the Chi
cago market yesterday, the loss to the
| Iowa farmers alone on the corn which
was consumed in maturing these hogs
would total 100000.
Fortunately for the farmers of
Iowa they have not all sold their hogs
at the prevailing price OF yesterday,
but they have all sold their hogs at
a much lower price than they should
have received for them.
Instead of sustaining loss. IL
N''-s 1900 A-NN~-' w LIZ SANG ptIISltl-
age of profit which they realized in
1919 of 1856 per 100 pounds, on the
corn cost to produce their hogs, they
would have realized on the same sales
a profit of more than 500 900 900
Loss viii Total S25,C0O,OOo.
considering the profit which should
have gone to the farmers and stock
raisers of Iowa by reason of the adj
vanced prices in beef and pork, which
the farmers did not receive, believe
that loss Of the Iowa farmers on cat
tie and hogs this year will total s25.-
600, 900"
Mr.. Good criticized the executive Of
ficers of the government for not lift
ing finger to investigate whether the
Sherman law was being violated He
made it plain he thought the packers
operations ought to be probed
He used Iowa as an Illustration of
the general situation. He pointed out
that in such a situation the farmer
was helpless, whereas great trans
D0rtation companies, similarly situated,
would nave redress by interesting the
president of the United States as they
have already done and have him ap-
point men on the interstate commerce
commission who favored the granting
Of increased freight rates"