The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-11
HOGS CLOSE WEAKER
Open 5 Higher, Drop on I'm
favorable Reports,
TOPS REMAIN AT $3.50
Light Cattle Trade With
Steady Market

The Wichita hog market yesterday dis
played some of those uncerr>sn ups ana
downs OF things, and at various tines
experienced a little Of the sweet plenti-
fully commingIed with the bitter. The
market opened a good cents higher, with
good demand and lively trade for the
fairly heavy local receipts al hand. Good
stiff prices went for only fair nogs, and
most of the first squirt showed up around
the tip notch Of the day before when the
market quotation was ten cents higher.
This state of things continued only about
three-quarters of an hour, but during this
brief space the top price for wagon stuff
had climbed up to The same point Of
the tops for the day previous, $3.50. close
~ followed by anOtner bunch of very
fair hogs, which managed to take on
a S3.77lz price before the break. During
the five higher run large bulk of the
early morning offerings had been dis
posed Of with fairly liberal lot in sight
and more car stuff advised The buIk
of the sales during this s'rong period
went at prices ranging from. S3.65g3. 20,
with quality only fair and mixed with
coarse and common hogs. Then came
an avalanche of reports from other CEN
tiers stating the heavy selling by brokers
Of provisions and consequent decline in
prices, with the natural result of imme-
date weakness and declines in all the
principal live stock markets This mar
ket opened full five higher by its own
merits and the active demand Kansas
city reported first steady to five higher,
but very shortly afterward few early
sales were 8 cents higher, but advance
IS all lost and the majority of sales are
now TO 10 cents lower" Chicago showed
the same conditions, and after an active
squirt with prices averag ing about five
cents higher, abruptly drove off material
~ with a weak and dull close. The re-
ceipts generally fell off except Kansas
City. which had about 1000 more. They
We're greatly in excess of the day pre-
vious at this point, being 1,43O yesterday
and 652 the day before. Trade on this mar
ket opened active and early, with a good
line of buyers on hand and the hogs
selling readily. AS to quality it may be
said the bulk of the offerings received
were only tolerably good, a few fair to
good mixed lots running in with the light
stuff, coarse heavies and rouChs On the
whole, the tone of grade was hardly up
to that of Thursday, and there were less
tOppy hogs and attractive good selling
property offered. The weight was only
one pound below that of the day previous
but there were about 500 more hogs in
yesterday than Thursday. The bulk of
the better grades Of the car lots sold at
s.. TO- only five cents below the top price
of the day previous when only two
loads took that top price and they were
choice extra good hogs. weighing more
by several pounds than any of the So -
loads yesterday save one only. This is
doing well for yesterday, considering
that the market on Thursday was easily
qnotable at TO 10c higher, while yester-
day the large part of the car stuff came
In after the early break in sympathy with
and conformity to all other markets. Sew
eral of these 75-cent loads were among the
last TO be weighed up, and if the close
a. quoted was to 10 cents lower it was
certainly due solely to quality and SYM
pathetic effect of eastern markets The
trade was Intermittent and spasidodic,
very little of the time dull or dragging,
and the local and speculative demand
WAS firm and active enough to absorb all
the offerings, all the receipts being sold
early and the hog pens emptied. There
were no outshipments, but there was left
GA hand last evening at the close some
fairly large holdings purchased on the
open market for shipment tonight. Chi
cago yesterday looked for % 900 hogs, and
received p, 900, against Is 900 the day previ-
Gus and left over yesterday from the day
before. 4,4l4. St. Louis received $500 yes
terday. against $500 on Thursday. Kan
sas City received 1900 yesterday, against
Il 000 on Thursday. The provision Naarket
suffered very materially yesterday from
the yellow fever scare, commission houses
wiring the news to customeH and in re-
turn receiving a flood of selling orders.
But for this unloked-for emergency this
pit would probably have held its own
along with the grain division. As it was.
short ribs lost 2212 points ND lard Is
points. The daily comparisons on the
local market are as follows: For yester-
day: Tops, $3.50. (same as Thursday:
bulk of sales, $365aS.75; average weight,
2l9; receipts. 1.430. For the day previous:
Tops. $3.50; bulk Of sales, $S60a3. 70; aver
age weight, 220; receipts, 652. For the same
day last year: Tops. S3.07l5: bulk of
sales, $30OG3.O735; average weight. 23I; re-
ceipts. 95S.