The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-05-21
HOG MARKET WEAK
Caused BY Heavy Receipts in
the Past Week.
TOPS REACH TO S4.t5
Compares FavorabIy With All
Other Markets.

The hog market yesterday was dull and
commonplace, chiefly because Of the very
light receipts. and not from slackness of
demand All the local and foreign buyers
were represented on the ground and al
were eager for all the offerings, but the
offerings being so few made a naturally
inactive market. The abnormally heavy
receipts the past week. accompanied most
OF the time by high market, had the
logical tendency Of hurrying into market
all the stuff in any manner ready for
SALE and the truth OF the situation is
also, large quantity Of hogs by no means
ready for market. Nearly all this week
understood and lights, as well as thin hogs
have been hurried into the market, not
only at this point, but at all the leading
receiving points in the west and central
states. A plethora Of light weight hogs
and rough skps have flowed in one con-
tinued stream into the western markets,
and the significant feature Is that in
spite Of this food of undesirable stuff the
market did not weaken perceptibly under
the unnatural strain. The only ultimate
outcome was that the bottom should fall
from under lights, and this has happened,
not alore at this point but at all the mar
l1ets whose influence is at all felt in the
live stock end of the countrys COM
merce. The heavy influx Of receipts all
over was simply bound to result in a re-
actor. the immediate effects of which
nave been felt the past two days at this
market, as well as all over. Regular ship
pers who buy all the time from producers
in the farming community hurried their
eccumulations into market so long as they
lasted and the high prices prevailed Uu-
FOL off in 2 1,ofr
ueSt most natural move was to commence
right off waiting mood, to hold off from
shipment until settled market should
follow the unnatural squirt Of recent ex-
Perience. All this has happened, and it
was only to be expected that IL would
happen. The local market yesterday only
acted in sympathy with all other mar
kets, and the universal wall is very heavy
receipts, slow demand and consequent
lower markets. For instance: On Thurs
day the receipts at Chicago, including the
hogs left over from the day before, were
10000; the estimate for yesterday was 3D.
0G0, and the actual receipts were 90 600,
With the very nataural result of a very
dull market, quoted at 10 to 15c lower.
The last bulletin received from Chicago
recording the conditions there by Associ-
ated Press was, the demand for hogs
today was much smaller than during the
early part Of the week and the market
continued to show great weakness" This
IS but a sample Of the reports every
where. At Kanas City the official re-
Ceipts were 2,24S, with the market 10 to
zoe lower. Pigs and lights suffered the
universal plunge downward as evidenced
by the following late telegram last even
Ing: Yesterdays break in provisions and
liberal receipts caused decline of about
j. cents in packing hogs today and any
where from 20 to 40 cents on pigs" THE |
st. Louis market was likewise lower, |
with only $500 received, as against $500
the day before. The local market was gem
orally quoted as 10 to Is cents lower, with
Very light receipts, good healthy demand
and on the average very poor and unde- !
sirable offerings. Generally speaking, the |
wagon hogs were fair to good, and sold
we'll up as thir real worth demanded. Fhe
few car lots were mean common, and
ecrubby stock, only about two loads being
at all attractive, and those not compare
bic with some of the lower average of 9TH |
er days of his week. The top LOAF Of the !
day showed fairly good stock and would
easily have sold at the top price the day
previous when the market was higher.
As for the bulk of the offerings, they we e
generally of an inferior quality and
drought just al lll6y were worth On any
market at any tine. The run of Zig Il !
lights was again too heavy, the averag,
weight for 5ne day being only 2l0, as COM
pared with 30 the day previous, 2l and |
2l2 the two previous days. The real quail |
ity and worth of the offerings was !
enough to weaken the market, and added |
on to thst the natural reaction from a |
week of high prices and heavy receipts, |
il is but noticeable that there was so |
much inherent strength in the market |
when compared with greater drops and |
weakness in other markets. The daily |
for the local market are as /
follows: For yesterday: tops, A.15: bulk /
of sales, SS95QA10; average weight 20; /
receipts, e0S. For the day previous: tons. |
S4211a; bulk Of sales, S4l50495; average /
weight. DIS: receipts. 1O41. For last week. /
Friday: tops. $40; bulk of sales. $3.50 |
4.05; average weight, 220: receipts. 1Til /
For same day last year: tops. $3.50; bulk /
Of sales, s9l0dS.2o; average weight "a; |
receipts, 976. Shipments yesterday. four |
cars of hogs. making for the week s. ais. |
ard for the month so far. 220.
REPRESENTATIVES, SALES