Evening star., 1923-07-11
SEES HIGHER PRICES
FOR BEEF STEERS
Expert Expects Little Change
/ in Hog Market for Long
Time.
BY j. c. ROYLE.

special Dispatch to The Star.
NEW YORK, July lI.-Conditions In
the Livestock industry today are such as
TO warrant the prediction that good
western beef steers will be selling this
fall at from SIS to $50 a head higher
than last year. according to A. E. De
Ricqles, president Of the American Live
STOCK and Commission Company of Dem
yer and one of the foremost cattle men
of the country.
Good b.~sr cattle now are selling at
U toih $50 to $40 a head above last
taxc figures" he said. And there is
VERY reason to believe that prices will
DO much higher by the time the large
shipping season opens. Cattle in all the
western and intermountain states are
In fine condition as a result of moderate
weather last winter, which allowed them
TO come through with some flesh, and
of the splendid condition of paSturage
due TO early rains.
Hog Prices to Stay Down.
The sheep industry because of mac
tivity of the wool market, is not up to
= the mark attained by cattle although
there is a good and rising market for
lambs. Hog prices are low and the
packers are receiving too many TO bring
about favorable reaction. Stores of
is hardly any export market. There
fore hog growers are not likely to find
much Improvement for some time"
The trend indicated by Mi De
Ricqlues is confirmed in packing cen,
ters like Kansas City, Chicago and
East St. Louis SO far as the accu-
mutation of pork products Is con-
cerned. Meat prices have followed
live stock prices up with advances at
both wholesale and retail in Boston,
Chicago, Philadelphia and other CEN
terS.
Business Improving.
Prospects for the cattle business in
the middle and southwest are decid-
edly better than they were two
months ago, according to reports from
Texas, Oklahoma, Kansas and Mis-
souri,. The flooded market which re-
suited from heavy selling of stock
early this year to secure funds TO
dried out and with ranges generally
in good condition for fattening cattle
there is no reason why stock men
should not receive better return
this year than at any time since the
war.
If cattle prices continue on their
upward trend as indicated there is
every reason to believe meat prices
Will do likewise.
Urged to Hold Wool for Rise.
]. B. Wilson, secretary of the wy
oming Wool Growers Association, has
sent a letter to all members strongly
urging them to hold their wool for
higher prices.
DO. not sacrifice your wool" he
wrote. I'VE believe wool prices ia this
country will be higher just as soon as
the mills start buying"
The Boston wool trade believes
that the mills must certainly be
forced to enter the market shortly,
as they have held off from purchases
for some months and have been run
ming mostly at full capacity. Most
of them are waiting for the Ameri-
can Woolen Company to name its
lightweight prices for next season.
This. it is felt. will give an idea
of how far finished goods prices can
be advanced without a check to con-
sumer buying, although the big man
ufacturing concern is known to have
covered a large part of its seasons
requirement. buying direct from the
grower. Prices paid are believed to
have ranged between 40 and 55 cents
In the grease.
New England Buying Southern Mills.
The cotton goods industry shows
tailment of production by leading
week, but those which have been
running on short time are expected
to continue to do SO. Consumers wiz
not buy at prices sufficiently high
to cover the present high cost of the
staple.
Meanwhile evidence accumulates of
the growing financial interest being