Evening star., 1932-07-18
live STOCK BOOST
BRINGS HAPPY SIGN
Raiser and Industry Gen.
r orally Encouraged by
Trend of Market.
By the Associated Press.

CHICAGO, July 18.-Live stock Is
calling the turn.
Down in the yards" that seething
theater of the animal industry. they
will tell you that the live stock raiser
Is sitting on top of the world"
Down in the yards they have been
Watching the longest unceasing ad-
vance in hog prices ever known. They
have seen cattle lead the way as the
first farm commodity to rise above 1881
prices.
For "a days without interruption hog
prices gained steadily. From s3.oO 10.
"top" hogs on May % the price sWelled
to s555 last Monday, while the aver
age advanced from $315 to $5.
During the last week reaction set
ina natural reaction. perhaps after
an amazing forward movement but ac-
centuated by the wave of heat that en-
quilted most of the country and drowned
out the market for fresh pork. Inc
setback trimmed 40 to SO cents from
the 81 gain.
Values Increased.
Who benefits?
Economists have estimated the live
stock on the farms has taken on SlUu,-
OC3 900 or more of added value. yet
thare is no stampede to sell. for receipts
continue low in the principal markets,
and stock yards authorities said yes
terdav that farmers are evincing a dis
position to hold and fatten their cattie
and seem better able, moneyWlse, TO
wait. So, 49,.
Charles A. Wilson, president OF the
Chicago Live Stock Exchange, called
the recent gains seasonal he polnte9 1a1,,
hot
the and 10 year averages. Cattle
alone, avering $8.25 last week, have
climbed above the corresponding week
of 1881, when the average was $3.50:
Hogs. despite their advance, averaged
$3.50 last week, against S6.40 year ago
"The rise in live stock prices from the
lows of last Winter" said Wilson. has
been very marked. Hogs, which reached
the lowest price in 35 years, and cattle
have both made good recovery.
Declared Only Beginning.
On the other hand, historians down
at the yards believe the rise thus far
has only been beginning. To sub
stantiate, they point out:
This is not the usual month for the
peak in cattle. In Is years october mas
seen the best prices paid for cattle nine
times.
Hogs have sold at their best for the
season five times in July, three times In
August. five times in September:
The shortages OF meat are sun acuCe-
There was no shortage OF noes' u
decd until a month ago-in TACT the
market has received l,00O,O00 heao more
for the year to date and receipts at
s1arentering houses are dwindling. June
raceipts were the smallest since 1888 ana
official reports indicate young hoss
on farms are per cent fewer tnan d
Hogs shipped to the Chicago yards in
J,lne totaled 421, GIT. against 546.89 last
wear; to the II principal markets, -
58A,oo against 1901 900 last year
And the packers naturally must bene-
1T with the farmers. inventories
Jumped in value. Wholesale pork IONS,
not so long ago at the lowest price since
1896, sold up from cents 70 Il.
Shortage Acute.
The cattle shortage is counted the
most acute since 1884 Beef in packers
coolers, too, is at ebb. The Govern
rnent reported 90, 783, 900 pounds OF beer
stored July l, greatly diminished since
June /, when 35,655,000 pounds were on
hand, and the figure on July l, 1881,
was AZ, $4,000 pounds and the f1ve-year
average 4S, ,O9T OOU.
Already there have been indications
that improving prices will stimulate m
creased production, particularly WIN
corn for feeding purposes selilng arouno
20 to 80 cents-corn, incidentally, deriN-
ing some benefit from the upbound live
stock prices despite promise OF q
bumper corn yield this year. Even yes
terday. while wheat was establishing an
all-time low mark of 44H cents a
bushel, corn was able to gain traction.
Higher Prices.
A carload of hogs sells today $500
higher than month ago.
A carload of cattle brings $3.50 more
than at the low point in May.
Farmers coming into the stockyaros
have told of gaining So and 81 per nun
dredWeight on the price they paid 1or
their feeder cattle-cattle they fattened
on corn at 20 to 80 cents bushel.
Stock bought at $25 to $35 head last
Fall can be sold today at $50 to SlOO.
Choice to prime steers brought $500
$3.50 Saturday The best run OF hogs
brought S4.75-S5.10.
Ralph Budd, president of the Burling-
ton Railroad. said last week at Omaha:
mo other thing since the depression
began has heartened me so much as
the continued rise in live stock prices.
y = If commodity prices go up, then
the purchasing power Of the farmer
will be restored. The rest of the coun-
try cannot be restored until the farmer
has purchasing power"
- AIM @nuGl-r AllIrAl