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Show IP- - iE8IKIW j HIGH I VEST Conditions in Nebaska and Iowa and in that section of th.e 5 corn belt tributary to Omaha : continue extremely favorable to ! maturing a large crop of corn. The hot dry weather of the past ! '. AS week following good general rains which put the ground in j splendid condition has been ideal corn weahter and is ! crowding it along to the limit. Generally speaking pastures are ! ; reported to be in excellent con- dition and with the stubbles ! will furnish abundant supply of hay and corn and feed- J ing operations this fall and ; winter promise more than ever to J I bo pretty extensive There is a ; little timidity apparent on the part of prospective feeders however, how-ever, about going up against feeder cattle and sheep at the prevailing prices, but then when prices at the markets become . settled to a good trading basis, which will probably be within the next couple of weeks, feeder buyers will be in a position to absorb most liberal offerings of cattle and sheep suitable for feeding. A few cattle and sheep are going to the country and j commission men and order buy-era buy-era at Omaha are liberally sup-plied sup-plied with orders for cattle and , sheep and there is any amount of inquiry for feeder grades, but with prices on cattle $1.50 to $2.00 per cwt. and sheep and lambs 50c to $1.00 per cwt. higher than a year ago at this time, buyers are careful about taking hold. The packer is naturally taking, advantage of the situation and ", - . ..-,UStinK Ills -purcfiaacs afceord- ingly. The beef and mutton trade is very slow in the big eastern consuming centers and i everybody seems to be- hoping for lower prices. Range offer- i ings are not materializing very I rapidly. Feed is still green on ' the range and cattle and sheep are taking on weight and the I range man is sitting in the" gold- I en chair", little disturbed by i predictions of cheaper beef or mutton, apparently satisfied with the gains his cattle and ' sheep are making and the condi- I tions which are bound to prevail I as a copsequence of the present i shortage of meat food animals j in the country. It is more thap K probable that some concessions M will have to be made on the part I of the seller before trading 1 assumes the active tones even fti the present scarcity would seem ij to justify. Present quoted IS values look too high to the If average buyer and he is holding j off, hoping that with more lib- Bg eral receipts prices will assume II amore reasonable level, but when I the movement marketward does I appreciate the demand will be in II evidence and the prospct for really low prices will still be at j the end of the rianbow. j The Missouri River markets K wjH furnish ample outlook for I the range stuff this fall and at I prices which will without doubt I continue relatively higher than I .at the eastern markets, for the I big bulk of the shortage in cattle 1 occurs in the northwestern I states and is apparent at the If -western markets. For instance 1 the five prominent markets, I Chicago, South Omaha, Kansas I City, St Louis and St Joseph I show total receipts of cattle for I 1912, 4,098,000 head as com- I N pared to 4,713,000 for 1911, a I .decrease so far this year of 645,- 000, or 14 percent By the end of the year the net decrease at these markets will not be less than one million cattle. |