The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-07-13
R6G MARKET ACTIVE
Liberal Supply and Varying
Quality,
TOPS SAIL UP TO 1915
Big Squirt Sends Prices Up,
Market Says Later,

The Wichita hog market yesterday was
the nveliest and most interesting in a
long time. The actual receipts were the
heaviest for several days, and all were
absorbed very easily, IA fact with a vim
and spirit Of rush which was very re-
freshing The early market opened with
a fair line of hogs in sight, which were
socreased by fairly heavy wagon receipts
long before noon. The wagon trade was
good all through the day and TO this was
SD a volume of car hogs the heaviest
Come time. AS to a quotable market
he days business was a study from start
to close. The opening was fairly quotable
as steady, with several lots going at
prices strong to &c higher. This condition
prevailed through all the forenoon and
continued UP TO the hour when the most
Of the car stuff commenced arriving. Then
an unlocked for and really unnatural
squirt took place which a once showed the
price of hogs up at least 10 cents and
some even quoted the top of the rise as
Is cents higher than the average for
Mondays prices. his squirt lasted through
large part of the later receipts, then
sank slightly. and the price at the close
showed that most If not all of the ad-
vance has been lost. Be it said for this
sudden rise, that many car loads were
bought as soon as received at the dock
and before they were Unioaded or penned,
and in most instances without even look
ing over the hogs in the cars he 1871
prices registered, were in the main out
of range and were bid for either in the
cars or in the chutes, and did. not fairly
represent the days market. The bulk of
all the days trading went at prices just
about stronger. The demand good
from all sources, at times being really
fierce, and buyers bid well up for hogs
which the day before and even in the
early part Of yesterday, would have been
in luck to have brought 1855. Thopgh
there were Is cars in, besides an unusually
good supply Of wagon hogs, all the stuff
received was taken, and during the squirt
at least, at prices running from strong
to 10 and even Is cents higher. 1t may
be said, however, that this artificial squirt
did not last long and soon settled down
TO normal basis, and the last sales for
the day were at figures showing that the
emergency gain had mostly been lost and
prices more nearly at their real worth
The market through most Of the day was
unsettled, nervous, and unsteady. with diff
ferent lots of hogs going at prices SEEM
ingly out of proportion with their worth.
Some Of the early sales were a low fig
ures but usually the grade of the stock
in these cases was off a shade or more:
and the better tone of the hogs received,
and even inferior stuff in some instances
later. took a price not commensurate
with their real worth. Through the early
-. art OF the day, the quality of hogs re-
ceived was very poor, and not up to tn
average for Monday. Later, however, the
car stuff arriving showed up decidedly
better and was more attractive and more
nearly worth the prices paid. AS shown
in the comparison tables below, the aver
age weight was Il pounds below that of
the day before. and this is explained from
the fact that the inferior quality of the
early part Of the day materially offset the
better stuff received toward the close The
best Of the days hogs came in near the
close and these were in the main the
ones which took the abnormally high price
of $40 and SS.75, the same grade of hogs
earlier only receiving prices at much
lower figure All the best hogs were
snapped up as soon a : received, and there
was not enough received to supply the
demand by considerable. The demand was
active and strong, the bidding well up
and firm. and the trading live and full of
spirit. Hogs were sold Irrespective Of
their real merit, and always at prices
fully all they were worth, and during
the abnormal squirt often for really more
than they were worth. About everything
was sold which came in and more could
have been used, the local and shipping
demand both being strong and active. The
general quality was not up TO that %